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The Obama economy is being watched closely since people are scared of the possible stock market crash. The economic crisis of historic proportion. New purchases are at the lowest level for a long time. Jobless claims filed are highest in 18 years.

The American economy could lose millions of jobs next year. President Elect said that leaders with sound judgment and fresh thinking are needed as there cannot be a thriving Wall Street without having a thriving main street.

Global crisis not just American crisis therefore the new Administration will reach out to other nations for collaborated efforts.