President-elect Barack Obama, starting in January, most certainly has his work cut out for him. With experts calling good economic news between now and then unlikely, it will fall upon his shoulders to deliver this country from turmoil. He will be inaugurated in the wake of the worst financial crisis in seven decades, and in the midst of a housing slump that just won’t seem to go away. In the meantime, the government plans to execute the sale of $55 billion in bonds, as well as bringing back its three-year notes in a massive borrowing effort to cover extreme financial rescue expenses. No matter how you slice it, Obama now holds the key to unlocking America’s former fiscal strength, and hopefully, the formula for an even greater future.
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