Iranian President Mahmoud Ahmadinejad has denounced the US administration for failing to implement the policy of change, saying capitalism in the US is nearing its end. "US President Barack Obama was brought to power to salvage the capitalist system," Ahmadinejad said in an address to directors and producers of the Islamic Republic of Iran Broadcasting (IRIB) on Tuesday.
The president said although Obama came to power with the emphasis that wrong US policies should be reformed, he has failed to live up to his promise of change.
President Ahmadinejad further pointed out that Obama will not be able to save a dying US economy.
Elsewhere in his remarks, the Iranian president dismissed the US-backed sanctions against Tehran's nuclear program.
"The West has been trying to use sanctions to deal a blow to the Iranian nation, but Iranianians will turn those moves into opportunities." he said.
He underlined the West is trying to force Iran into a retreat through imposing sanctions.