Post-election realities
Posted: Saturday, November 22, 2008 4:37 PM by Ian Sager
Filed Under:
Lester Holt
By Lester Holt, NBC News anchor

It's hard to imagine just how drastically the economic landscape has changed since Election Day. In that short period of time a lot has happened: The stock market carved out new lows, the $700 billion bailout was rethought by the administration, Citigroup stock sank below $4, and the three biggest U.S. automakers were rebuffed by Congress in their bid for an emergency loan.
Today, President-elect Barack Obama took to both the radio and Internet to sketch out his economic recovery plan. The address included a promise to create 2.5-million jobs in 2 years by rebuilding roads and bridges, and modernizing schools. As he spoke, one could only wonder how much the landscape will shift between now and Inauguration Day, and whether the recovery road map unveiled today will fully address the roadblocks that may lie around the corner. Obama seemed to allow for that when he said the situation is "likely to get worse before it gets better." NBC's Kevin Tibbles will report on the President-elect's remarks, and along with CNBC's John Harwood, will help us examine the economic challenges Obama is about to inherit.
Last weekend, our top story was the series of devastating wildfires in Southern California. The fires are over, but hundreds of homes were destroyed. Now, many of those homeowners are making the emotional journey back to claim those items that cannot be replaced. NBC's Michael Okwu takes us along with one family who had just minutes to flee their home as the flames approached.
I hope you can join me later for the NBC Nightly News.