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Wednesday, November 26, 2008

Obama Set For Third Press Conference In A Row

Obama's announcement of a independent economics team to advise him on job growth and handling the crisis might be the gift of the day from the point of view of affecting Wall Street.

It is clear that Obama although not technically the president has completely usurped Bush on the economy. This is an excellent development. The man is literally working to affect markets, this is a Christmas present. In the face of this ongoing and deepening crisis, Obama is so far the silver lining. Could we imagine Palin - McCain in this proactive role. I don't think so.

Perhaps the market will close on Wednesday in the green after all. Hope springs eternal...

Yahoo: Obama to name board of economic advisers
President-elect Barack Obama is naming a board of economic experts outside government to advise him on ways to create jobs and bring stability to the ailing financial system.

Obama was expected to introduce members of the advisory board Wednesday at a news conference, his third in as many days as Americans moved into the long Thanksgiving weekend. It was a remarkable burst of public activity for Obama, who has sought to assure nervous consumers and financial markets that he will bring swift economic relief as president.

3 comments:

Glynn Kalara said...

I agree. Obama sees the power vac. is sucking the life out of the economy right in front of everyone's face. People need too know that someone with a brain is in charge again. He really has no choice @ this pt. BV$H is and has always been clueless and his gang are just robbing us blind on the way out the door.
It's like an airplane going down and the pilot is doesn't know how too fly and has been autopilot for 8 yrs. O is grabbing the wheel and he's trying to pull us up out of our death spiral. Good for him!

Jim Sande said...

Lo and behold, the market is responding positively as well. After this week, it will be hard for anyone to listen to anything on the economy from Bush. He's got nothing. The interesting aspect to this is that the right has nothing as well. At this point they are clueless. This is a good moment because for a while the right has no viable voice, people are responding well to Obama's leadership.

Glynn Kalara said...

People realize he's in charge now. We don't have time too waste now. Someone had to grab the wheel of the ship of state. BRAVO OBAMA!!