SMRs and AMRs

Sunday, October 19, 2008

Arduous Transition Awaits Next President

Inherited Problems Bring Crushing Pressure
By Michael D. Shear, Michael Abramowitz, Anne E. Kornblut and Shailagh Murray
Washington Post Staff Writers
Sunday, October 19, 2008

If Sen. Barack Obama wakes up as the president-elect on Nov. 5, he will immediately assume responsibility for fixing a shredded economy while the Bush administration is still in office. If Sen. John McCain wins the election, he will face an imminent confrontation over spending with a Democratic Congress called back into special session with the goal of passing a new economic stimulus package.

Either way, the 77-day period between Election Day and Inauguration Day, traditionally known simply as the transition, is sure to present difficult challenges to a new president buffeted by intense forces, political and economic, without any chance to recover from the long and bruising campaign.

The challenge of putting the country back on a sound financial track has altered what under the best of circumstances would have been a frenzied period spent forming a new government. Instead, Obama or McCain will be forced to assemble a new administration even as he helps shape policies to ward off further declines in the economy.

(Continued here.)

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