A hiccup in the economy hardly spells doom for capitalism. Capitalism is part of the American way of life not the defiitnition of America.
Communism has an impressive track record of success: Soviet Union... oh wait... hmmm... North Korea.... well, never mind that one. I know! Cuba! They're a well to do, prosperous Communist State!
As for Obama, I hope he really is going to make a change for the better; but my gut tells me me, he's more hype than hope. Hopefully, history will prove me wrong.