President Bush leaves office amidst the greatest economic calamity in several generations, perhaps ever. The federal budget deficit is poised to triple last year's record $400 billion, rising to a projected $1.2 trillion, perhaps far more. Trillions too have been added to the national debt by a desperate Bush administration and craven Congress, most to bail out America's corporate and financial oligarchs.
According to Henry Kissinger, the various political and economic crises currently conflicting the world offer President-elect Barack Obama an opportunity to create a "new world order." That's what the former Secretary of State told CNBC's Mark Haines in a January 5 interview from the busy floor of the New York Stock Exchange.
On January 5, the nation's new media learned that President-elect Barack Obama would nominate former congressman and Clinton administration official Leon Panetta as the next director of the Central Intelligence Agency. Obama's choice reportedly caught some veteran Democratic senators who had not been briefed of the decision off-guard, and some voiced their skepticism that that Bill Clinton's former chief of staff and director of the Office of Management and Budget possessed sufficient experience in the intelligence field to handle the job.
ITEM: The Chicago Sun-Times reported on December 8: "As gun sales shoot up around the country, President-elect Barack Obama said Sunday that gun-owning Americans do not need to rush out and stock up before he is sworn in next month. 'I believe in common-sense gun safety laws, and I believe in the second amendment,' Obama said at a news conference. 'Lawful gun owners have nothing to fear. I said that throughout the campaign. I haven't indicated anything different during the transition. I think people can take me at my word.'"
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