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A bailout for the auto industry?

Original article, a commentary subtitled Lee Sustar looks at the automakers’ demands for a taxpayer bailout–and what working people should demand in return, via SocialstWorker.org:

THE BUSH administration’s Wall Street bailout may be a prelude to a sweeping government intervention in the auto industry–even before Barack Obama takes office January 20.

Is Obama Screwing His Base with Rahm Emanuel Selection?

Original article, by Stephen Zunes and subtitled Obama has asked conservative Clinton vet Rahm Emanuel to be his chief of staff — it’s not a good sign for progressives, vial Alternet:

I had really wanted to celebrate Barack Obama’s remarkable victory for a day or so before becoming cynical again. I really did.

Europe’s growing wave of resistance to the crisis

Original article, a series of news reports, via Socialist Worker (UK):

Here’s the subtitle:

Across Europe there is a growing rebellion against attempts to make ordinary people pay for the economic crisis. Socialist Worker reports on the protests that have swept Greece, Italy and Germany in the past week

US elections: Welcome to the “School of the Democrats”

Original article, by John Peterson, via Socialist Appeal (US):

The U.S. has elected a new president. On January 20, 2009, Barack Hussein Obama will be sworn in as the 44th President of the United States. Along with the dramatic turn in the economic situation, this marks a definite turning point in the history of the country and of the world. On the streets across the U.S., you can feel a collective sigh of relief. Tens if not hundreds of thousands of people are on the streets of New York, Chicago, St. Louis and San Francisco, many of them dancing and even crying with joy. Young people drive by or ride their bikes through the streets yelling “Obama!” at passersby. Some have likened the celebration to New Year’s Eve, and people’s faces – especially young people and African-Americans – are glowing. These scenes have been repeated around the world, as frustration against Bush’s policies is unleashed. The world has not been a very pleasant place for the last 8 years.

What happens on election day?

This article is original to All Over the Board:

So, as I write this, tomorrow is the big day. The people of the US get to choose their next President. There’s a good quote on this over at Socialist Appeal (UK):

On the eve of the US elections

Original article, a perspective from Patrick Martin, via World Socialist Web Site:

In the run-up to Election Day, with polls pointing to a lopsided victory by the Democratic Party, both Barack Obama and leading congressional Democrats are making it clear in advance that a popular repudiation of the Bush administration will not determine the policies of an Obama White House or Democratic Congress.

Wall Street’s Great Heist of 2008

Original article, a perspective from Barry Grey, via World Socialist Web Site:

The Wall Street Journal published a front-page article Friday reporting that the nine biggest US banks, which have received a combined $125 billion in taxpayer funds as part of the $700 billion bailout authored by Treasury Secretary Henry Paulson and passed by the Democratic Congress, owed their executives more than $40 billion for recent years’ compensation and pensions as of the end of 2000.

Is Obama really a radical at heart?

Original article, by Lance Selfa and subtitled If Obama is acting like a centrist now, it’s most likely because he is a centrist–rather than a radical posing as one to get elected, via socialistworker.org:

WITH LITTLE else to offer on its own behalf, the McCain-Palin ticket has built an entire campaign on ridiculing and demonizing Barack Obama. First, Obama was a neophyte. Then, he was a celebrity. Now, he’s a dangerous radical, even a friend to terrorists.

Memo to Progressives for Obama

Original article, by Joshua Frank and subtitled What Happens After Election Day?, via counterpunch.com:

Unless John McCain has a bombshell of a scandal to drop on Barack Obama at the 11th hour, this election is beginning to look like it’s in the bag for the Democrats. The Republicans will finally be kicked out of the White House and peace and calm will slowly return to Washington.

Two good articles at Socialist Appeal (UK)!

The first, Top Economic Strategist warns of ‘Catastrophe and Revolution’ by Rob Sewell looks at warnings from a leading strategist of capitalism in the City:

We are facing the worst economic crisis since the 1930s. Despite all the efforts to bail out the banking system, the economic crisis has only just started to bite. How deep or long the crisis will last is difficult to estimate, but given the financial house of cards built up in the last world boom, the capitalist system has entered unprecedented times, in which a depression cannot be ruled out.

Capitalism is bankrupt

Original article, subtitled Their system creates recession, hunger and climate chaos, but they want you to pay, via Socialist Worker (UK):

Until A few weeks ago, supporters of free market capitalism were confident enough to proclaim that their system was the only way that the world could be organised. Now their certainties have vanished.

The Financial Crisis Explained in One Interview!

Originally posted via Socialist Appeal (UK):

Still flummoxed by the financial crisis? In this classic comedy sketch, John Fortune and John Bird explain why we are in such a mess.

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