Life

Expert view: The size of Obama’s challenge

November 13, 2008 12:20

By

Elissa Bayer

1 min read

The victory on Nov-ember 4 of Senator Barack Obama set off a fanfare of extraordinary rhetoric all over the world.

The commentary has not stopped and clearly it is an overwhelming achievement but - and it is a big but - what happens next?

The US stock market allowed him no honeymoon at all and despite the Bank of England reducing interest rates by an unprecedented 1.5 per cent, the UK and European markets continued to move down.

How much room for manoeuvre does the incoming President have, and how can he help to bolster the American economy? He clearly realises that expectations run high but he has been planning this for some time and his choice of advisers is interesting and seemingly all about the best person for the job.

To get more from Life, click here to sign up for our free Life newsletter.

Support the world’s oldest Jewish newspaper