Elitist means imperically better, not just better at something, but better in general. That said, nothing about capitalism makes capitalists elitists. Sure there are some that are, just like there are some communists that are, and some democrats that are, and some republicans that are, and some...(continues for every single political following).

Anyway. I think that even if Obama fails, that will not mean that a republican will take the office in 2012, nor will a republican take over indicate that Obama did fail.

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Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides