On Saturday afternoon, NASA astronauts Chris Cassidy and Tom Marshburn successfully completed a spacewalk to repair a leaky component on the outside of the International Space Station.

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The scaremongers like to talk about 3 million jobs lost, all things considered, which means not just the factory and white-collar workers of the auto company but the parts suppliers, dealers, repair garages and hot dog stands outside the factories.

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Mr Obama seems to many, by reason of his race, his calm intelligence, his youthful good looks and his powerful oratorical skills, to be well suited to draw a line beneath the bitter Bush years and to repair America's torn relationship with the outside world.

ECONOMIST: Barack Obama still has a lot to do