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During his inaugural speech in January 1960, President John F. Kennedy said, “Ask not what your country can do for you; ask what you can do for your country.” Kennedy was a Democrat like the United States’ President-elect Barack Obama. But that’s where the similarity stops.

Today, the U.S. is in need of a complete turnaround; in order to rise up, Obama will need to work hard on a couple of significant aspects that may either make or break the country’s future.

Jamie Gorelick, who is rumored to be one of those being considered for the post of Attorney General, shares her thoughts on what the Obama administration will need to do in an article featured in The Deal.com. Jamie Gorelick, a Democrat, once served as President Clinton’s Deputy Attorney General.

One of the first things the Obama administration will need to do, according to Jamie Gorelick, is to adopt a multipronged plan to help stimulate the economy. Drawing up a short-term economic plan will also be beneficial and will result in tax cuts and extension of unemployment benefits. This will help bring back money to the marketplace.

Jamie Gorelick reveals that Obama will most likely take a centrist stance on policy which is necessary if the government wants to rev up the economy.

When it comes to choosing his people, Jamie Gorelick thinks Obama will put a big weight on a person’s willingness to challenge his views as well as those who are honest enough to tell him if something has gone wrong. Jamie Gorelick also believes that Obama will choose people from diverse backgrounds.

Jamie Gorelick also believes that innovation and growth should both play a significant role.

Oxford and Cambridge, the two leading universities in Britain, recently received significant donations as a result of the schools’ respective campaigns to raise funds for education and outreach.

One of the philanthropists, Michael Moritz, is a partner at Sequoia Capital, a US-based venture capital firm. In addition, former New York Times journalist Harriet Heyman donated a total of $50-million to the University of Oxford in response to the university’s recent announcement of a campaign to raise $2.5-billion.

Cambridge University has also received generous amounts from generous philanthropists. Software businessmen Ros and Steve Edwards made a substantial amount of money through the sale of their company. To celebrate their success, they donated $60 million of the sale to Cambridge university. Similar to Oxford, the University of Cambridge also launched a campaign to help raise $2-billion to further its educational programs and compete as one of the top schools in the world.

Both Oxford and Cambridge universities are aiming to raise funds in order to be able to contend with the wealth of United States-based Ivy League universities to allow them to remain competitive. The universities are also aiming to expand their admittance policies to allow more qualified but underprivileged students to become members of the university. These reforms will come to fruition as a result of the donations made by the aforementioned British philanthropists.

Learn more about philanthropists such as Stephen Schwarzman on Faces of Philanthropy.

Stephen Schwarzman was recently honored by Phoenix House, the nation’s leading non-profit drug treatment and education organization.

Stephen Schwarzman is the Chairman of the Board of Trustees of the Kennedy Center.