Monday, November 24, 2008

Obama - First Press Conference

Very impressive.

  • -Clean grasp of the multi-faceted problem (even talked about doing more than one thing at a time).
  • -Handled long-term and short-term aspects of economic stimulus with alacrity
  • -Daily briefings - perhaps indicates a markets orientation right at the top
  • -"In charge" - no wandering or pushing off to advisers on basic structure, goals or intent of policy
  • -Stimulus will be almost first act as President and will include changes to various processes of government
  • -Bailouts for Detroit will be as "sound" as practicable

In fact, the only detraction perhaps was the characterization that Americans have pride in their auto industry. I think we are finding out, from the polls, that is about 50/50.

Christina Romer is an impressive grab. Can you imagine an afternoon with Summers, Romer, and, say, Doris Kearns Goodwin in the Oval office? It seems like we can sleep a little easier than during the Bush Administration, at a minimum.

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