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Mr. President

It is appropriate that I focus today’s Inauguration Day column on our freshly minted President. Who would have thought two years ago that Barack Obama would be taking the oath of office? He ran a remarkable campaign and had an exceptional organization around him, at a time when the United States was focused on the need for a change. However, the parallels that are now being drawn between Obama, Lincoln and Franklin Roosevelt are a bit premature for me. He appears to be making the right early moves and appointing a solid and diverse set of advisors and cabinet members, but Obama will make his mark only if he is able to quickly and effectively deal with the economic malaise gripping the US, and get the credit system working again. If he doesn’t, the real estate industry is in for a tough road ahead. However, he does have a clean slate, and if he can right the ship, President Obama has an opportunity to rank among those great presidents. Only time will tell.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
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