Obama wins, Bush stays in office

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Sen. Barack Obama duly won a landslide victory in yesterday’s US Presidential election, but will not take office until 20 January.

I suggested last month in ICB, that “this delay, at such a critical moment, is not good news for chemical companies or for their customers”.

The blog therefore congratulates the new President, and expresses its hope that he will find a way to move forward on tackling the key economic issues. 11 weeks would be a long time for a policy vacuum to exist on these at the heart of Washington DC.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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