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Just one year ago, in the midst of the meltdown on Wall Street, millions of Americans, many of whom had never voted before, came out for Barack Obama, energized by his message of hope and change. His victory marked a turning point in U.S. politics, a clear rejection of Bush’s blatantly anti-worker and imperialist policies. The streets overflowed with joy and the promise of a new era. Around the world, cries of “yes we can!” could be heard as a collective sigh of relief swept the planet. The Bush years were over! Surely things would now get better! But what is the reality?