Not to put too fine a point on it, but Obama, along with bailing out the American middle class, winning two wars, fixing health care, and solving global warming, is also expected to "save capitalism."
That's the word from Newsweek:
"While there has been much elation over Obama's election, there remains a deep pessimism across the country that is having adverse effects on the economy. People and corporations are still not doing much by way of buying, borrowing or lending —the heartbeats of modern capitalism. The political system has moved on to the automobile bailouts and the fiscal stimulus, but the original problem of trust in the financial system has still not been fixed. "Credit markets are still fundamentally broken," says David Swensen, chief investment officer of Yale University.
How to restore confidence? It's not as easy as it sounds..."
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