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Edwin Stanton, the tireless Secretary of War in President Abraham Lincoln’s cabinet said at the time of Lincoln’s death, “He belongs to the ages.” Much the same can be said about this election.

The election challenged long-held assumptions, broke voter turnout records, and shattered seemingly unbreakable barriers – none more historic than the election of an African-American president for the first time. And all this happened in the face of negative appeals to the worst angels of the American people. But to our credit, we repudiated the old politics of fear, division, racial code words, red-baiting, immigrant bashing, and nostalgic appeals to a country and time that never were.

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The National Committee of the Communist Party USA calls on all of those concerned about the economic crisis that has gripped our country and the world to unite and fight for the election mandate.

We hail the tens of millions who came to the polls and registered an historic defeat of the ultra right. These voters saw through the direct and indirect appeals to racism and voted for Obama. We salute those who rejected the Republican anti-communist, anti-immigrant attacks and numerous other slanders and voted their hopes and not their fears. Their votes represent the highest expression of patriotism.

The following motion passed at the NC meeting:

The specific issues and forms of struggle will vary in different places as the economic crisis deepens and spreads. Every club and district should work to build grassroots movements as the struggles unfold, and to build the Communist Party as an essential part of the working-class movement...

Congratulations on an extraordinary history making election!

We can think back with pride to decades of hard work toward our strategic goal of a big enough, broad enough and united enough labor and all-people’s movement that could overcome the ultra-right blockage to all progress. That all people’s movement has come to life, it is dynamic and it has the potential to keep growing.
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It was only yesterday that “free market” ideologues were dancing on Karl Marx’s grave with scornful shouts that “greed is good” and “TINA” — “there is no alternative” to capitalism. These fat men guffawed contemptuously at Marx’s warning that capitalism is built on wage exploitation, that workers never earn enough to buy back what they produce, creating “overproduction” and periodic crises — some deep and long — that can only be solved by socialism.

Reprinted from the People's Weekly World Newspaper.

(To read Part 1, click here.)

The turmoil in financial markets and the bailout to the tune of $700 billion has turned the public eye and wrath on Wall Street and Washington. While millions are aware of the triggering causes, ranging from predatory lending to deregulation to insatiable greed, what isn’t so obvious is the longer-term process that brought our financial system and economy to the edge of the abyss.