On Obama's plus side, the media is still firmly on Obama's side and will continue to blame George W. Bush for everything until at least 2011. The media, in general, has a lot invested in the new president and will spin most events his way. That gives President Obama some public relations room. He'll have a few months before any pressure from the media comes directly at him. Heck, if the liberal press didn't scream about the conservative preacher Rick Warren praying at the inauguration, you know the fix is in.
Also, Congress is now dominated by pro-Obama Democrats, and it will do pretty much what the new president wants, so that will make Obama's life a lot easier.
On the downside, Congress simply does not know what it is doing. The financial crisis caught our lawmakers by surprise, and the continuing chaos clearly demonstrates that these people have no idea how to deal with the recession. So Americans are just going to have to tough it out and pray the president and Congress don't make things even worse.
On the terrorism front, some Americans, including this one, are worried for a number of reasons, beginning with Obama selecting Eric Holder to be attorney general. This almost defies belief. In addition to lobbying for the pardon of uber tax cheat Marc Rich, Holder was part of the Janet Reno gang that made it impossible for the feds to investigate terror-related activities inside the USA.