Really, there’s not much to say as of now, because Obama isn’t president yet. However, here’s just a simply worded opinion on the current decisions the president-elect has made, will made, and probably most importantly, what we must be most concerned about.
At the moment, we technically have two presidents: President Bush and President-elect Obama. Has Obama done much? With his daily economic conferences has come four straight days of increases in the DOW Jones. Coincidence, possibly, but confidence in the markets is probably the best reasoning.
In terms of his cabinet, the rumors have been spreading like wildfire. Will Hillary Clinton become Secretary of State? It is one heck of a bold move if he chooses to appoint her. However, the most important question has been whom he will appoint as his economic advisors. Right now, the biggest move he’s made has been in choosing Larry Somers as the new head of the National Economic Council, formed under President Clinton.
Still, it can be argued that the challenges the president-elect is facing is much more difficult than any other from past presidents from at least thirty years ago. The recession the United States has entered really does come second to the Great Depression. If we don’t bring confidence back to the markets, it will be 1929 all over again.
“I’m very optimistic about the future with Obama as president,” says Tyler Diamond of Lynbrook High School, “Although there are many big problems that face the United States, Obama has started out in the right direction by naming many good people as advisors and members of cabinet. I expect other countries to start respecting the United States again as they have in the past, and I am hopeful Obama’s initiatives will improve the economy.”
The one major concern for the president-elect is, for lack of better words, a “revolution of racism.” The chances of an assassination of Obama are, without a doubt, much higher than any other president. That’s what happens when the confinements of history are broken. It was Lincoln and slavery, then Kennedy and the Cold War, not to mention a Civil Rights movement.
Of course, the economy is not the only problem we’re facing. Global warming and recently even terrorism is back on the rise, and our global status seems to have withered with Bush’s presidency. Obama faces serious problems at hand in the Oval Office, and has even said he does not expect the economic crisis to suddenly cease by his first stem. We must wait until January 20th before we make any major predictions. History seems to be taking a turn for the worst, but for now, patience seems to be the best answer.
Recent Comments