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Real Estate Blog & Resources

For Obama, Rare Chance for Bold Start on Big Task

President-elect Barack Obama is well on his way to finding the silver lining in the economic storm he is inheriting. The two-year, $825 billion economic recovery plan taking shape in Congress includes billions of dollars for renewable energy and a national electricity grid to distribute it, lower taxes for all Americans but the affluent, computerized medical records and modernized schools. These are all down payments on Mr. Obama’s ambitious campaign promises, affording him an opportunity few new presidents have had. Not since Franklin D. Roosevelt at the depths of the Great Depression has a president entered office with a bipartisan green light to spend and cut taxes so much.