Obama Faces Heady Challenges, and They're Growing
President elect Obama faces huge problems as soon as he takes office; at home and world wide. He is no doubt intelligent and talented byt still this mess wlll take years to correct.
President-elect Barack Obama, relatively young and inexperienced, is facing a rapidly growing list of monumental challenges as he prepares to take the reins of a nation in turmoil.
"I do not underestimate the enormity of the task that lies ahead," Obama said after his historic election a little more than a month ago.
It was a sobering assessment at the time, but the country's problems have only worsened since then. Now, Obama sounds dire, particularly as he talks about the economy: "We're in an emergency."
He spoke during a week in which Congress killed a bailout of the failing auto industry, the government reported that jobless claims spiked to their highest levels in more than a quarter-century, and the Treasury Department said the nation registered a record federal budget deficit for November.