Making a New New Deal: Sitdown Strike in Chicago

Much has been made about the prospect that Barack Obama's presidency might, due to economic necessity and the president-elect's interventionist inclinations, be a reprise of the New Deal era.

But there will be no "new New Deal" if Americans simply look to Obama to lead them out of the domestic quagmire into which Bill Clinton and George Bush led the country with a toxic blend of free-trade absolutism, banking deregulation and disdain for industrial policy.

Read the full story in The Nation.

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