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Tue 11 Nov 2008Obama needs time to rescue US economy
OPINION: First in series:America is facing enormous challenges. The solutions will be painful and will require years to bring to fruition, writes Jeffrey Sachs
FOUR YEARS will soon seem like a very short time to president-elect Barack Obama. He has inherited a long-term economic and environmental mess with no short-term fixes. Many of the changes needed in the US will be painful, and will require years to bring to fruition. Mid-term congressional elections will loom in 2010, just around the political corner. If history is any guide, the Democratic Party will give up some of its recent gains at that point.
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