Since winning the US presidential election, Barack Obama has been assembling a team to help him govern.
No-one has yet been officially appointed to the new cabinet and many remain subject to vetting and Senate confirmation before taking office.
Here are some of the key people Mr Obama has chosen or is said to be considering:
Treasury Secretary: Timothy Geithner
Head of National Economic Council: Lawrence Summers
Secretary of State: Hillary Clinton
Homeland Security Secretary: Janet Napolitano
By George Friedman
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After a three-month hiatus, Iran seems set to re-emerge near the top of the U.S. agenda. Last week, the Iranian government congratulated U.S. President-elect Barack Obama on his Nov. 4 electoral victory. This marks the first time since the Iranian Revolution that such greetings have been sent.
While it seems trivial, the gesture is quite significant. It represents a diplomatic way for the Iranians to announce that they regard Obama’s election as offering a potential breakthrough in 30 years of U.S. relations with Iran. At his press conference, Obama said he does not yet have a response to the congratulatory message, and reiterated that he opposes Iran’s nuclear program and its support for terrorism. The Iranians returned to criticizing Obama after this, but without their usual passion.
The warming of U.S.-Iranian relations did not begin with Obama’s election; it began with the Russo-Georgian War. In the weeks and months prior to the August war, the United States had steadily increased tensions with Iran. This process proceeded along two tracks.
On one track, the United States pressed its fellow permanent members of the U.N. Security Council (Russia, China, France and the United Kingdom) and Germany to join Washington in imposing additional sanctions on Iran. U.S. Undersecretary for Political Affairs William J. Burns joined a July 19 meeting between EU foreign policy adviser Javier Solana and Iranian national security chief Saeed Jalili, which was read as a thaw in the American position on Iran. The Iranian response was ambiguous, which is a polite way of saying that Tehran wouldn’t commit to anything. The Iranians were given two weeks after the meeting to provide an answer or face new sanctions.
A second track consisted of intensified signals of potential U.S. military action. Recall the carefully leaked report published in The New York Times on June 20 regarding Israeli preparations for airstrikes against Iran. According to U.S. — not Israeli — sources, the Israeli air force rehearsed for an attack on Iran by carrying out a simulated attack over Greece and the eastern Mediterranean Sea involving more than 100 aircraft.
At the same time, reports circulated about Israeli planes using U.S. airfields in Iraq in preparation for an attack on Iran. The markets and oil prices — at a high in late July and early August — were twitching with reports of a potential blockade of Iranian ports, while the Internet was filled with lurid reports of a fleet of American and French ships on its way to carry out the blockade.
The temperature in U.S.-Iranian relations was surging, at least publicly. Then Russia and Georgia went to war, and Iran suddenly dropped off the U.S. radar screen. Washington went quiet on the entire Iranian matter, and the Israelis declared that Iran was two to five years from developing a nuclear device (as opposed to a deliverable weapon), reducing the probability of an Israeli airstrike. From Washington’s point of view, the bottom fell out of U.S. policy on Iran when the Russians and Georgians opened fire on each other.
There were two reasons for this.
First, Washington had no intention of actually carrying out airstrikes against Iran. The United States was far too tied down in other areas to do that. Nor did the Israelis intend to attack. The military obstacles to what promised to be a multiday conventional strike against Iranian targets more than a thousand miles away were more than a little daunting. Nevertheless, generating that threat of such a strike suited U.S. diplomacy. Washington wanted not only to make Iran feel threatened, but also to increase Tehran’s isolation by forging the U.N. Security Council members and Germany into a solid bloc imposing increasingly painful sanctions on Iran.
Once the Russo-Georgian War broke out, however, and the United States sided publicly and vigorously with Georgia, the chances of the Russians participating in such sanctions against Iran dissolved. As the Russians rejected the idea of increased sanctions, so did the Chinese. If the Russians and Chinese weren’t prepared to participate in sanctions, no sanctions were possible, because the Iranians could get whatever they needed from these two countries.
The second reason was more important. As U.S.-Russian relations deteriorated, each side looked for levers to control the other. For the Russians, one of the best levers with the Americans was the threat of selling weapons to Iran. From the U.S. point of view, not only would weapon sales to Iran make it more difficult to attack Iran, but the weapons would find their way to Hezbollah and other undesirable players. The United States did not want the Russians selling weapons, but the Russians were being unpredictable. Therefore, while the Russians had the potential to offer Iran weapons, the United States wanted to reduce Iran’s incentive for accepting those weapons.
The Iranians have a long history with the Russians, including the occupation of northern Iran by Russia during World War II. The Russians are close to Iran, and the Americans are far away. Tehran’s desire to get closer to the Russians is therefore limited, although under pressure Iran would certainly purchase weapons from Russia, just as it has purchased nuclear technology in the past. With the purchase of advanced weapons would come Russian advisers — something that might not be to Iran’s liking unless it were absolutely necessary.
The United States did not want to give Iran a motive for closing an arms deal with Russia, leaving aside the question of whether the Russian threat to sell weapons was anything more than a bargaining chip with the Americans. With Washington rhetorically pounding Russia, pounding Iran at the same time made no sense. For one thing, the Iranians, like the Russians, knew the Americans were spread too thin. Also, the United States suddenly had to reverse its position on Iran. Prior to Aug. 8, Washington wanted the Iranians to feel embattled; after Aug. 8, the last thing the United States wanted was for the Iranians to feel under threat. In a flash, Iran went from being the most important issue on the table to being barely mentioned.
Different leaks about Iran started to emerge. The Bush administration posed the idea of opening a U.S. interest section in Iran, the lowest form of diplomatic recognition (but diplomatic recognition nonetheless). This idea had been floated June 23, but now it was being floated after the Russo-Georgian War. The initial discussion of the interest section seemed to calm the atmosphere, but the idea went away.
Then, just before U.S. presidential elections in November, the reports re-emerged, this time in the context of a new administration. According to the leaks, U.S. President George W. Bush intended to open diplomatic relations with Iran after the election regardless of who won, in order to free the next president from the burden of opening relations with Iran. In other words, if Obama won, Bush was prepared to provide cover with the American right on an opening to Iran.
If we take these leaks seriously — and we do — this means Bush has concluded that a formal opening to Iran is necessary. Indeed, the Bush administration has been operating on this premise ever since the U.S. troop surge in Iraq. Two things were clear to the Bush administration in 2007: first, that the United States had to make a deal with the Iraqi Sunni nationalist insurgents; and second, that while the Iranians might not be able to impose a pro-Iranian government in Baghdad, Tehran had enough leverage with enough Iraq Shiite factions to disrupt Iraq, and thus disrupt the peace process. Therefore, without an understanding with Iran, a U.S. withdrawal from Iraq would be difficult and full of potentially unpleasant consequences, regardless of who is in the White House.
The issue of Iran’s nuclear program was part of this negotiation. The Iranians were less interested in building a nuclear weapon than in having the United States believe they were building one. As Tehran learned by observing the U.S. reaction to North Korea, Washington has a nuclear phobia. Tehran thus hoped it could use the threat of a nuclear program to force the United States to be more forthcoming on Iranian interests in Iraq, a matter of fundamental importance to Iran. At the same time, the United States had no appetite for bombing Iran, but used the threat of attacks as leverage to get the Iranians to be more tractable.
The Iranians in 2007 withdrew their support from destabilizing elements in Iraq like Muqtada al-Sadr, contributing to a dramatic decline in violence in Iraq. In return, Iran wanted to see an American commitment to withdraw from Iraq on a set timetable. Washington was unprepared to make that commitment. Current talks over a Status of Forces Agreement (SOFA) between Washington and Baghdad revolve around just this issue. The Iraqi Shia are demanding a fixed timetable, while the Kurds and Sunnis — not to mention foreign governments like Saudi Arabia — seem to be more comfortable with a residual U.S. force in place to guarantee political agreements.
The Shia are clearly being influenced by Iran on the SOFA issue, as their interests align. The Sunnis and Kurds, however, fear this agreement. In their view, the withdrawal of U.S. forces on a fixed timetable will create a vacuum in Iraq that the Iranians eventually will fill, at the very least by having a government in Baghdad that Tehran can influence. The Kurds and Sunnis are deeply concerned about their own security in such an event. Therefore, the SOFA is not moving toward fruition.
There is a fundamental issue blocking the agreement. The United States has agreed to an Iraqi government that is neutral between Washington and Tehran. That is a major defeat for the United States, but an unavoidable one under the circumstances. But a U.S. withdrawal without a residual force means that the Iranians will be the dominant force in the region, and this is not something United States — along with the Iraqi Kurds and Sunnis, the Saudis and Israelis — wants. Therefore the SOFA remains in gridlock, with the specter of Russian-Iranian ties complicating the situation.
Obama’s position during the election was that he favored a timed U.S. withdrawal from Iraq, but he was ambiguous about whether he would want a residual force kept there. Clearly, the Shia and Iranians are more favorably inclined toward Obama than Bush because of Obama’s views on a general withdrawal by a certain date and the possibility of a complete withdrawal. This means that Obama must be extremely careful politically. The American political right is wounded but far from dead, and it would strike hard if it appeared Obama was preparing to give Iran a free hand in Iraq.
One possible way for Obama to proceed would be to keep Russia and Iran from moving closer together. Last week, Obama’s advisers insisted their camp has made no firm commitments on ballistic missile defense (BMD) installations in Poland and the Czech Republic, repudiating claims by Polish President Lech Kaczynski that the new U.S. president-elect had assured him of firm support during a Nov. 8 phone conversation. This is an enormous issue for the Russians.
It is not clear in how broad of a context the idea of avoiding firm commitments on BMD was mentioned, but it might go a long way toward keeping Russia happy and therefore making Moscow less likely to provide aid — material or psychological — to the Iranians. Making Iran feel as isolated as possible, without forcing it into dependence on Russia, is critical to a satisfactory solution for the United States in Iraq.
Complicating this are what appear to be serious political issues in Iran. Iranian President Mahmoud Ahmadinejad has been attacked for his handling of the economy. He has seen an ally forced from the Interior Ministry and the head of the Iranian central bank replaced. Ahmadinejad has even come under criticism for his views on Israel, with critics saying that he has achieved nothing and lost much through his statements. He therefore appears to be on the defensive.
The gridlock in Baghdad is not over a tedious diplomatic point, but over the future of Iraq and its relation to Iran. At the same time, there appears to be a debate going on in Iran over whether Ahmadinejad’s policies have improved the outlook for Iran’s role in Iraq. Finally, any serious thoughts the Iranians might have had about cozying up to the Russians have dissipated since August, and Obama might have made them even more distant. Still, Obama’s apparent commitment to a timed, complete withdrawal of U.S. forces poses complexities. His advisers have already hinted at flexibility on these issues.
We think that Bush will — after all his leaks — smooth the way for Obama by opening diplomatic relations with Iran. From a political point of view, this will allow Bush to take some credit for any breakthrough. But from the point of view of U.S. national interest, going public with conversations that have taken place privately over the past couple of years (along with some formal, public meetings in Baghdad) makes a great deal of sense. It could possibly create an internal dynamic in Iran that would force Ahmadinejad out, or at least weaken him. It could potentially break the logjam over the SOFA in Baghdad, and it could even stabilize the region.
The critical question will not be the timing of the U.S. withdrawal. It will be the residual force — whether an American force of 20,000 to 40,000 troops will remain to guarantee that Iran does not have undue influence in Iraq, and that Sunni and Kurdish interests are protected. Obama promised to end the war in Iraq, and he promised to withdraw all U.S. troops. He might have to deal with the fact that he can have the former only if he compromises on the latter. But he has left himself enough room for maneuver that he can do just that.
It seems clear that Iran will now return to the top of the U.S. foreign policy agenda. If Bush re-establishes formal diplomatic relations with Iran at some level, and if Obama responds to Iranian congratulations in a positive way, then an interesting dynamic will be in place well before Inauguration Day. The key will be the Nov. 10 meeting between Bush and Obama.
Bush wants to make a move that saves some of his legacy; Obama knows he will have to deal with Iran and even make concessions. Obama also knows the political price he will have to pay if he does. If Bush makes the first move, it will make things politically easier for Obama. Obama can afford to let Bush take the first step if it makes the subsequent steps easier for the Obama administration. But first, there must be an understanding between Bush and Obama. Then can there be an understanding between the United States and Iran, and then there can be an understanding among Iraqi Shia, Sunnis and Kurds. And then history can move on.
There are many understandings in the way of history.
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By George Friedman
The 2008 U.S. Presidential Race
Barack Obama has been elected president of the United States by a large majority in the Electoral College. The Democrats have dramatically increased their control of Congress, increasing the number of seats they hold in the House of Representatives and moving close to the point where — with a few Republican defections — they can have veto-proof control of the Senate. Given the age of some Supreme Court justices, Obama might well have the opportunity to appoint at least one and possibly two new justices. He will begin as one of the most powerful presidents in a long while.
Truly extraordinary were the celebrations held around the world upon Obama’s victory. They affirm the global expectations Obama has raised — and reveal that the United States must be more important to Europeans than the latter like to admit. (We can’t imagine late-night vigils in the United States over a French election.)
Obama is an extraordinary rhetorician, and as Aristotle pointed out, rhetoric is one of the foundations of political power. Rhetoric has raised him to the presidency, along with the tremendous unpopularity of his predecessor and a financial crisis that took a tied campaign and gave Obama a lead he carefully nurtured to victory. So, as with all politicians, his victory was a matter of rhetoric and, according to Machiavelli, luck. Obama had both, but now the question is whether he has Machiavelli’s virtue in full by possessing the ability to exercise power. This last element is what governing is about, and it is what will determine if his presidency succeeds.
Embedded in his tremendous victory is a single weakness: Obama won the popular vote by a fairly narrow margin, about 52 percent of the vote. That means that almost as many people voted against him as voted for him.
U.S. President George W. Bush demonstrated that the inability to understand the uses and limits of power can crush a presidency very quickly. The enormous enthusiasm of Obama’s followers could conceal how he — like Bush — is governing a deeply, and nearly evenly, divided country. Obama’s first test will be simple: Can he maintain the devotion of his followers while increasing his political base? Or will he believe, as Bush and Cheney did, that he can govern without concern for the other half of the country because he controls the presidency and Congress, as Bush and Cheney did in 2001? Presidents are elected by electoral votes, but they govern through public support.
Obama and his supporters will say there is no danger of a repeat of Bush — who believed he could carry out his agenda and build his political base at the same time, but couldn’t. Building a political base requires modifying one’s agenda. But when you start modifying your agenda, when you become pragmatic, you start to lose your supporters. If Obama had won with 60 percent of the popular vote, this would not be as pressing a question. But he barely won by more than Bush in 2004. Now, we will find out if Obama is as skillful a president as he was a candidate.
Obama will soon face the problem of beginning to disappoint people all over the world, a problem built into his job. The first disappointments will be minor. There are thousands of people hoping for appointments, some to Cabinet positions, others to the White House, others to federal agencies. Many will get something, but few will get as much as they hoped for. Some will feel betrayed and become bitter. During the transition process, the disappointed office seeker — an institution in American politics — will start leaking on background to whatever reporters are available. This will strike a small, discordant note; creating no serious problems, but serving as a harbinger of things to come.
Later, Obama will be sworn in. He will give a memorable, perhaps historic speech at his inauguration. There will be great expectations about him in the country and around the world. He will enjoy the traditional presidential honeymoon, during which all but his bitterest enemies will give him the benefit of the doubt. The press initially will adore him, but will begin writing stories about all the positions he hasn’t filled, the mistakes he made in the vetting process and so on. And then, sometime in March or April, things will get interesting.
Obama has promised to withdraw U.S. forces from Iraq, where he does not intend to leave any residual force. If he follows that course, he will open the door for the Iranians. Iran’s primary national security interest is containing or dominating Iraq, with which Iran fought a long war. If the United States remains in Iraq, the Iranians will be forced to accept a neutral government in Iraq. A U.S. withdrawal will pave the way for the Iranians to use Iraqi proxies to create, at a minimum, an Iraqi government more heavily influenced by Iran.
Apart from upsetting Sunni and Kurdish allies of the United States in Iraq, the Iranian ascendancy in Iraq will disturb some major American allies — particularly the Saudis, who fear Iranian power. The United States can’t afford a scenario under which Iranian power is projected into the Saudi oil fields. While that might be an unlikely scenario, it carries catastrophic consequences. The Jordanians and possibly the Turks, also American allies, will pressure Obama not simply to withdraw. And, of course, the Israelis will want the United States to remain in place to block Iranian expansion. Resisting a coalition of Saudis and Israelis will not be easy.
This will be the point where Obama’s pledge to talk to the Iranians will become crucial. If he simply withdraws from Iraq without a solid understanding with Iran, the entire American coalition in the region will come apart. Obama has pledged to build coalitions, something that will be difficult in the Middle East if he withdraws from Iraq without ironclad Iranian guarantees. He therefore will talk to the Iranians. But what can Obama offer the Iranians that would induce them to forego their primary national security interest? It is difficult to imagine a U.S.-Iranian deal that is both mutually beneficial and enforceable.
Obama will then be forced to make a decision. He can withdraw from Iraq and suffer the geopolitical consequences while coming under fire from the substantial political right in the United States that he needs at least in part to bring into his coalition. Or, he can retain some force in Iraq, thereby disappointing his supporters. If he is clumsy, he could wind up under attack from the right for negotiating with the Iranians and from his own supporters for not withdrawing all U.S. forces from Iraq. His skills in foreign policy and domestic politics will be tested on this core question, and he undoubtedly will disappoint many.
Obama will need to address Afghanistan next. He has said that this is the real war, and that he will ask U.S. allies to join him in the effort. This means he will go to the Europeans and NATO, as he has said he will do. The Europeans are delighted with Obama’s victory because they feel Obama will consult them and stop making demands of them. But demands are precisely what he will bring the Europeans. In particular, he will want the Europeans to provide more forces for Afghanistan.
Many European countries will be inclined to provide some support, if for no other reason than to show that they are prepared to work with Obama. But European public opinion is not about to support a major deployment in Afghanistan, and the Europeans don’t have the force to deploy there anyway. In fact, as the global financial crisis begins to have a more dire impact in Europe than in the United States, many European countries are actively reducing their deployments in Afghanistan to save money. Expanding operations is the last thing on European minds.
Obama’s Afghan solution of building a coalition centered on the Europeans will thus meet a divided Europe with little inclination to send troops and with few troops to send in any event. That will force him into a confrontation with the Europeans in spring 2009, and then into a decision. The United States and its allies collectively lack the force to stabilize Afghanistan and defeat the Taliban. They certainly lack the force to make a significant move into Pakistan — something Obama has floated on several occasions that might be a good idea if force were in fact available.
He will have to make a hard decision on Afghanistan. Obama can continue the war as it is currently being fought, without hope of anything but a long holding action, but this risks defining his presidency around a hopeless war. He can choose to withdraw, in effect reinstating the Taliban, going back on his commitment and drawing heavy fire from the right. Or he can do what we have suggested is the inevitable outcome, namely, negotiate — and reach a political accord — with the Taliban. Unlike Bush, however, withdrawal or negotiation with the Taliban will increase the pressure on Obama from the right. And if this is coupled with a decision to delay withdrawal from Iraq, Obama’s own supporters will become restive. His 52 percent Election Day support could deteriorate with remarkable speed.
At the same time, Obama will face the Russian question. The morning after Obama’s election, Russian President Dmitri Medvedev announced that Russia was deploying missiles in its European exclave of Kaliningrad in response to the U.S. deployment of ballistic missile defense systems in Poland. Obama opposed the Russians on their August intervention in Georgia, but he has never enunciated a clear Russia policy. We expect Ukraine will have shifted its political alignment toward Russia, and Moscow will be rapidly moving to create a sphere of influence before Obama can bring his attention — and U.S. power — to bear.
Obama will again turn to the Europeans to create a coalition to resist the Russians. But the Europeans will again be divided. The Germans can’t afford to alienate the Russians because of German energy dependence on Russia and because Germany does not want to fight another Cold War. The British and French may be more inclined to address the question, but certainly not to the point of resurrecting NATO as a major military force. The Russians will be prepared to talk, and will want to talk a great deal, all the while pursuing their own national interest of increasing their power in what they call their “near abroad.”
Obama will have many options on domestic policy given his majorities in Congress. But his Achilles’ heel, as it was for Bush and for many presidents, will be foreign policy. He has made what appear to be three guarantees. First, he will withdraw from Iraq. Second, he will focus on Afghanistan. Third, he will oppose Russian expansionism. To deliver on the first promise, he must deal with the Iranians. To deliver on the second, he must deal with the Taliban. To deliver on the third, he must deal with the Europeans.
The Europeans will pose another critical problem, as they want a second Bretton Woods agreement. Some European states appear to desire a set of international regulations for the financial system. There are three problems with this.
First, unless Obama wants to change course dramatically, the U.S. and European positions differ over the degree to which governments will regulate interbank transactions. The Europeans want much more intrusion than the Americans. They are far less averse to direct government controls than the Americans have been. Obama has the power to shift American policy, but doing that will make it harder to expand his base.
Second, the creation of an international regulatory body that has authority over American banks would create a system where U.S. financial management was subordinated to European financial management.
And third, the Europeans themselves have no common understanding of things. Obama could thus quickly be drawn into complex EU policy issues that could tie his hands in the United States. These could quickly turn into painful negotiations, in which Obama’s allure to the Europeans will evaporate.
One of the foundations of Obama’s foreign policy — and one of the reasons the Europeans have celebrated his election — was the perception that Obama is prepared to work closely with the Europeans. He is in fact prepared to do so, but his problem will be the same one Bush had: The Europeans are in no position to give the things that Obama will need from them — namely, troops, a revived NATO to confront the Russians and a global financial system that doesn’t subordinate American financial authority to an international bureaucracy.
Like any politician, Obama will face the challenge of having made a set of promises that are not mutually supportive. Much of his challenge boils down to problems that he needs to solve and that he wants European help on, but the Europeans are not prepared to provide the type and amount of help he needs. This, plus the fact that a U.S. withdrawal from Iraq requires an agreement with Iran — something hard to imagine without a continued U.S. presence in Iraq — gives Obama a difficult road to move on.
As with all American presidents (who face midterm elections with astonishing speed), Obama’s foreign policy moves will be framed by his political support. Institutionally, he will be powerful. In terms of popular support, he begins knowing that almost half the country voted against him, and that he must increase his base. He must exploit the honeymoon period, when his support will expand, to bring another 5 percent or 10 percent of the public into his coalition. These people voted against him; now he needs to convince them to support him. But these are precisely the people who would regard talks with the Taliban or Iran with deep distrust. And if negotiations with the Iranians cause him to keep forces in Iraq, he will alienate his base without necessarily winning over his opponents.
And there is always the unknown. There could be a terrorist attack, the Russians could start pressuring the Baltic states, the Mexican situation could deteriorate. The unknown by definition cannot be anticipated. And many foreign leaders know it takes an administration months to settle in, something some will try to take advantage of. On top of that, there is now nearly a three-month window in which the old president is not yet out and the new president not yet in.
Obama must deal with extraordinarily difficult foreign policy issues in the context of an alliance failing not because of rough behavior among friends but because the allies’ interests have diverged. He must deal with this in the context of foreign policy positions difficult to sustain and reconcile, all against the backdrop of almost half an electorate that voted against him versus supporters who have enormous hopes vested in him. Obama knows all of this, of course, as he indicated in his victory speech.
We will now find out if Obama understands the exercise of political power as well as he understands the pursuit of that power. You really can’t know that until after the fact. There is no reason to think he can’t finesse these problems. Doing so will take cunning, trickery and the ability to make his supporters forget the promises he made while keeping their support. It will also require the ability to make some of his opponents embrace him despite the path he will have to take. In other words, he will have to be cunning and ruthless without appearing to be cunning and ruthless. That’s what successful presidents do.
In the meantime, he should enjoy the transition. It’s frequently the best part of a presidency.
History will remember Barack Obama for the change he personifies.
As America's first black president he will write a new chapter in a long story that began in slavery and persecution and has not yet ended in equality.
But he is determined that history will remember him as an agent of change, not just as a symbol of it, and that will not be easy.
(Click to watch video)
Mr Obama has been a brilliant candidate in many ways - the muscular poetry of his oratory is matched by his flair for the nuts and bolts of campaign organisation.
But he has been lucky too.
Even the banking crisis, which called into question the competence of Republican economic stewardship, came helpfully at a moment when he and John McCain were neck and neck in the polls.
He has not been lucky though in the circumstances which greet him as he takes office.
Funding the promises
The economy is in recession and the US, at war on two fronts overseas, faces profound questions that will require quick answers.
Mr Obama though will have at least one asset no other American president since Kennedy has enjoyed - a huge reservoir of international goodwill.
That is based partly on the simple fact that he is not George W Bush and partly on the widely-held belief that in picking a black president the United States is somehow closing one of the darker chapters in its own past.
It is not clear of course how deep that reservoir might be nor how long it will last - and it will not help much with the most pressing problem of all, which is what to do about the US economy.
Mr Obama has promised a tax cut to 95% of Americans and plenty of other things that will cost money too - like better access to health care for the 45 million people here without insurance, and an army of new teachers, with improved salaries, for the school system.
None of that will be cheap - and Mr Obama is inheriting a budget deficit running into hundreds of billions a year and a national debt which is about to go above the $11 trillion (£6.9 trillion) mark.
Whether or not Mr Obama is able to keep his campaign promises, he will be drawing heavily on his extraordinary gift for communication - expect that to be one of the hallmarks of his time in office.
Post-partisan
He is a gifted speaker and in times of national grief or doubt it is hugely important for Americans to have a president able to capture, shape and occasionally lift the national mood.
Those gifts will be equally important if President Obama finds himself in the depths of recession having to explain why campaign promises are being deferred or even dumped.
Obama has inspired great hope and high expectations in many black voters
How that goes down with the American people will depend on how successfully Mr Obama manages another of his campaign promises - the rather nebulous goal of bringing Americans together.
The new president sees himself as an essentially post-partisan figure and his rhetoric is filled with urgent talk of bringing together a fractured society so that young and old, black and white, rich and poor, and gay and straight all work together with a sense of common purpose.
On the campaign trail, this made Mr Obama seem psychologically interesting - almost as though he were yearning for the US to be a better version of itself. It will be interesting to see how he intends to bring that vision to life in a country where there are still profound racial divisions and which thrives on the vigour of its competitive political process.
Foreign policy
Look out for widespread use of the internet in the implementation of the Obama vision, by the way. Mr Obama's campaign was creative in using the web to raise funds and drum up an army of volunteers - he might have something similar in mind for his presidency.
Mr Obama will find himself tested and perhaps defined by foreign policy issues just as his predecessor was.
He has to find an exit strategy for Iraq that does not somehow enhance the regional power status of Iran.
And of course the issue of Iranian nuclear ambition cannot be ignored either. How will President Obama react to pressure from Israel, or from his own military commanders, to bomb Iran's reactor to prevent it from developing a bomb? We might know very soon.
In Afghanistan Mr Obama has talked of putting in more American troops and finishing the fight with al-Qaeda. That is easier said than done and if a beefed-up Afghan campaign goes badly, it will reflect on his judgment and damage his standing.
There remain the challenges of fighting effectively around the Pakistani border without alienating that turbulent ally. And that is before the problems of rebuilding - or rather building - Afghan civil society are contemplated.
Mr Obama has made history by winning power. As he attempts to make history in the way he exercises it, he will be weighed down by high expectations. He is going to need all the many gifts - and all the luck - that got him here.
Author:
By Kevin Connolly
BBC Washington correspondent
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