Economy may make or break Obama presidency

November 19, 10:29 AMBusiness ExaminerDarrell Proctor

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President-elect Barack Obama
will face some of the toughest
economic challenges of any
president when he takes office.

Several economic analysts have weighed in with their predictions - and opinions - about what President-elect Barack Obama should do first with regard to the economy and other issues after he takes office.

Kiplinger's Business Resource Center - always a good place to go for business insight - lists 10 moves it expects the new president to make to quickly establish his direction on an issue that could ultimately define his presidency (and certainly will occupy much of his first 100 days in office).

Several of those moves deal with the economy, including:

• A debt rescue package
• Mortgage policy to help struggling homeowners
• A board to help establish new financial regulations
• Oil and gas drilling
• Setting up a national energy council
• Children's health care
• A stimulus package

The "10 moves" piece follows on the heels of another Kiplinger's article that notes Obama will face the toughest economic challenges any president has seen in decades - including a national debt has more than doubled over the past eight years to more than $10 trillion.

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