Thursday, November 06, 2008

The Multi-Trillion Dollar Question about Obama

Obama has demonstrated exemplary skills at running a campaign. Obama has proven his ability to run an effective Presidential campaign. Just as Obama proved his ability to run a successful Senate campaign. Just as Obama proved his ability to run a successful campaign to become a legislator in the state of Illinois.

The campaign is over. Obama is now president-elect. There is no next campaign for Obama to pivot to; the President's office is not a springboard to another position up toe political food chain. Being president is about leadership. About governing. Voting "present" is not an option.

The multi-trillion dollar question about Obama is: can he govern?

Only in time will we learn of Obama's ability to govern. The stock market, however, excels at incorporating the future into current stock prices. On learning Obama is the president-elect, the stock market declined by more than 5%. The largest post presidential election stock market decline ever. Is the market prophetic? 

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