Elections can reveal a lot about a country, and the fast-approaching
U.S. presidential election is proving to be no exception. Above all,
the current election shows just how much working Americans need their
own political representation. This fact is expressed and cynically
taken advantage of by Barack Obama’s campaign slogan: “Change We Can
Believe In.” Even the “old guard” represented by John McCain has had to
raise the idea of change in his campaign rhetoric.

Millions have hoped against hope that Barack Obama represents real
change. But these sincere hopes were dealt another blow with the
selection of Senator Joseph Biden from Delaware as Obama’s vice
presidential running mate. Biden has had a long career in politics, and
is often portrayed as a “liberal.” However, a brief look at his
policies only goes to show the sorry state that bourgeois liberalism
finds itself in!

“The
Icelandic economy is prosperous and flexible” (IMF 4 July 2008)

(There
is) “a very real danger…that the Icelandic economy, in the worst case, could
be sucked with the banks into the whirlpool and the result could be national
bankruptcy.” (Iceland’s Prime Minister Geir Haarde – address to the nation 6
October 2008)

What happened to Iceland in the period of three
months to explain this change?