The speech today by President Obama touched all the right bases and provided a clear break from the past. He did what he had to do. And, he was gracious towards President Bush, going so far as to exchange a hug. The Rainmaker rating is 10 on a scale of 10.
Although the markets did close substantially lower; indicating continued skepticism of the new administration in the financial community. The rest of America and the world seems inclined to give the new President a chance.
President Obama enters the new term burdened by unreasonably high expectations and approval ratings. Although he has obviously attempted to lower expectations and urge caution, the majority of people seem to expect miracles. Miracles are unlikely and President Obama will no doubt suffer as time passes.
Nevertheless, the President clearly demonstrated today that he can talk the talk. Hopefully he will now show us he can also walk the walk.
For all or our sakes, let us wish the President success.
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