Barack Obama took power as the first black U.S. president on Tuesday (January 20) and quickly turned the page on the Bush years, urging Americans to rally to end the worst economic crisis in 70 years and repair the U.S. image abroad.

"Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America," Obama said, addressing an exuberant sea of people in an inaugural speech that was both optimistic but realistic about the challenges ... Read more

Barack Obama took power as the first black U.S. president on Tuesday (January 20) and quickly turned the page on the Bush years, urging Americans to rally to end the worst economic crisis in 70 years and repair the U.S. image abroad.

"Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America," Obama said, addressing an exuberant sea of people in an inaugural speech that was both optimistic but realistic about the challenges ahead.
He pledged bold and swift action to bring new life to the U.S. economy and declared to millions watching abroad that abroad, "We are ready to lead once more."
But illustrating the tough road ahead, Wall St ushered in the new presidency with the record Inauguration Day slide amid signs the global banking crisis was far from over.
Hundreds of thousands of people erupted in roars of approval on Washington's broad National Mall grounds as they watched Obama stand with one hand raised, one hand on a Bible used to swear in Abraham Lincoln in 1861, and repeat the brief oath to become the 44th U.S. president.
Beaming, the new president kissed his wife, Michelle, and his school-age daughters, Malia and Sasha. Then he turned to the crowds stretching into the distance on a cold, wintry day.

"Obama, Obama," the crowd cheered.
Obama, a Democrat, replaced Republican George W. Bush, who served two terms and left office having plumbed record lows in approval ratings and leaving a legacy of two wars and an economy in recession.
The inauguration of Obama, 47, the son of a black Kenyan father and a white mother from Kansas, was steeped in symbolism for African-Americans, who for generations suffered slavery and then racial segregation that made them second-class citizens.
In a nod to that history, Obama lauded the people who built the country from its foundation, including those who "endured the lash of the whip and ploughed the hard earth."
The new president said the "badly weakened" U.S. economy will be a top priority as he works with the Democratic-controlled U.S. Congress on an estimated $825 billion economic stimulus package.
Turning to foreign policy and the standing of the United States abroad, which has has been widely battered during the Bush years, Obama vowed the United States would leave Iraq "responsibly" and will help Afghanistan earn a hard-earned peace.
He did not provide a specific timetable for a U.S. withdrawal from Iraq, but under a U.S.-Iraqi agreement, U.S. troops would depart by the end of 2011. Obama has pledged to increase U.S. troop strength in Afghanistan to turn back a resurgent Taliban.
He was due to meet military commanders on Wednesday to discuss the possibility of accelerating the U.S. troop withdrawal from Iraq, and the need for more forces in Afghanistan.
In a clear reference to harsh U.S. interrogation practices of terrorism suspects that have been widely condemned abroad, Obama vowed a change, saying he rejected as false "the choice between our safety and our ideals."
There has been broad world disapproval of many Bush policies in the U.S. war on terrorism that Bush declared after the Sept. 11 attacks in 2001 that deeply shaped his eight years in office.
After years of tense relations with Muslims, Obama offered conciliatory words to the Islamic community, saying he would seek a "new way forward" based on mutual interest and mutual respect.
But on the issue of terrorism, he said: "We will not apologize for our way of life, nor will we waver in its defence."

"And for those who seek to advance their aims by inducing terror and slaughtering innocents, we say to you now that our spirit is stronger and cannot be broken; you cannot outlast us, and we will defeat you."
Bush, his public approval ratings in the basement as the cheers for Obama resounded around the city, left Washington for his home state of Texas on Tuesday soon after the inauguration.
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