Politico reports on a Sunday New York Times panel, where reporters had nothing but bad news for President-elect Barack Obama:
White House reporters for The New York Times predict that the market collapse will force President-elect Barack Obama to abandon for now many of his campaign promises.
If his stimulus plan "doesn't work out, he may very well be a one-term president," said Jeff Zeleny, who covered Obama's campaign. "It's hard to imagine that he could be reelected if the economy's in the exact same position four years from now."
Another reporter, Peter Baker, went on to say that Obama would have to give up fulfilling promises of universal health care and carbon emissions caps this year because of the economy.