Showing posts from November 11, 2008

Obama walks a tight rope between change and continuity

Business Times - 12 Nov 2008 By LEON HADAR WASHINGTON CORRESPONDENT THE meeting between US President-elect Barack Obama and President George W Bush at the White House on Monday during which they talked about the economic and national-security problems is part of the ritual of the transition of power that takes place every four years. But at a time when America is confronting one of the most devastating economic crisis in recent memory and its military forces are engaged in two major wars, in Iraq and Afghanistan - three wars if you add the war on terrorism to the list - the handing of the nation's top leadership position from a failed and controversial president to a one who promises to mount dramatic changes in US domestic and foreign policies acquires a historic significance. Indeed, historians compare the passing of the presidential torch from Mr Bush to Mr Obama to another important change that took place when Republican president Herbert Hoover lost the election to Democratic