It sure began all right...with a stock market surprise. With a stock market surprise. Or as Al Goldman, chief market strategist at Wachovia Securities in St. Louis said "The celebration is over. Today we saw a bit of reality. President-elect Obama is coming into a situation with limited experience, having to handle an economy in serious trouble, a couple of wars and terrorism. It's an extremely tough job."
It all began with the Dow Jones industrials falling nearly 500 points and all the major indexes tumbling more than 5 percent.
Reality will hit home fast. Even the liberal Associated Press made the following claim in a piece yesterday..."Still, the new president — untested in foreign affairs — faces what may be the most unsettled global scene since the 1930s and '40s." While foreign leaders may or may not choose to test Obama, "the one thing I'm sure of is, events will test him, there will be coups. . . . There will be genocide. . . . There will be terrorism." Richard Haass , the president of the Council on Foreign Relations.
And he ain't even sworn in yet.....
No comments:
Post a Comment