WITH THE PRESENT FINANCIAL MELT-DOWN in the U.S. throwing the global economy into question, many on the “Left” are wondering again about the nature of capitalism. While many will be tempted to jump on the bandwagon of the “bailout” being floated by the Bush administration and the Congressional Democrats (including Obama), others will protest the “bailing out” of Wall Street.
Barack Obama had, until recently, made his campaign for President of the United States a referendum on the invasion and occupation of Iraq. In the Democratic Party primaries, Obama attacked Hillary Clinton for her vote in favor of the invasion. Among Republican contenders, John McCain went out of his way to appear as the candidate most supportive of the Bush administration’s policy in Iraq.