No,he is the President Elect he does not take over for 99 more days, til Jan 20, 2009

Even now he has power to affect Bush decisions.

Infact Obama urged Bush to help GM, and Bush said, he will, "if" Obama agrees to assist him for Columbia free trade aspects, Obama shrugged at it, and now I think he will postpone the help for GM till Jan 20.

Its not Bush who is in favor of helping GM and Ford, it is Obama's idea. Bush may agree helping them right now only if Democrates agree for assisting Bush, they won't so America is free from wrong doings of Obama till 20th of Jan. Only then he will waste tax money for saving the worthless GM and Ford etc. by malinvestment.