It appears we finally have a president. More than 5 weeks since election day, weeks of uncertainty and confusion, George Bush has won the presidency. What lies behind all the legislative and judicial maneuvering? What does this all mean from a Marxist perspective?

Nearly a week has passed since the US Presidential election, and still there is no declared winner. What does all of this mean? How is it possible that the vote is split almost identically between the two major candidates? The simple answer is that the two candidates are virtually identical! As we have explained many times, both the Democrats and the Republicans are essentially two sides of the same coin. Both parties are firmly in the pockets of the capitalist class - no matter who wins, the ruling class has covered all its bases by contributing $540 million in campaign "contributions" to the coffers of both parties. Both parties defend the interests of private property and the market, so capitalist interests are guaranteed no matter who wins. As Marxists we are implacably opposed to the rule of private property and the anarchic, wasteful, market economy, so there is absolutely no question of supporting a "lesser evil". As filmmaker Michael Moore points out, the lesser of two evils is still evil!

One week after what is being called the "attack on America" the aftershocks continue to be felt. The far-reaching effects of this recent terrorist attack are sending shockwave not only the through the American but also the world economy. In Monday's trading stocks were down nearly across the board (with the exception of many armaments companies!) with many investors wondering how the attack will affect the bottom line. But no sector was as hard hit by the attack or on Wall Street as the airline industry. American Airlines was down $ 11.70 to $18.00; US Air down $ 6.05 to $5.57 United down $13.32 to $17.50 - losses close to 50 percent for each and every one of the airline stocks. To try and curb the selling frenzy the airlines announced huge layoffs hoping to demonstrate that they were tightening their belts. US Air announced 11,000 layoffs and Continental Airlines announced that 12,000 of their employees would not have a job next week. These layoffs are just a fraction of the 100,000 jobs that Continental's Chief Executive said could be lost in the airline industry alone.