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Of course winning the White House is a huge triumph but it seems this time around the office comes with a bit more baggage than usual.
Issues of national security, energy independence and health care are vexing, but little seems as daunting as the economy and the financial crisis facing our nation.
As you well know, consumers and businesses are sharply reducing their spending and the government is awash in red ink.
"President-elect Obama inherits an economy that is in recession and...is likely to get worse before it gets better," said Stuart Hoffman, chief economist for PNC Financial Services.
On Wednesday there was word that private employers cut a larger-than-expected 157,000 jobs in October, On Friday, the government is expected to report 200,000 jobs were lost in October, bringing the total this year to nearly 1 million.
And that leads to our Fast Money Reader Poll. Do you feel more optimistic about the economy now that Barack Obama has been elected president?
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- Web Extra: The Best Trades In Tech
- Pops & Drops: UPS, Electronic Arts...
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- The Return of Dividend Investing?
- Should You Believe in this Rally?
- Trading in this Technicals-Driven Market
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CNBC.com with wires
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