he continues to be president until Obama takes the oath.Well, slightly after that, actually. Bush's term ends at Noon (in accordance with the Twentieth Amendment; Obama is scheduled to take the oath at 11:56 (Inaugural Media Guide; see page 14, and be warned it's a PDF). Obama taking the oath doesn't make him President; it's done in preparation for the fact that he's about to become President.
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posted by midatlanticwanderer at 6:37 PM on January 18