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T N Ninan: Change means pain

Published November 22, 2008, 4:52 am, Business Standard India

Is there unrealistic enthusiasm, and hope, generated by Barack Obama’s election as the next US president? Many people seem to think that he is “The One” (to quote Oprah Winfrey), that he will set right all the things that have gone wrong in George W Bush’s America.

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T N Ninan: Change means pain - Business Standard
The US today is dysfunctional in important ways. Its economy has grown in this decade by an annual average rate of about 3 per cent, which is exceptional for an economy of its size, but this has been achieved by piling up national and personal debt ...

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