Today, history has been made. Barack Obama officially became the 44th president of the United States of America. In his inauguration speech he clearly points out that the country is in a recession and hard times must be faced. He stated various issues his administration is about to change and appealed to the people to not give up hope and get to work.
We will see what effects President Obama will have on the U.S. economy in a manner of time. The challenges America has to face for the next few years have to be met fast and precisely. As an investor you should now follow the news about significant changes the Obama administration is about to introduce, be it in health care or renewable energies. There will be companies which will clearly benefit from his presidency.
Barack Obama’s Inauguration Speech
You can read the full text of Barack Obama’s speech given before nearly two million watchers on Washington’s National Mall on the website of the Chicago Tribune. A short extract may be given here:
U.S. President Barack Obama:
“Today, I say to you that the challenges we face are real. They are serious and they are many. They will not be met easily or in a short span of time. But know this, America–they will be met.
On this day, we gather because we have chosen hope over fear, unity of purpose over conflict and discord.
On this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and worn-out dogmas, that for far too long have strangled our politics.”