Professor Paul Palley's
          Economics Seminars

Here is a link to a terrific article in the New Yorker about Ben Bernanke and the financial crisis in 2008: http://www.newyorker.com/reporting/2008/12/01/081201fa_fact_cassidy

The day after this election is a time for excitement or disappointment depending on your point of view. Still there are really important issues to contend with, and the problems facing the economy the day after the election are daunting. The financial crisis and the economic recession are significant problems facing the economy. Other issues include the government budget and trade deficits, the wars, the need for significant investments in infrastructure and education, efforts to develop new alternative forms of energy, regulatory reform, and health care. Addressing these issues will require trade-offs and sacrifices. Indeed, whatever course we take, the economy will be impacted by these decisions.

Given this, it was not surprising to see that there were a number of articles about what the new President needs to address related to the economy. Here are list of some of these articles I recommend and I would encourage you to view these as just a start. One good summary of key issues appeared in CNNMoney.com. The link for this article is: http://money.cnn.com/2008/11/05/news/economy/Obama_economic_to_do_list/index.htm?postversion=2008110507. Another article on the same site focused on similar issues: http://money.cnn.com/2008/11/05/markets/thebuzz/index.htm?postversion=2008110512.

There was another article in the Wall Street Journal that gives a brief summary of issues to watch: http://blogs.wsj.com/economics/2008/11/05/economists-react-obama-election-makes-08-reverse-of-80/. As our investments are always a concern we often look to the stock market. The results of the election were fully anticipated by the stock market. Instead the market looked at the fundamentals which is that the economy is in a recession (http://money.cnn.com/2008/11/05/markets/markets_newyork/index.htm?postversion=2008110515).

I encourage you to read more about the economy, and the economic policies of Barack Obama.