Presidential Prognostication
Posted on November 10th, 2008 by Priya Ramesh »Permalink
What a difference a day makes. America will soon have a new President, to whom we offer our congratulations. Washington has begun preparations for the inauguration with all the pomp and circumstance that accompanies the country’s transition of power, and Americans across the land wait breathlessly for the latest on the Presidential Puppy.
Across the U.S., some are congratulating, others are celebrating, and many are wondering what this will all mean. It’s so reassuring that we can count on those in our own community to get right to important matters — what’s this going to mean for the US economy, the financial crisis, and corporations? What kind of regulation do we think an Obama administration will institute? And what are the best ideas for digging us out of this mess?
No one knows for sure, but there are lots of ideas out there. Former US Labor Secretary Robert Reich (and informal advisor to the President-Elect) is advocating a Big Bang infusion of government investing in infrastructure to get more Americans working — and thus boost the consumer demand that drives the economy. CFO ponders what the composition of the President-Elect’s economic team signals about his plans for various corporate finance issues, Compliance Week considers how investor activists are gearing up for an Obama administration, and WebCPA has the latest on how Major League Baseball might help players avoid a 2009 tax-hike by paying signing bonuses in 2008.