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President-elect Barack Obama is set to take office as America\u2019s next president on January 20, 2009. Surrounding his inauguration in 2 weeks there seems to be a large amount of optimism as he unveils his ambitions for America\u2019s future. This comes about as the outgoing U.S. President, George W. Bush, has become increasingly unpopular.\u00a0 President-elect Barack Obama is set to take office as America\u2019s next president on January 20, 2009. Surrounding his inauguration in 2 weeks there seems to be a large amount of optimism as he unveils his ambitions for America\u2019s future. This comes a…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23700","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23700"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23700\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n<\/span>Obama has raised many people\u2019s hopes since his landslide election victory 2 months ago, as he unveiled one of the largest stimulus plans in U.S. history. He plans to spend nearly $800 billion over a 2 year period in order to create millions of new jobs and stimulate the U.S. out of recession.
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\nOn one hand, leaders in Europe and the around the world are optimistic as they see that Obama\u2019s approach to economics and politics is closer to theirs than Bush\u2019s. On the other hand, Obama\u2019s reforms can only be judged as economic events unfold throughout his presidency.
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\nThe recent economic stimulus program that has been predominantly injected into banks has temporarily stabilized the Dollar and helped lead to rallies in the U.S. stock market. However, Obama will need to be more creative than Bush, because only a social revolution like Franklin Roosevelt\u2019s may restore America as the undisputed economic superpower.
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\nObama continues his rhetoric that things will get worse before they get better. The question therefore is can Obama shorten the recession and help the U.S. economy rebound by the 3rd quarter of 2009?<\/p>\n","protected":false},"excerpt":{"rendered":"