By LOREN STEFFY Copyright 2008 Houston Chronicle
One word, nestled amid the eloquence of Barack Obama’s victory speech, lingered long after the cheers subsided.
Sacrifice.
It’s a word too long absent from the political discourse, one that speaks to the change that Obama claims his presidency will represent.
We cannot fix our finances without it. We can’t address our foreign oil dependence without it. We can’t repair our broken health care system without it.
We can’t simply shop our way through the crisis, and we can no longer afford to delude ourselves into thinking we can.
Tuesday’s election was about many things, but fundamentally it was about the economy.
On the cusp of Obama’s victory, the stock market rose more than on any previous Election Day, but a day later it turned in its worst post-election drop.
The Obama presidency faces the worst stock, bond and commodity markets in three decades. Even strong performers such as oil companies are now facing the prospect of weaker earnings because of lower commodity prices.
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http://www.chron.com/disp/story.mpl/hotstories/6099726.html