We have now discovered who our next head commander is. Congratulations, Mr. Obama on becoming America’s 44th President of the United States of America. Your endurance through the 22-month campaign is highly admirable. However, your journey has just begun. You have been chosen to become the decision maker for all Americans to resolve the major issues in our economy. First and foremost, the financial system and the faltering economy must be stabilized and we understand that you have proposed a number of different stimulus packages in recent weeks regarding this matter. Your plans to temporarily exempt seniors from having to make annual withdrawals from their IRAs and 401 (k)s after the age of 70 ½ and to temporarily exempt the unemployed from having to pay tax on their unemployment benefits will most likely have you score on both sides. Nevertheless, the biggest focus should be on keeping the bank bailout/credit repair that started on track, reduce real estate foreclosures and change the position of financial regulation. To sum up, you have all your objectives laid out for you, Mr. President-Elect.
