Events are unfolding or unraveling so quickly that even the morning’s newspapers are largely outdated by the time I sit down at my desk. Given that, the period between Election Day, the first Tuesday of November, and January 20th, Inauguration Day, worries me. The typical presidential transition requires eleven weeks. That feels like a lifetime given today’s rapidly changing financial crisis.
President Bush must be concerned as well since last week he signed a new executive order detailing how his administration will handle the up-coming transition. Similar executive orders have been signed by past Lame Duck administrations but normally not until after Election Day. Both candidates’ transition teams are working to get up to speed on everything from absorbing existing policies in dozens of areas, the free-fall in the financial markets and the handling of two very active war zones. (more…)