For more than a week, Iran has been convulsed by mass demonstrations denouncing election fraud. Hundreds of thousands have repeatedly taken to the streets to denounce the government, which is now threatening, and beginning to carry out, a bloody crackdown. This time around, imperialist intervention is veiled: the White House feigns neutrality, the Western media go all out for the opposition, while in the background various agencies provide vital technical aid. In reality, all candidates in the presidential vote swear allegiance to the Islamic Republic, and the supposed moderate reformers are no less butchers and enemies of poor and working people than the conservative "populist" government. The situation cries out for revolutionary leadership independent of all factions of the theocracy, to wage a struggle for workers revolution against imperialism and clerical reaction.

The financial crisis that has been heating up since early 2007 reached the boiling point in late September. Credit markets virtually stopped functioning. A full-blown panic swept stock markets worldwide. The U.S. economy is in the throes of a recession that could turn into a Depression lasting for years. In these dire straits, the Wall Street speculators who set off this crisis are demanding that the government rescue them with a bailout priced at $700 billion. The actual costs will be far higher, a trillion dollars or more. Meanwhile, the Democrats are pushing hardest for the Bush bailout of the banks. Presidential candidate Barack Obama blames "greed" for the crisis on Wall Street (capitalism without greed?) and says there must be no "blank check to Washington" -- meaning he's for putting in a few conditions as window dressing. Following in the Democrats' footsteps, the AFL-CIO labor bureaucrats called a demo for "No Blank Check for Wall Street." Yet no amount of regulation will stop the boom-bust cycle of capitalism. Meanwhile unemployment lines are growing and a million families were thrown out of their homes by bank foreclosures in the last year. While the fat cats, Democrats and bureaucrats are all going for the Bush bailout to prop up U.S. capitalism, revolutionary Marxists oppose this trillion-dollar giveaway to the Wall Street speculators, calling instead for a program of transitional demands leading to the expropriation of the banks and the entire bourgeoisie through workers revolution.