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Marvin Zonis - Challenges for President Obama
The document discusses the severe challenges facing President Obama in March 2009 due to a spiraling global economic crisis, highlighted by alarming statistics from various countries on industrial production, exports, and housing sales. It addresses widespread feelings of humiliation and mistrust across different demographics as unemployment rises, alongside a notable decline in consumer spending and economic mobility. The piece underscores the urgent need for strategic action to restore faith in U.S. economic leadership and to navigate both national and international crises effectively.
