President Obama's First Step: Reset Expectations

There is one important bullet item missing from this article... continuing to keep this country safe from terrorists. Say what you want about Bush, but this country has been safe because of his policies. I do not feel safe with the new regime. Mark my words, we will be tested and it will be sooner then later.

Well we now have a far left liberal (maybe socialist) president and a democrat controlled congress. Can we all remember back about 32 years with a president named Carter.

YES WE ARE IN ECONOMIC MESS IF IT IS CORPORATION IT IS ABOUT TO COLLAPSE.....TRILLIONS OF DEBTS....THE QUESTION IS...WHOSE FAULT IT IS.....IS IT OBAMA OR THE FORMER CEO.....

He and the democrats could turn the housing market around over-night by eliminating the prohibitions, penalties, and taxes on using your IRA to purchase real estate. The ensuing bull market in real estate would make the last one look like a walk in the park.

He will probably make the economy worse via a new new deal, and rightly deserve the blame for it in four years. FDR is credited as saving the economy, but reality is that after 8 years of his new deal we still had recession/depression. Leys hope that it does not end with war this time, though.

November 4th 2008, a date which will live in infamy, the United States elected as president one of the most disgraceful politicians of all time.

this is the hard reality no matter who is in the office

I am sticking to my guns and religion........

Politics as usual and I expect the same big let down when nothing really changes. At some point people will figure out that change cannot happen by doing the same old thing with the same old crowd.

What? Low Interest rates will get us out of this pickle. GM's Hybrid cars coming out this Christmas will lower oil prices and raise GM production and profits and jobs. Low oil prices, lower inflation, lower interest rates.

Definitely the former CEO who was a drunk that got elected by the good old boys.

You voted for him so I don't want to hear your whining.

How long we he be able to blame the former CEO. The american people have a pretty short memory and high expections.

"THE QUESTION IS...WHOSE FAULT IT IS.....IS IT OBAMA OR THE FORMER CEO....." Since the mess started with the Community Reinvestment Act, low interest rates, the encouragement of ARMs by the Fed, the elimination of down payment or income requirements for borrowers, and a refusal by the Fed to regulate mortgage-based financing instruments, all of which preceded the tenure of the former CEO, the answer is clearly "neither."

standby for the depression

Obama has no clue, and should get informed before he makes any promises, whether lowering or raising expectations. He has no experience and needs to meet with many people before he should have any opinion on the financial crisis. As far as security, you should have voted for McCain. Yes, Carter started the ball rolling with lack of respect for our will to defend our interests, and it took Reagan to restore it. Hopefully we wont backslide, but I doubt it.

There we go now all the ignorant people that believed his lies, will hear the truth from him. He already stated weeks ago that he had made promises that were above reason. at least I can always say I Voted McCain

Lotta Tards, the worst thing is, the majority of people actually believed what you said.

It wasn't that long ago, 3+/- months, that both Bush and McCain were saying that things were going to be ok and that the financial system was strong. It takes someone with guts to tell it like it is and not sugarcoat everything so that you stay popular. Obama is the right leader for this period. Much like Kennedy was.

So what you're saying is that as a candidate I can make promises that I don't have to realize immediately once I've won despite not stating the consequences during the campaign (but am allowed to state that it may take awhile during my victory speech)? I agree with MaryAnne on the missing bullet. Also Americans in general have short term memories and look for quick fixes (a quarter on Wall St.) and limited long term perseverance (e.g. the Iraq War). If what the author states becomes reality, Obama will be one and done.