Left-leaning talking heads and op-ed writers are banging the drum for Obama to take the reins of government ahead of the constitutionally mandated date for the presidential transition. On the other side of the political spectrum, there are silly claims of the "Obama recession."
Neither of the foregoing persons possess much beyond a remedial understanding of the current financial crisis, if fact listening to them opine on these matters is painful. Talk about being out of their collective depth, most of these folks most readily resemble Sarah Palin's rambling, nonsensical blather when they seek to characterize what's going on.
I argue that it is prudent for President-elect Obama move .cautiously. This crisis is dynamic. As the current administration's efforts have evidenced, today's "solution" may be next week's folly. The US (and the world's) economy is trodding virgin territory. Some of what will happen is beyond the control of government. Better to move slowly and prudently, than respond as ifin campaign mode. The next administration needs to guard its credibility fiendishly with regard to our present circumstances. A rapid response methodology is the polar opposite of what current circumstances demand. Careful, thoughtful and to extent practicable, consistent economic messages are imperative to allow world markets to heal.