Word: baracks
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...Barack Obama's appointment of Berkeley professor Christina D. Romer as chairwoman of the Council of Economic Advisors is consistent with this orientation, as she is an expert on the Great Depression and may lend support to the unwarranted focus on the Depression. Indeed, Romer has supported the Fed's current monetary policy because she sees parallels with earlier financial panics. (See who's in President-elect Obama's White House...
...surprisingly, as economic conditions worsened in 2008, NAFTA became a hot issue during the U.S. Presidential campaign again. Democratic candidates Senators Hillary Clinton - whose husband signed the treaty in 1993 - and Barack Obama both blamed NAFTA for lost American manufacturing jobs and suggested that terms might be renegotiated to include higher labor and environmental standards. The idea would be to stem the "race to the bottom" among companies seeking the cheapest costs of doing business, ultimately encouraging them to keep jobs in place...
President-elect Barack Obama has repeatedly said the Iraqi government must dip deeper into its own coffers to finance the country's reconstruction projects. To date, American taxpayers have shelled out some $50 billion, according to the most recent quarterly U.S. congressional report. The Iraqi government has matched that. Still, the reconstruction of Iraq is not simply a question of who foots the bill or which companies get the contracts. Iraq's rebuilding efforts are being hamstrung by sclerotic administrative procedures that are in desperate need of modernization, after decades of inefficient centralized control, corruption, cronyism, wars and sanctions...
...Gaza was not how Israel was supposed to appear on the strategic agenda of Barack Obama when he takes office in January. Its leaders had hoped to keep the Israeli-Palestinian conflict on the back burner of the new Administration, which Israel hopes will make Iran's nuclear program its overriding priority in the Middle East. Instead, the weekend bloodbath in Gaza - the deadliest since Israel occupied the territory in 1967 - casts the Israeli-Palestinian conflict as an urgent crisis demanding a response from Washington. It also highlights the failure of the Bush Administration's and Israel's policies...
...when he sits down at his desk in the Oval Office in January, President Barack Obama will be confronted with compelling evidence of the failure of the Bush Administration's and Israel's policy on Hamas rule in Gaza - with an urgency to bring fresh ideas to the table...