Obama as president

US policy changes aim to reinforce its imperialist domination

Submitted by World Revolution on

Faced with this weakening of American leadership, where it has to negotiate with North Korea and recognise China as a player in Asia, where its policies are contested by all and sundry, including its previously loyal allies, there is a need for an adjustment in policy to better defend its interests.

USA: state capitalism is running out of room for manoeuvre

Submitted by World Revolution on

There is no place to hide now. According to the December announcement by The National Bureau of Economic Research - the agency responsible for dating the beginning of a recession in the US - the American economy has been in recession since December 2007.In other words, for most of last year Mr. Bernanke, Mr. Paulson, the White House and Congress were busy denying the existence of, and trying to avoid, a recession that hadalready started!

The Economic Crisis: State Capitalism Is Running Out of Room for Manoeuvre

Submitted by Internationalism USA on

This is 2009 and with the new year comes a brand new president predicting that the economy will get worse before it gets better, a new congress ready to act where the past one fumbled, and a great new economic team educated at the most prestigious American institutions, with fresh ideas on how to save capitalism from catastrophe. Yet given the fact that so far the bourgeoisie has failed to contain the crisis, the odds for Obama's success are definitely not good.
Subscribe to RSS - Obama as president