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After all, according to this the total Islamist vote is around 46 percent, not enough to win. One key question would be where would the Sabahi voters go? Are these people anti-Islamists who like a left-wing (virtually Communist-style) candidate or are they people who want a further-going revolution and might back the Brotherhood candidate?
--Egyptian/Arab nationalism has revived, receiving about 52 percent of the vote! And that means Shafiq could win in the run-off round. And here's another point of importance: If Egyptians want an alternative to Islamism it will be radical populist nationalism, not moderate cosmopolitan liberalism.
--This shows that things since the revolution have become so bad that a lot of Egyptians are nostalgic for the Mubarak era. Perhaps it wasn't such a great idea to overthrow the regime, call it an Arab Spring over a cliff?
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Remember that he and the Brotherhood are now not even trying to hide their extremism, openly demanding an immediate Sharia state and a Caliphate. In fact, I'd suggest they could have done much better in the first round if they had continued to pretend more moderation. Also Mursi was not an attractive candidate personally. Remember he was not the Brotherhood's first choice but stepped in at the last moment when someone else was disqualified.
The Islamists have two options, perhaps following both:
A. View his victory as a return to the old regime and the overturning of the revolution. There could be real internal disorder and a lot of violence.
For his part, Shafiq would try to limit the radicalism, maintain good relations with the United States, and avoid war with Israel.