Not to put too fine a point on it, but Obama, along with bailing out the American middle class, winning two wars, fixing health care, and solving global warming, is also expected to "save capitalism."
That's the word from Newsweek:
"While there has been much elation over Obama's election, there remains a deep pessimism across the country that is having adverse effects on the economy. People and corporations are still not doing much by way of buying, borrowing or lending —the heartbeats of modern capitalism. The political system has moved on to the automobile bailouts and the fiscal stimulus, but the original problem of trust in the financial system has still not been fixed. "Credit markets are still fundamentally broken," says David Swensen, chief investment officer of Yale University.
How to restore confidence? It's not as easy as it sounds..."
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Comment removed.
That's because in the eyes of the media he can do no wrong. He is truly treated like the "messiah" of the western world. What they are also trying to do is set the bar ultra low so that no matter what he will be viewed as successful.— olneymike
"It's not as easy as it sounds..." The media is definitely in "lower the expectations" mode, but I for one will accept no excuses. Obama has to fully live up to the campaign hype starting on 1/20/09. As far as I'm concerned Obama owns it all, good and bad, beyond that point.— jmc- Hey guys, maybe its because Obama is not BUSH! The same way Reagan was not Carter!— dowens1617
- It's basic. It's always better to progress than conserve. If you are conserving, you are depleting resources while waiting to fail. If you progress, you advance. Deal with it right-wing.— HandNik
You "progressives" keep "progressing" like lemmings to the cliff. I'll be back here "conserving" my energy. Remember, it's always better to progress than to conserve. Don't think, follow the herd.— rudytbone- You "progressives" keep "progressing" like lemmings to the cliff. I'll be back here "conserving" my energy. Remember, it's always better to progress than to conserve. Don't think, follow the herd.— rudytbone
- You "progressives" keep "progressing" like lemmings to the cliff. I'll be back here "conserving" my energy. Remember, it's always better to progress than to conserve. Don't think, follow the herd.— rudytbone
The Inauguration: Jan. 20 blog brings you coverage of President-elect Barack Obama's transition into office.
It's written by political journalists from the Philadelphia Inquirer. Send us your comments -- and news tips -- at this address.
Thomas Fitzgerald joined The Philadelphia Inquirer in 2000, and has covered Harrisburg as well as city, state and national politics for the newspaper. He was a “boy on the bus” in the 2004 presidential campaign and during primary contests in 2000 and 1996.
Nathan Gorenstein has covered politics and government in the city, state and nation for the Inquirer. He's worked in the city hall bureau, had a stint on the business desk, and once covered the suburbs. After serving as assistant regional editor, he was named editor of the "Politics" web site.
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