The Daily Gist: With Ben Istiphan

Other than the fact that an African American was elected President, what other story  in 2008 is worthy of recognition? It seems like every year we tend to focus our attention on the events that fuel optimism, while overlooking the stories that are eerie and pessimistic, yet just as important. I would say that the economic downturn and the wall street bailout fit the description of the ladder very well.

To see a black President is astonishing, but to also hear the word depression, whether America is in one or not, is a rarity. However, to judge these two events seperate from one another in the coming years will be nearly impossible. Obama’s legacy will be defined by how he manages the economy, and the recovery or the collapse of the market will depend upon his economic decisions. Simply put, Obama and the economy will be synonymous with each other. If Obama in the White House isn’t enough optimism, let me add that 2008 also marked the last full year of Bush in Office. At least we have something to look forward to as we ring in the new year.