After Barack Obama was proclaimed the 44th President of the United States, the economy looked like it was rebounding. At least for a day that is. Well it did, but similar to some developments in the past such as the approval of the financial bailout issue, stocks only improved for over a day. After that, everything went back to normal as most people were trying to think of a way to help the faltering economies of today.
Apparently it takes more than politics and intervention to help address these crazy business issues. While many of us are expecting the economy to pick up, investors and businesses are bound to wait and see what can possibly happen before making their moves. A new president is good news but Obama still has to prove he is worth the votes and trust.
Campaigning is one thing but putting promises into action is another. Many believe Barack Obama can help improve the economy of the US and once he does, the whole world will follow. But we have to wait for 73 days for that to happen, since that will officially be his first day at the White House.
So until that happens, the world is waiting. Is Obama worth all the hype? Can he change the fortunes? He can do only so much. But aside from the first Black President, it will take a lot of confidence as far as investors are concerned. Money has to come out of the pockets and that is one thing Obama has to think of together with trends governing us today.
Originally posted on November 7, 2008 @ 1:01 am