Obamanomics

After reading my classmate's blog, I agree that Obama has a huge crisis to deal with. This is the best time for the new President-elect Obama to establish his credibility and develop a prosperous plan that will awaken the American and global economy. Also, there are other presidents have faced economic challenges, such as Roosevelt, Truman, and Reagan. Our main focus is the economy because that affects the circulation of money, the base value of money, the abundance of money, and the portion that comes our way. With the recent economic activity, our markets are fluctuating and our citizens are devastated by the mere thought of another depression. At the same time, Obama can capitalize on the current economic crisis to exert his capability to handle the duties of office. Obama might even win re-election if he can solve the current economic crisis because Truman and Roosevelt held office the following term, except Reagan resigned due to the Watergate incidence. This first step will determine how effective Obama will be.