Inauguration - Four more years of unfettered Bush may sound like a disaster for America and the world, but both the man and his team are likely to see their second-term ambitions frustrated on all sides. By Anatol Lieven

The first years of the Clinton administration showed that, in its present form, the American political system is incapable of serious change in a progressive direction. The next four years of George W Bush will show whether it is capable of such change in a neoliberal direction. Those of us who have no wish to see a programme of radical reaction in America might thank God that Bush spent much of his first term crippling the resources he would need to achieve it. The downside is that in the process he did immense damage to America and the world.

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