President Obama managed to get a decent economic stimulus bill through Congress, despite nearly wall-to-wall Republican opposition. However, this victory was easy compared to the challenges that await the president and the country. There are three big ones: passing a second round of economic stimulus spending by late spring; stopping the epidemic of home foreclosures; and getting the banking system functioning again.
If Obama were being graded on these three challenges, he'd get an B-plus on the first stimulus package,...
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