Obama sees long haul ahead

LONDON (Reuters) - President-elect Barack Obama said on Saturday he was crafting a two-year plan to fight an economic crisis of "historic proportions" and Chinese leader Hu Jintao said his country was ready to play a big role in the global effort.

Reuters - U.S.

US President Barack Obama has said it is too premature to determine the impact of China's limited currency reform although he viewed the move as "positive."Speaking ahead of his meeting Saturday with Chinese leader Hu Jintao on the sidelines of the G20 summit in Toronto, Obama maintained that the "undervalued" yuan provided China "with an unfair trade advantage."The United States "expect change," he said at a joint press conference with visiting Russian President Dmitry Medvedev.

Andrew Sullivan takes a look at what will happen if the Senate actually does pass an opt-out plan and sees disaster on the horizon for the Republicans. "Imagine Republicans in state legislatures having to argue and posture against an affordable health insurance plan for the folks, as O'Reilly calls them, while evil liberals provide it elsewhere," says Sullivan.

Reuters - Former Assistant U.S.