Obama Mania

At last we have got a new American president who understands the issues and problems. The whole world is looking at him, as a panacea for all the financial excesses done for years!!
But Obama, is a person who is cut and dried for such a herculean job. He has pin pointed the exact problems of US, namely the housing market, auto and the health sector which is also in shambles. He understands the problems of the 'average' man, and is not only focussed on Wall Street.
But he can do, only as much as one can do humanly.... On monetary side, the interest rates are already made zero by Bush Administration, so he does not have much to do anyways!!
He only has the famous fiscal packages which reminds of the packages we typically have of a war ravaged country like Japan, and Germany after World War II. It only talks of one thing which is uppermost in his mind.. savings jobs by giving employment to build infrastructure in US!!
Housing and credit will fall in place if jobs are saved.
But one more thing I like is his emphasis on clean energy. There is going to be huge investment there and it will be good for the globe. But think about it in a political way.. if US has abundant clean energy in the years to come, they do not have to depend on Saudis and OPEC for oil!!! It will break the domination of Gulf countries.
The stone age did not end due to lack on stones, so may be the case with conventional fuels. Think about it, it can be a masterstoke for all future times.
Job creation and outsourcing does not go hand in hand. So the whole model, that India may gain out of US recession in the outsourcing world, seems to be flawed.
Two more things which comes out clearly for the next few years is that the world will have more and more regulations ( finanacial and otherwise) and the other is US will be be more protectionist than it has ever been.
Hope I am wrong in the latter, as that will be bad news for India and China.