One Tough Job (Business‪)‬

The New York Times The dismal state of the economy helped decide Tuesday's presidential election. And it almost certainly will dominate the early days of the Obama administration. n Few presidents have entered office with an economy in such turmoil. Reflecting worries that the worst might not be over, stock markets continue to languish. n But even before President-elect Barack Obama takes the oath of office, Democrats are likely to push his agenda with urgency, because the economy otherwise could worsen quickly - complicating the task ahead. "The cost of allowing an economy to flounder is very high in lost output and rising unemployment," said James Glassman, chief domestic economist at JPMorgan Chase & Co. n Here are some of the issues economists say will test the new administration and how it might address them. ECONOMIC STIMULUS: QUICK ACTION LIKELY