'The US is no longer a conservative nation. The Democrats have won a powerful mandate to move the country leftwards'
by Anatole Kaletsky
Voters resoundingly rejected the Republicans' single-minded focus on low taxes and small government. Having elected Mr Obama, the American people will demand big economic changes. And given the urgency of the financial crisis, Mr Obama would do well to signal these changes within days, rather than waiting until he is inaugurated on January 20. With luck, he will quickly appoint a team of experienced officials who understand that free enterprise is perfectly compatible with regulation, a moderately redistributive tax system and a stronger safety net than Americans currently enjoy.