He could not do anything to reduce the cascading consequences of the crisis of the global finance capital system which has led to change of governments in majority of the governments in capitalist countries, especially in Europe. He could not do anything to lessen the economic dissatisfaction and unemployment sweeping across US also. Rather, under his regime the differences between the Democrats and Republicans further disappeared. The continuing similarity in approach to all basic imperialist hegemonic policies between them became more glaring during last four years. So the presidential race between Obama and Republican Romney became practically a non-event as reflected in the debates between the two, which was less serious than those organized in schools.
So the re-election of Obama is also a non-event, another typical election result under the bourgeois democracies where no basic issues ever become a point of contention. Though he has promised to do many things to better the living conditions of the people of US, he has not proposed any changes in the economic policies which has led to the ever intensifying crises faced by the global imperialist system. So these promises shall remain almost totally unfulfilled. At the same time, in order to prove his credentials as a staunch advocate of Pax-Americana, during his second term he may prove as more belligerent than Bush. to transfer the burden of the US crisis to the shoulders of world people, by even resorting to aggressions against Syria or Iran or any other country depicted as the ‘centre of evil’ by the US and comprador propaganda machine, as Iraq and others were depicted earlier. His administration shall also try to intensify the trade war with China and provoke conflicts around China in the Asian region. The possibility for sharpening of the rivalry between US and China is also more. The way prime minister Manmohan Singh has lauded r-election of Obama, there are all possibilities for more subservience of the comprador regime of India to the US imperialists also. So the re-election of Obama will only enthuse compradors like Manmohan Singh. The working class and the oppressed peoples of the world have nothing to get enthused by it.