November 7, 2008
Posted: November 7th, 2008 09:33 AM ET
Obama will have to confront the nation's ailing economy.
Obama will have to confront the nation's ailing economy.

CHICAGO, Illinois (CNN) - The nation's sagging economy is expected to be in the spotlight Friday as President-elect Barack Obama and Vice President-elect Joe Biden hold their first news conference since the election.

Obama named llinois Congressman Rahm Emanuel as his chief of staff on Thursday, but the transition office said no personnel announcements would be made at Friday's event.

Obama will take questions from reporters, however.

Before the news conference, Obama and Biden will meet with a 17-member council of economic advisers. Among the panelists are former Treasury Secretaries Lawrence Summers and Robert Rubin, former Fed Chairman Paul Volcker, billionaire businessman Warren Buffett, and leaders in business and
politics.

Interest in the makeup of Obama's economic team is high as bad news continues to emerge daily.

The Labor Department's monthly jobs report Friday morning showed that the shed 240,000 jobs in October. The unemployment rate climbed from 6.1 percent to 6.5 percent, the highest it's been since 1994.

Also Friday, Ford Motor Co. reported a $3 billion operating loss in the latest quarter, and said it would reduce staff and capital spending to preserve its dwindling cash. Ford said it would cut white-collar compensation by eliminating merit pay, bonuses and retirement-account matching contributions.

"This is one of the first times that I can remember that the secretary of the treasury is going to be almost as important as the secretary of state," said CNN senior political analyst David Gergen, who served in the Reagan and Clinton administrations.

A source with the Obama transition team told CNN that a plan to name David Axelrod a senior adviser to the incoming president is "in the works."

Axelrod was the Obama campaign's chief strategist and was a top adviser to Obama during his run for the Senate in 2004. Observers believe Robert Gibbs, the communications director for Obama's presidential campaign, will become Obama's press secretary.

Gibbs said that to say he has been offered the job is a report "ahead of itself."

Obama was considering who will be on his team long before Tuesday's election.

He could pick Republicans such as Sens. Chuck Hagel or Dick Lugar to come on board, analysts speculate.

Defense Secretary Robert Gates' name also has been floated in media reports.

Gates has served in Bush's Cabinet for almost two years. He worked for the Central Intelligence Agency for 27 years, serving as its director from 1991 through 1993. He also served as deputy national security adviser under President George H. W. Bush.

"What Barack Obama has to do in the transition time is set the tone," said Gloria Borger, a senior political analyst for CNN. "If he reaches out to Republicans in the Cabinet - if he decided to keep Bob Gates at Defense - that's really, really important."

Hagel, R-Nebraska, is a Vietnam War veteran and fierce critic of the Bush administration's handling of the Iraq war. Hagel did not run for re-election for his Senate seat this year.

Lugar, R-Indiana, is minority leader of the Foreign Relations Committee and worked with Obama last year to expand a program aimed at destroying weapons of mass destruction in the former Soviet Union.

The White House is holding an economic summit November 15. Obama could delay naming his economic team to avoid interfering with the G-20 summit.

Names circulating for the treasury secretary position include Timothy Geithner, Lawrence Summers and Volcker.

Geithner helped deal with Wall Street's financial meltdown earlier this year, overseeing the acquisition of Bear Stearns by JPMorgan Chase and the bailouts of AIG and Lehman Brothers. He was appointed president of the New York Federal Reserve in November 2003.

Summers was appointed treasury secretary in July 1999 and served as the chief economist of the World Bank from 1991 through 1993. Before his career in government, he taught economics at Harvard.

Volcker is a former chairman of the Federal Reserve, serving under Presidents Carter and Reagan. He also worked in the private sector as an investment banker and headed the investigation into the United Nations' oil-for-food program for Iraq.

Obama said Thursday that Emanuel accepted his offer to be White House chief of staff. The Office of the Chief of Staff oversees and coordinates activities and communication among various departments of the administration.

"I announce this appointment first because the chief of staff is central to the ability of a president and administration to accomplish an agenda. And no one I know is better at getting things done than Rahm Emanuel," Obama said in a written statement.

Emanuel helped lead Democrats to majority control of the House in 2006. He was elected to the House in 2002 and is the fourth-highest-ranking member of the chamber's Democratic leadership.

He also worked on President Clinton's first presidential campaign and served as a White House adviser to Clinton. Emanuel choked up as he said how glad he is his parents are alive to see him have the choice of becoming chief of staff for a "historic figure."

He said he wants to do "everything I can to help deliver the change America needs."

Also Thursday, Obama received and intelligence briefing and returned the calls of nine leaders of other countries, thanking them for having expressed congratulations on his election. The leaders were: the presidents of France, Mexico and South Korea; the prime ministers of Australia, Canada, Israel, Japan and the United Kingdom; and the chancellor of Germany.

On Monday, Obama and President Bush are set to meet in the White House.

"Michelle and I look forward to meeting with President Bush and the first lady on Monday to begin the process of a smooth, effective transition," Obama said in a statement. "I thank him for reaching out in the spirit of bipartisanship that will be required to meet the many challenges we face as a nation."

– CNN's Candy Crowley, Suzanne Malveaux, John Helton, Kristi Keck and
Alexander Mooney contributed to this report.

Filed under: Barack Obama


Mark Ramsey MD Milwaukee WI   November 7th, 2008 1:38 pm ET

Surround yourself with the brightest minds possible- dems and repubs should work together on this one. This is a big mess. Time to set politics aside and fix this problem. I think Mitt Romney could be helpful. Warrren Buffett? Cool!

dibick99   November 7th, 2008 1:33 pm ET

absolutely no reason for the government to bail out the auto industry. let them get their financing from the banks and, if they can, from the issuance of bonds – just like in the past. perhaps if the industry had listened a long time ago to what the people wanted they wouldn't be in this situation. the other thing they can do is tell the unions to go soak their heads – the unions are a big part of the problem.

Kimo   November 7th, 2008 1:27 pm ET

Push his socialist agenda. Have government take over everything, tax the wealthy because no one should be wealthy in an Obama marxist America.

Bama for Obama   November 7th, 2008 1:20 pm ET

Truth Hurts,

The truth is in spite of your complaining when it is all said and done you will live better too. Why? "Because God protects babes and fools"

Greg M.   November 7th, 2008 1:19 pm ET

Come on President Obama lets get busy, we have to start somewhere to fix up what the republicans have messed up , we know you have a hard job before you, the america people feel and know you are smart enough and able to handle the job thats why you are the PRESIDENT and not John McCain or any (Republicans). We all understand we can't clear this mess up over night, but thanks for going to work before day one of the job. you've started ahead of time. Take your time and lets get the world moving toward positive change. We can and yes we will. continue to communicate with us often by radio, tv please keep us informed. Thanks

Obama 08'........................................................................................

Joe   November 7th, 2008 1:17 pm ET

Carl from Michigan...quite an uneducated statement...

Bama for Obama   November 7th, 2008 1:15 pm ET

Tom,

Are you writing from the funeral home, are you standing with the body?

I do recall some one very famous saying "Let the dead bury the dead"

Why don't you go and take care of that for him since you are so concerned.

TyWebb   November 7th, 2008 1:15 pm ET

"Carla Barnes" = idiot.

No Hillary = No Obama   November 7th, 2008 1:13 pm ET

Here's my take on Obama. SInce he is totally inexperienced – if you notice he is relying on people with experience to fill his gaps. These are recycled, been there, done that types. So where is the leadership? Where is the "turning a page"? This is copying Bill Clinton's picks. You are not going to see leadership, you are going to see an imitated Presidency by an "as-if" candidate and now as-if President-elect. It was never there to begin with. It should have been Hillary and would have been Hillary had it not been for an unethical media who said whatever sexist thing they pleased without restraint.

abc   November 7th, 2008 1:10 pm ET

Green! ET (energy technology) is very crucial & joined at the hip with national security and economy. so many countries in N. Europe & Asia have jump started while we're still arguing and dwindling here. watching different interest groups/people using the freedom of rights to hinder a century-imoprtant issue is sad, the rights shouldn't hold us back. hopefully, we will do the right thing for generations to come.

Vern   November 7th, 2008 1:00 pm ET

I have read many of the opinions of the bloggers here, and i find that people say some interesting things especially when it comes to something that they feel very strongly about. I have come to realize a few things about our elected president, he has shown that this country has the potential to be much greater than what we have been. Our country has prospered on the backs of slaves that never got to reap the benefits of their labor. This man is just as much white as he is black and yet he is still not accepted by some whites because of the color of his skin. He respresnts both races and he has experiences with other races and yet some people still refuse to accept him for who he is. I believe that he has studied the mistakes and the greatness of other presidents and i believe that is all would give him the chance he will do his very best to come through with his promise to the american people. The biggest problem with the american people is that change comes as a great shock to them and the way that we believe. How will you ever know that what may work better for our country if you don't try something new. The american people don/t like to be called out on the truth. When the statement was made calling us a nation of whinners everybody was outraged but it was the truth. We have someon now that says yes we can, but are we willing to work hard and help him bring about the change that will make us a better nation.

don   November 7th, 2008 12:55 pm ET

I hope Obama looks hard at Mitt Romney for a cabinet position.

Carl from MI   November 7th, 2008 12:51 pm ET

You're all wrong about the WEALTHY... they don't spend their money.

They HOARD their money. I have yet to meet a wealthy person that actually SPENT money, that wasn't CHEAP, that couldn't leave a decent TIP on the table after a good meal at a good restaurant!

The WEALTHY don't spend their money... that's why TRICKLE-DOWN ECONOMICS have just proven to completely and totally fail. George W. Bush just gave tons and tons of tax breaks to our nation's wealthiest... and our nation is in the worst economic slump since the great depression.

WEALTHY people don't spend money... they HOARD it. TRICKLE-DOWN ECONOMICS just don't work. When will you Republican morons finally come to your senses and just admit it? Morons...

al in memphis   November 7th, 2008 12:50 pm ET

To Betty- I guess you have not heard that we are having layoffs now. Also, there is a news flash that the " not wealthy" is having to bailout the "investing and business creating" wealthy that you refer too.

Based on your logic, society could not function without wealthy. it does not matter to me how much someone has who has earned it honestly. But, economies are bulit on demand– if no one is demanding it you have no economy.

al in memphis   November 7th, 2008 12:48 pm ET

To Betty- I guess you have not heard that we are having layoffs now. Also, there is a news flash that the " not wealthy" is having to bailout the "investing and business creating" wealthy that you refer too.

Based on your logic, society could not function without wealthy. it does not matter to me how much someone has who has earned it honestly. But, economies are bulit on demand– if no one is demanding it you have no economy.

Carl from MI   November 7th, 2008 12:43 pm ET

Who are Republicans to GIVE ANY ADVICE AT ALL? YOU GUYS LOST!! YOU STUNK UP THE ELECTION! YOU LOST THE HOUSE AND THE SENATE... THE PEOPLE DON'T WANT YOU TO REPRESENT THEM ANYMORE BECAUSE YOU JUST DON'T REPRESENT THEM ANYMORE!!!

Obama will surround himself with the best and the brightest, and he will listen to them... not to Mitt Romney and the rest of the Republican losers!! Bush surrounded himself with only people that agreed with him... and look where that got our country.

It's time for Republicans to admit they did a LOUSY job of governing our nation for the last 8 years and time to let some RESPONSIBLE people take over and set things right.

It's time for Republicans to go hide in the corner for awhile and wear the DUNCE cap they have so richly earned!!!

al in memphis   November 7th, 2008 12:41 pm ET

To Geradine's question on why do business in this country when other countries have more favorable climates?

Your question has been answered by Nissan, Toyota, BMW, and others who continue to build plants in the USA. It's called access to the markets and a weaker dollar. You can thank those before Obama who turn the USA into the new Mexico.

As underperforming as some of our schools are, I'm still glad the elementary schools offer more intelligent thought than some of you people are getting from all of these radio talk shows. Some of you please stay away from sharp objects.

Dave   November 7th, 2008 12:41 pm ET

Yeah talk about the economy and how you will just continue with bailouts and help the international bankers that helped to put you where you are. While you're at it you need to tell the truth about the carbon tax you plan to impose to bleed $5 trillion from taxpayers and what that money will go to. The people will revolt if they knew.

Mark Ramsey MD Milwaukee WI   November 7th, 2008 12:34 pm ET

This is exactly the place where a mix of democrats and republicans would be a good idea. One America!!

one angry american   November 7th, 2008 12:31 pm ET

All of you people that praise OBAMA like he is a GOD are idiots. Get past his so called CHANGE message that he has manipulated all of you into believing. You all need to get with the real world not us. Look at his policies and how he has voted. The man is a complete idiot. He has done nothing to prove that he is going make any kind of change. So all you idiots that keep praising Obama need to just shut up and. Other than the fac that he is a African American i hvae yet to hear a valid point as to why he is great. That is all I have been hearing from other indivuals is thank god a Black man finally made it. What they hell are you people talkinga bout. Go Away if you are going to be that ignorant

Annie, Atlanta   November 7th, 2008 12:30 pm ET

I trust President Elect Obama has the smarts to surround himself with the right people to try and get us out of this mess, if that's possible.

Thanks, President Bush, for making sure you took care of yourself and your wealthy supporters, at our expense.

DavidZ-democrat   November 7th, 2008 12:28 pm ET

So the republicans create a mess of the economy by eliminating as many regulations as possible...allowing bankers to make stupid mortgages at subprime rates and in amount beyond the buyers ability to pay if anything changes. They put forward an elderly presidental candidate and an inept VP which to them thankfully go down in defeat because now they will be able to blame their economy problem on Barack. That sounds typical of the republican party.

BS not Maverick   November 7th, 2008 12:23 pm ET

Obama needs to get a Rottweiler, one that no journalist will atempt to put their hand on it's head!!! But will protect the children :)

Teddy   November 7th, 2008 12:22 pm ET

Kinda funny a lot are putting the blame for higher unemployment on President-elect Obama. Need to remember that he just got elected. Bush is still in charge and is to blame. Next, I can't believe people are upset at Obama and his wife for going to a parent/teacher conference. It shows that He care about his children and his country. Sounds like a few conservitive out there think kids should be thrown under the bus and killed when you are elected President. People need to think before they type those idiotic remarks, lol, one good thing they took time away from Foxnews.com to read something else

JUAN C AR LOS   November 7th, 2008 12:22 pm ET

START,,,,,,,,,,,,,BUYING,,,,,,,,,,,,UP,,,,,,,,,,,,MORTGAGES,,,,,,,,,,,,,WITH,,,,,,,,,,

LIMITATIONS,,,,,,,,,,,,,,PEOPLE,,,,,,,,,,,,,MUST,,,,,,,,,,,PROVE,,,,,,,,,,,,,,,

ABILITY,,,,,,,,,,,,,TO,,,,,,,,,,,,REPAY,,,,,,,,,,,,,BASED,,,,,,,,,,,,,,ON,,,,,,,,,,,,,,,

VERIFYING,,,,,,,,,,,,,CURRENT,,,,,,,,,,,,INCOME,,,,,,,,,,,THRU,,,,,,,,,,,,IRS

Mark Olivarez   November 7th, 2008 12:22 pm ET

I have the solution to our automotive manufacturing crisis. Make the men in charge, the CEO, CFO, chairman, etc... give back their compensation. Ford Motors alone paid over 45 million in annual salaries and compensation their top 5 executives. GM totaled around 35 million in salaries and compensation. This does not even include the other automakers. I have verified this on Reuters and Google Finance. Your viewers and listeners should do this for themselves and check the executive compensation.

Please tell your viewers to verify this for themselves and call their representative and senators and tell them NOT TO BAIL the auto industries with our tax dollars. My stomach hurt just thinking about my tax dollars going to bail out these greedy Corporate Pigs. I would rather ride a bicycle or a horse for transportation then see my tax dollars make these rich men richer. It is heartbreaking to see a blue collar workers loose jobs when the salary of the white collar workers can pay salaries of over 200 people. Wake up America how much compensation is enough for one person.

Mark Olivarez
Scurry, Texas

Roger   November 7th, 2008 12:22 pm ET

Has President Elect Barack Obama inspired any of you freeloading bums TO GET A JOB yet?

Ian   November 7th, 2008 12:21 pm ET

I wonder if he'll push for even more unqualified people to become home owners.

Ian   November 7th, 2008 12:21 pm ET

Sounds like you're already letting him off the hook for doing a lousy job.

"Linda November 7th, 2008 9:39 am ET

We must remember president elect Obama did not get us into this mess and it took at least eight years so it going to take at least four to make a dent in cleaning up this mess. Everybody needs to be patient and let president elect Obama do what he feels he needs to do and support him both democrats and republicans. God bless president elect Obama and God bless america."

EW   November 7th, 2008 12:19 pm ET

Now that the shoe is on the other foot the Democrats call for the hate to stop. When Bush was elected in 2000 and 2004 the Democrats didn't stop the hate.

Typical liberal double standards.

David   November 7th, 2008 12:18 pm ET

Can we all move beyond this gutter talk. Grow up people.

Obama won the election fair and square. His donations came from Americans who shared his hope for change. Before making such claims look at where they came from-the Republican Party.

Obama is not a fraud. He is a real patriotic, American-born President-Elect. He has no secret agenda, he is not Muslim, Arab, or Islamic. He is not even the Devil. People check back into reality.

Another thing, there is nothing wrong with being an Arab or a Muslim. There are 6 billion human beings on this planet and not all of them have to be American or think like us.

Give me a break!

Paul   November 7th, 2008 12:17 pm ET

Now you are seeing the business worid's responce to the political package that our news media sold to the American people and the worst is yet to come.
The newly elected president can expect the same patience as the past president, which was not very much.
The promises that were sold will not be fulfilled and then the blame game starts all over again!

C A   November 7th, 2008 12:14 pm ET

People, people!

We all are facing some serious crises in our lives and our children's lives. The economy , global warming, unrest in the middle east and other parts of the world, global competiton, edcuation, etc.

You have to stop the bickering and the name-calling and the blaming. We have to work out these issues together. For those criticizing Obama before he even takes office give it a rest will you. It wil do no good to continue the divisive talk when we all face the same problems. Stop listening to people like Rush Limbaugh who make their living being divisive. They laugh all the way to the bank because they make millions off people's emotions. Yes, Rush and his kind are taking advantage. Not of those who disgaree with his divisive tactics to earn a buck but those who listen to him and let him sway their beliefs and attitudes. It's no good.

If you want to see what you are leading this country to read up on the Russian revolution. Everyone stealing from, fighting and killing and abusing everyone else, their own countrymen. This country belongs to us. Not Obama or the Rush Limbaughs but us. Stop the fighting and bickering. It is divisive.

Jack from California   November 7th, 2008 12:13 pm ET

The republicans have pilfered the Treasury and now they want to offer advise on how to save money.

Well, my advise is to tax the people that raided the treasury in these past eight years after all that is our national income.

If anyone thinks that taxing the wealthy would have a negative impact on business, I would tell them to look at the mansions being built by the current elite. Here in California mansions starting at 6000 square feet and up to 10 of thousands of square feet are being built at a rapid pace so how is that helping create jobs other than the illegal immigrants construction workers?

bruce FORMER REPUBLICAN FROM MA.   November 7th, 2008 12:11 pm ET

Now it should be easy for all of those who are spewing this incessent
crap why their inept candidate wasn't elected...

America is looking for inteligent leadership for a change...

Wheather you like it or not you will also benifit from this election.

Yup its that old(69yrs)retired white guy , former republican from Ma.

Bruce

bruce FORMER REPUBLICAN FROM MA.   November 7th, 2008 12:09 pm ET

Now it should be easy for all of those who are spewing this incessent
crap why their inept candidate wasn't elected...

America is looking for inteligent leadership for a change...

Wheather you like it or not you will also benifit from this election.

Yup its that old(60yrs)retired white guy , former republican

Bruce

latina for Obama   November 7th, 2008 12:06 pm ET

To sweetie=
You are an idiot, I cant believe the things that you constantly post on this blog. its always the same things quoting something someone said or other. You are scary! You talk about gun toting and war and hatred soo much you are a hate monger and war monger just like the people you voted for. Please do us all a favor and buy up alot of food and water and go stay in your cellar untill 2016 if you think such horrid things are going to happen well let you know when its all over.
NOT!!!!

Simmy   November 7th, 2008 12:06 pm ET

Mr. President-Elect,

you had a lot of prayer surrounding you during your campaign. Those who prayed then will continue to pray that God will lead and guide you, and help you to make the right decisions. And when the complainers start, He will hold you up with His strength, just as He has always done! Keep up the good work – you are destined for even greater things!

Marc   November 7th, 2008 12:05 pm ET

Geraldine 'Back to my primary question – why do business in this country when it's a global economy and other countries appear to be far more favorable to corporations?'
And its starting to happen right now, after his election and before he takes off the 'elected' after the word 'president', or it's been happening for the past years, since the Clinton era (more or less)?
If the jobs are going offshore then it's time to change the policies that are meaking go that way. I repeat, it's time to CHANGE.
If the other countries appear to be far more favorable to corporations, then it's time to make the USA more favorable to them. And that can't be achieved by following the same policies that made the USA so less atractive for the corporations. Again, it's time to CHANGE.

Christine CT   November 7th, 2008 12:04 pm ET

Hi Betty,
I'm really not brainwashed, but disillusioned. The previous system doesn't seem to work well and I feel that a chane is in order. I realize that people who are well off give to charities; its true. But mostly those donations are also tax deductions, as well, which is lessening the pool.
Thanks for your kind and itelligent response, though...it's nice to disagree with civility! It's important that we are all open to new ideas!
:-)

MBuvia Greenwood,IN   November 7th, 2008 12:01 pm ET

I gave and my sister gave to Obama along with thousands of others-Too many believed the garbage and lies the McCain campaign put out in vain to get elected. So Tim from Ohio there is no scandal. And for all you who keep picking on the name Hussain -how about your middle name? You chose it right-NO, the parents chose it and we're stuck with it. Your Prejudice and hate showing thru-Obama will not be POTUS until Jan 20 so anything you don't like you may lay at the feet of GWBush and the Republican party that has been in control the last 8 years.Even though the Dems had control of House and Senate don't you remember Bush threatening to veto everything and majority seats do not give you veto proof control.

Marie Ontario   November 7th, 2008 11:57 am ET

A message for all the spiteful Republican trolls who still keep blogging and spewing hate towards Obama/Biden. Wake up and join the real world.

About 90% of the world is ecstatic over Obama being elected as they now see some hope for America in the future. The problem with the GOP supporters is they just don't know what is going on or what is causing it with the majority of the world 100 times more informed about what is happening in the U.S. as well as the rest of the world.

Rick   November 7th, 2008 11:55 am ET

To the 60 year old for Obama – you don't understand the stock market. The stock market is a leading indicator. It trades on where investors believe the economy and the particular companies are going. It doesn't so much for the past. The value of a company's stock is in what it will produce in the future. Taken collectively, the aggregate value reflects the perceived future of the economy.

james   November 7th, 2008 11:55 am ET

today the Dow Jones Industrial Average is up. we all know that chage is coming to this country.

Vegas Barbie for Obama   November 7th, 2008 11:52 am ET

They look so good. It is still surreal to me that we are actually going to have this competent, disciplined, MATURE duo leading our country. Juxtapose these two against the McCain/Palin and all the infighting going on even now as they have both climbed back under their respective rocks. Good riddance to grandpa and his redneck sidekick.

johnrj08   November 7th, 2008 11:51 am ET

Geraldine– the Prime Rate during the Clinton administration was considerably higher than after September 11th. Also, there was a budget surplus under Clinton and jobs were at an all-time high. After 9/11, George W. Bush launched his agressive homeownership policy. With rates plummeting following 9/11, he encouraged sub-prime lending practices and, at the same time, de-regulated. It was the combination of those two things at a time when the prime rate was at rock bottom that led to our banking meltdown. As the rate went up and "exploding" negatively amortizing mortgages escalated, foreclosures began to increase. And it will only get worse in the next 12 months.

Rick   November 7th, 2008 11:50 am ET

If Pelosi et al feel some sort of stimulus is immediately necessary, why did they spend the last 4 weeks out begging for their jobs instead of actually doing something. I guess they felt their own jobs were more important than the rest of the economy. But then again, is this relally a surprise?

Michael   November 7th, 2008 11:47 am ET

To Truth Hurts. Do you have any idea what truth is? You appear to be a brainwashed clone of the Republican dogma that has hindered growth in the US for the past 8 years. You are on these comment spots enough to suggest you either don't work, are independently wealthy or are ditching your work to spend time here. Time to be responsible for your own actions and words.
President Elect Obama is not even in power yet and your vitriolic comments are inane at best and are guided by something deeper inside you that is manifesting itself in a fashion that makes you look well, I won't say it.

Wait...What?   November 7th, 2008 11:46 am ET

I think Obama/Biden have a good idea of what they are going to do. And from what I remember from the great depression, from the history books, we have some of the same problems but not on such a drastic scale – high unemployment and a crumbling infrastructure. Kill two birds with one stone, goverment jobs. That's what FDR did and we are still driving over some of those bridges built back then.

Afraid of Taxes   November 7th, 2008 11:43 am ET

Don't you guys just love how all of the big investors are pulling out of the stock market this week? No doubt they are afraid of Obama's promise to double the capital gains tax.

Pat Pa.   November 7th, 2008 11:43 am ET

Tom and the rest of you egg heads.

Obama's grandmother did not want a big funeral. That was already announced days ago. They are going to hold a future, small, service, according to her wishes.

Times are changing re: funerals. He is where he belongs at this time. He can no longer do anything to help his grandmother and he went to see her, and tell her how much he loved her, before she died.

Stop all this pathetic crap trying to get people to go against this man. He is the people's choice and let's support him. He has an awful mess to deal with thanks to the Bush administration.

Daniel   November 7th, 2008 11:42 am ET

Truth Hurts, I've yet so see you make a single relevant post.

Do you know what the job of the CoS is? He is not involved in policymaking, and if he tries to implement a rogue agenda he'll find himself out of a job faster than you can say "lipstick."

CoS is a results-oriented position, and while Emanuel is not perfect, he's a man who will produce results. Stop whining about him picking "Clinton" people; if I recall, Mr Clinton will go down as a successful president, so what exactly is the problem with trying to follow his lead? You're completely missing the point of the "change" concept. It's US that has to want to change, he's just trying to help.

johnrj08   November 7th, 2008 11:41 am ET

People who were moved by what happened in Grant Park last Tuesday night should be aware of the blatant racism emerging in these internet blogs and Comment links. We all had this 'warm & fuzzy' feeling about America that night, but the reality is much uglier and more sinister. We have people living among us who are throwbacks to another Age. A lot of this has to do with the historically despicable campaign that the McCain/Palin ticket waged in the two months before the election. There are a lot of very gullible, ideologically-drive people who think everything their candidate says is gospel. But there is another, darker group that could care less about Obama's policies or the fact that he was the right candidate at the right time in our history. They are driven by hubris and deep-seated racism. It's not that their candidate lost the election in an electoral landslide. It's that a black man will actually hold the highest office in the land. The world, for them, is doomed because no black could ever possibly be a good president. We have a long, long way to go. Maybe another generation has to die out in some parts of this country before these troglodytes are weeded out of our culture.

Just a foreigner   November 7th, 2008 11:41 am ET

The negative comments below are the result of running divisive election campaigns ala "Palin/McCain" style... after the elections, telling your supporters to support your enemy seems superficial. Good luck to healing the your country's divide, President-elect Obama!

Botha Lenson   November 7th, 2008 11:39 am ET

Obama announced some more names of people who will be part of his staff:

Joe The Disgruntled Senator

Joe Six Pack

Joe The Plumber

Joe The VP

Jane the Hockey Mom

Boricua4Obama   November 7th, 2008 11:38 am ET

He's been elected for not even 72 hours and he's already hard at work. He knows that he needs to hit the ground running on Jan. 20 to start cleaning up the mess left by Bush.

We have to be realistic. It's a huge mess. It's not going to be cleaned up in his first 100 days and possibly not in his first half term. But he will work hard and do his best to start the clean-up and head us in the right direction.

He can't just wave a magic wand and make it disappear. He has the challenge of not only the magnitude of the financial and economic hole we are in, but also the animosity of so many Republicans who will probably refuse to work with him out of spite. Dick Luger already said he will NOT be in Obama's cabinet when he heard his name was on the list. Hopefully President Obama can get thru to them that they have to put their differences aside and cooperate in doing what's best for the country.

geraldine   November 7th, 2008 11:35 am ET

Marc – I don't need a PHD to counter a 5th grade level History acumen. It is a documented fact confirmed by Bill Clinton himself that his administration pushed Fannie/Freddie in 1999 to issue subprimes in the first place. But yep – Bush did not act aggressively enough to put a stop to it when there was considerable resistance from congress to do so.

Back to my primary question – why do business in this country when it's a global economy and other countries appear to be far more favorable to corporations?

Tim from Ohio   November 7th, 2008 11:34 am ET

I hope someone will ask Obama about the reports of campaign finance fraud his campaign perpetrated to get elected, including the receipt of funds from foreign nationals and multiple donations in small amounts by people such as "Good Will", in order to stay under the radar but exceed personal contribution limits. This election was bought and paid for by Obama's refusal to accept federal matching funds to limit contributions. When this comes out, and it will, all the 'good will' he has built up will collapse in a heap of fraud and corruption charges that will paralyze the country like the Clinton-lewinsky affair did.

thomas   November 7th, 2008 11:33 am ET

As the statesmen talk, the poor man suffers. And the economy worsens. The government should plan for such dramatic shifts in economic direction and develop automatic triggers to better manage government initiatives and avoid crises before they become cataclysmic. These initiatives should should be "real" in terms of improving growth and quality of life and should be designed so that they are integrated into seamlessly into the existing delivery systems.

democracynow2008   November 7th, 2008 11:31 am ET

Those trashing Obama need to stop .
If McCain were elected you would be honoring the next President Elect.
Your hypocrites because you really have no respect for the next President.

Obama has done nothing wrong it is you that spread your hate and fear that is unamerican thats not being American thats the opposite .

Give Obama a chance and if you say he is not uniter then it is you who are the deviders not Obama nor those who voted for him.

Barbara in NC   November 7th, 2008 11:27 am ET

President Barack Hussein Obama. Sounds good to me.

Some of you prejudiced people: IT'S a name, not a label, not a policy. A NAME. Google it, you might be surprised. Read the article in Salon.com. Educate yourselves OUT of your ignorance.

Another view   November 7th, 2008 11:24 am ET

Betty actually Christine has a point, depends on where the money goes, it could improve the country. Perhaps taxing Oprah and using the money to increase education spending and not building a school in a foreign land. Take care of our own first.

Bring on the flat rate tax, why shouldn't all American's (and illegals in this country) pay 20% taxes?

geraldine   November 7th, 2008 11:24 am ET

Betty: despite the typos that make it a little tough to ready, I agree fully with the spirt of your message. An undeniable truth few like to admit is that this country is funded by the wealthy and corporations. Over 80% of Americans acount for less than 10% of government tax revenue – fact.

Re: charity, I believe that INDIVIDUALS have a moral responsibility to help others that NEED help, yet it is immoral and inefficient for the government to take more of my money than necessary to provide a core set of services (military, police protection, fire departments, roads, etc.). If I was told that my imminent "tax increase" had to go directly to a battered women's shelter or food bank instead of the government, I wouldn't mind so much. Instead, every dollar I give to Barack Obama will be about 10 cents by the time it gets to anyone that needs it. Shameful.

BT   November 7th, 2008 11:22 am ET

For those who wonder why he is not in Hawaii planning his grandmother's funeral you might think – PRE-PLANNING!

My 78 year-old mother has already signed all papers to be immediately sent to a crematory and we are to only have a small memorial at her church, The United Church of Christ, in a small, all-white community where I grew up. She wants nothing more than that and all six of her children have agreed to honor HER wishes.

I support President Obama and will pray for those of you with such vile hearts that you cannot be Christian.

Truth Hurts   November 7th, 2008 11:19 am ET

Lets face Facts.

By making Rahm Emanuel Chief of Staff, Obama made it VERY CLEAR that he is not interested in anything anyone has to say.

"Change", cause it isnt coming. At least not from Obama, who is in the process of hiring every single democratic party hack he can get his hands on.

Marc   November 7th, 2008 11:17 am ET

geraldine November 7th, 2008 10:52 am ET
'If he delivers half of his campaign promises, today's job report will look like an economic boon.'
Show us your PhD in economics please. Show us any reason to let us believe that your statement is based on facts and not in 'bad loserus gravus', you know... the jealous disease that is spreading among most of the Republican bloggers.
I'll take the word of a Nobel Prize winner – who nearly TEN years ago predicted that if Bush kept the deregulation of the financial market growing as he seemed to want there would be HARSH consequences to us all, and he was right – about the pros and cons of Obama's Economic plans and ideas any day.
But of course, I'll have to wait until he becomes effectively the president (so he can put them in action) to see if a Nobel Prize winner or YOU are right on the moey...

Aisha   November 7th, 2008 11:16 am ET

I am so excited that Obama has started appointing people who are at top of their game and who understand their personal strengths. Now people we have to remember that the nation is on the brink of falling off the proverbial cliff of the economy and he needs to get the anchor in place for January 21st.

and that's President Barry Hussein Obama to you (tom)!!!

Virginia   November 7th, 2008 11:16 am ET

Well, at least this is a newsworthy piece, unlike the one about Nobama attending his kids' parent-teacher conference. Michelle stated in a Newsweek article recently that Barack will attend all events in his daughters' lives: parent-teacher conferences, recitals, etc., etc. When a world crisis occurs, and he has to go overseas, will he put it off because one of them has a recital or school event? I think not, but Michelle can dream, can't she. She needs to realize that EVERYTHING is now no longer private, even grandmother's funeral. They won't be able to sneak away for even a quiet dinner–hence the "private dining room" and executive chef in the White House. Get used to it President and 1st lady–life as you knew it is now over. Welcome to the fish bowl!

PS. Will this "await moderation" all day?

bonna   November 7th, 2008 11:16 am ET

Tom.... its people like you that sends this country upside down!! its people like you that become bitter because you have low -self esteem, looking for someone to blame your pathetic life on..... a typical hater!!!LOL

Truth Hurts   November 7th, 2008 11:14 am ET

Obama having a press conference today will be one of many where Obama is going to start backing off on his campaign promises and spinning the American people who voted for him away from "Hope" and "Change" and back to "Reality"

Reality is, the symbolism of Obama, as the first African American President, is very important, and great for America, and the world even.

As far as the rest of it, policy wise..."Change" is all that will be left in your pocket once he is done raising taxes in all sorts of ways.

Another view   November 7th, 2008 11:14 am ET

Good that he's looking at the global economy, too bad he couldn't spare a day off his campaign trail to do it when it erupted (as McCain did).

thomas   November 7th, 2008 11:12 am ET

Interesting that CNN hasn't taken the gloves off on Obama yet, I seem to recall that you took them off to beat up Bush 2 hours after the election was resolved. And you never had gloves on for Palin. So much for journalistic integrity.

I know you won't post this, you wouldn't want any opposing view to be seen!

Betty   November 7th, 2008 11:09 am ET

Christine, the problem is you have been brain washed to actually believe taxing the rich is going to make a economy better. The wealthy people are the ones that spend money, start small companies, you take their money away, tax theirs companies more, You will have lay offs and small businesses closing. Look beyond Obama's words. It just common sense. You make of your self what you want out of life and if you achive you should not have to take your money and spread it to all around. Most wealthy people give a great deal of their money to charity already. I know we have to pay taxes but not Obama's way.

Truth Hurts   November 7th, 2008 11:08 am ET

Obama is going to run head on into a congress that is interested in getting re-elected in 2 years. If Obama doesnt play nice, the democrats are going to start handing out the pork with out him

Either way, America loses with Obama.

Bigbubba   November 7th, 2008 11:08 am ET

I weonder if anybody has floated the name of T. Boone Pickens for Energy Secretary. As much as I think he is a hard headed conservative dinosaur, he does have a comprehensive energy policy much in line with what Obama has proposed. And it is in his field of expertise.

Not to mention that it would be like LBJ said of J Edgar Hoover:
"I'd rather have him inside my tent peeing out, than outside peeing in" Paraphrased for family reading, of course.

Truth Hurts   November 7th, 2008 11:06 am ET

Obamas economic summit? What are you talking about?

Bama for Obama   November 7th, 2008 11:06 am ET

To all you republican who can not stand the fact that President Elect Obama won... How long will you so called Christians hang on to your hatred? I don't know what world you are living in but not only were the Obama supporters happy, BUT THE WORLD WAS HAPPY; that is how bad republican messed up; their greed caused a crippled effect to the world.

arc, Lugano CH   November 7th, 2008 11:05 am ET

tom November 7th, 2008 9:38 am ET
why is Barry not in Hawaii for his "typical white" grandmas Funeral?
I would want to be there helping plan arrangements, and what not. Shame on you Barry Hussein Obama
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Millions or people suffer everyday through injustice, wars, genocide and famine.

Yet, poor white trash like you breathes fresh air.

Why is that?

L. Camille Mason   November 7th, 2008 11:04 am ET

To Tom:

your comment: why is Barry not in Hawaii for his "typical white" grandmas Funeral?

I would want to be there helping plan arrangements, and what not. Shame on you Barry Hussein Obama

First of all, SHAME ON YOU!

Secondly, in the words of Pres. Elect Obama and his sister Maya:

"Our grandmother was a private woman, and we will respect her wish for a small private ceremony to be held at a later date. In lieu of flowers, we ask that you make a donation to any worthy organization in search of a cure for cancer."

when there is a private ceremony to be held it is just that, private. You don't know what he and sister have discussed, you are not there and therefore are in no position to make jugement on whether or not funeral arrangements have been made.

You should try thinking before you make comments. Have some respect for yourself. If you are a TRUE American you'd know that no mater what side of the aisle you are on you are to respect the OFFICE that the man holds.

SHAME ON YOU!

Accountant Guy   November 7th, 2008 11:04 am ET

Good job Barack!! As the election proves, the vast majority of the country loves you!! We know you and Joe will get our country back on track!!

Accountant Guy   November 7th, 2008 11:03 am ET

Wow, he just go elected and has already done more than Bush!! We love you Barack!!

Crue   November 7th, 2008 11:02 am ET

meanwhile, in the real world, Ford cuts 2,260 jobs. Only the beginning folks.

Crue   November 7th, 2008 11:01 am ET

meanwhile, in the real world, Ford cuts 2,260 jobs. Only the beginning folks.

jess   November 7th, 2008 10:58 am ET

poeple are acting like.pres.elect.Obama has already been sworn in to office,at lease let him get in office,before you start blaming him.this is not the way to let our country heal.and that's got to happen.if this country is ever going to get back on track. [left,right or center] can't do it along.

Betty   November 7th, 2008 10:56 am ET

The economy's mess is not from Bush. The two reasons why we are in this mess are still in Congress and they need to be accountable for their actions, Barney Frank and Chis Dodd. Let's see if Obama is bi-partisan and hold them accountable for their misrepresentation of Fannie May and Freddie Mac. ( I won't hold my breath). So far Obama's cabinet chooses are not bi-partisan.

america wins   November 7th, 2008 10:56 am ET

you are the two most awesome people in america, God bless you both.

John Worden   November 7th, 2008 10:55 am ET

1st: Once Obama can start to impliment his plan the economy will start to show improvement. What needs to be done is GET RID OF NFTA AND CFTA. Right there is 2/3 of the problem with unemployment – losss of jobs. It is not fair just to look at what is happening now. We need to look at what got us in this mess and fix it. Bush and sending jobs overseas is what started the problem and it has only gotten worse. This country needs its' jobs back on american soil and strong union backing to prevent company's from doing it again.

mitch   November 7th, 2008 10:54 am ET

jim in texas. ur an idiot. most businesses and corporations are hurtin badly. barack wants to invest money in companies who keep and create jobs here. if they do well they will have to pay their taxes. if they dont do well they dont pay taxes. so shut up.

Euphoria Comedown   November 7th, 2008 10:54 am ET

Time to come down off the euphoria and for the rubber to hit the road. From what I've seen of the Obama teams communication strategy and plans, change will come mainly in the form of competence and transparency. This will be a huge shock to a system that has dealt in half-truths, omission, lying. The public mindset is firmly entrenched in the position of waiting for the next shoe to drop (Katrina, Guantanamo, Abu Grabe, Haliburton) and is more toxic/degraded than people realize. The first 100 days are going to be a big wake up to what the Bush year's really did to American consciousness and simply turning government back on the rails will come off as change at a blinding pace.

People have to be ready to return to normal governance, that's all.

Proud to be American   November 7th, 2008 10:54 am ET

We all know that the ecconomy is a mess and voted Obama in to clean it up.... it will not happen over night however, I feel that this President will include each and every one of us in the cleaning up process... God bless hiim!!!

Chris from St. Louis   November 7th, 2008 10:53 am ET

Market is responding well to Obama's economic summit. despite the worst jobs data in 14 years. With this kind of steady leadership, I am sure things will get lot better quickly ...

I'm very encouraged by such a quick action by Obama ... I also have atmost empathy ... his grand mother is still not buried yet. He is taking care of the business in spite of personal issues.

God bless ...

Christine CT   November 7th, 2008 10:53 am ET

I think in the interest of what America's newly elected President has asked of us, we should all ignore the hateful, bitter comments posted on this blog and other sites. Responding them only makes the writer feel legitimized and feeds into the paranoia that seems to be spreading throughout the radical right.
We all want to work together. We can't change anyone's mind, particularly the minds so firmly rooted in fear and resistance to change. As tempting as it is to try to convince others, it really is a waste of our efforts and we should focus on the greater cause, and work with those on board for change.
I'm going to try this- although some of what I read is so outrageous, it will take a great deal of restraint!

geraldine   November 7th, 2008 10:52 am ET

If he delivers half of his campaign promises, today's job report will look like an economic boon.

Honestly – if you were starting a company, why would you do it in this country under his proposed policies? Consider that he campaigned on higher capital gains and dividend taxes, "renegotiated" trade agreements, limits to executive pay and the 2nd highest corporate tax rate in the world. These are not talk radio talking points. Apologies, but it's a global economy – companies (i.e.: employers) can and should set up shop wherever they are positioned best to be globally competitive. In short, you can't be anti-big-business and pro-employment at the same time.

I pulled my money out of equities last week for this very reason. If he renegs on his campaign platform I'll re-invest.

The Stallion & The Champ vs. The Old Mule & Winky Half-baked Alaska   November 7th, 2008 10:48 am ET

Interestingly Mr. Obama has done more to work on and study the issues as they relate to the economy than Bush did during his full two terms in office.

Market watcher   November 7th, 2008 10:46 am ET

Here comes the first post-election chorus of "Blame Bush".
How about they just rename the Democratic party the "Blame-o-cratic" party.

R Wolf   November 7th, 2008 10:45 am ET

Do you think your small minds can put your hate and bitterness away for awhile and let our new President do his work to help our country. It was the Republican party that never had a plan, could only serve up hate and lies, and now they are turning on one another. President Obama hasn't even taken office, yet, and your party is attacking him already. Didn't the huge vote turnout, and win, teach you that the majority of this country wants to mend and work together.

Uncle Fester   November 7th, 2008 10:45 am ET

ran November 7th, 2008 10:07 am ET

The solution to this problem is simple. There are about 200million people over the age of 21 gice each $1million and we can stimulate the ecomomy over night and at a cost of only 200 million.

You may want to check your math

Person in Maine   November 7th, 2008 10:44 am ET

The amount of ignorance in some of you people is sickening

Now starts the excuses   November 7th, 2008 10:43 am ET

Obama knew full well what he was getting into – yes he is going to inherit a mess – "caused by both parties for years". He is getting what he wanted – to be in charge of fixing the "mess". Do not want to hear any excuses and the only press conference I am interested in is his "plan" not his speeches. We have listened enough to his empty speeches – no more. Just give us the "facts".

Joe   November 7th, 2008 10:43 am ET

His plan is going to be to raise taxes. Very creative. Let me tell you as a business owner it doesn't work. I own a business in Michigan and our governor raised the business tax. I had to lay off employees, cut back on health insurance for them and got rid of my matches on my 401K plan. Now what if Obama raises taxes as well? Its just more employees laid off. It's sad, but true.

Jazz   November 7th, 2008 10:43 am ET

Everyone should be glad that we have someone that can rule this country from different angles. Now just because he didn't pick yuu want, then that is your lost but I don't you should judge before you see the product. I know Obama will live up to his standards but we going to have idiots tearing him down from left to right. That is okay because Obama is a good man with bright ideas and they will work. Tear him down and he will defeat you. Tear him down and he will defeat you.

Tony   November 7th, 2008 10:42 am ET

Expect that job loss number to continue to go up in the future.

Hey, you idiots asked for it. At least the people who still have jobs will get a tax cut and be able to spend it on goods that are overpriced thanks to Obama's policies.

Hope that $500 is comforting!

john   November 7th, 2008 10:41 am ET

ran you got your math wrong
200 million time 1 million is not 200 million its more like 200 000 000 000 000.
Thats more like 200 trillion
sorry
Let the haters hate. Even when we will be out of the ditch they will claim it is because of good karma...
We the american people have overwhelmingly spoken. Now it's time to get to work with all Americans.

Joan , Ontario   November 7th, 2008 10:40 am ET

The post about Pres. Elect Obama not being in Hawaii planning his Grandma's funeral is very misquided. Have you not heard of telephones, blackberries, etc?. Obviously his sister and others are helping to plan this too. He went to see her when he could still visit with her and that is what counted. Some people cricized him for doing that because he was missing campaigning time. He also spent quality time with her a few months ago. He will obviously go at the appropriate time. You can tell how much she meant to him. If he had gone there now you would be criticizing him for not getting to work soon enough. Give the guy a break. Right now he is meeting with seventeen top economics advisors to help figure out how to get you out of this economic mess.

SIMP   November 7th, 2008 10:40 am ET

Tochi your dumb comment " if he dilly dallies his will have one term" Obama has only been in office 3 days as of today and he has already started to put his team together, shut up you idiot and keep your idle threats to yourself. It took 8 years to get us in this mess, it's going to take more than 3 day to get us out.

Dawn   November 7th, 2008 10:39 am ET

President elect-Barack Obama is doing the right thing, If anyone know that after a Republican President there is some sort of disaster, After Nixon was the Watergate and also a resession and it went into the Reagan Administration. Jobs did come back for a short time and then comes Bush 41. It went down hill after the Persian Gulf War. It took awhile then jobs came back again, when President Clinton left the Oval Office there was a huge surplus,so where did that money go?

10 Billion Dollars a month in Iraq, don't you think that the United States could use that? To fix our economy, new job creations, interstucture, to the car industries to develope new designs to bring into more energy efficiant.

With all the economic brains maybe we could get something done...

Bless this Country

Michael, Houston Texas   November 7th, 2008 10:39 am ET

First of Tom, your an idiot in the worse way. I bet you feel like your parents didn't love you Tom when you were a kid. I bet you were the loser who creeped all the girls out in your high school. By the way TOM, be an American and address your leader as President Obama, you snot nose crybaby! Anyway, it was the shape of the economy that pushed Obama past McCain, the guy has been President elect for less than 72 hours, the economy has been in a downward spiral for 6 years. Do the math. America has already regained it's credibility in most of the world, and he has not even begin to really make an impact. I think you who hate President Obama hate the fact that it took him 21 months what most President's never achieved, respect from the American majority and the world majority. If this is a sign of things to come, 2012 will be a cake walk for President Obama.

60 year old, white female for Obama   November 7th, 2008 10:38 am ET

All of you Republicans now blaming a president-ELECT for an economic disaster created by a republican PRESIDENT who is still in power!! The stock market is reacting to the news produced by failed Bush policies and there is NOTHING President elect Obama can do about it until after January 20th.

Tom: the fact that you felt obligated to put quotation marks around typical white grandmother indicates your sad bias. Obama's grandmother's role in Obama's life definitely caused her the same racist comments that you accord her in death.

Obama will continue tomourn her in his own way in December when he has done the duties she would be most proud of are done as he established his cabinet and his priorities.

Jay   November 7th, 2008 10:38 am ET

Dear Voter if you had any sense of directions you would have gather that one of the promise was to lower taxes back to the Clinton era. Now who knows best how that was done except the people who proposed and made that possible.

Give Obama a break because if he was lazy and not thinking about the future or us, he would be sitting on his azz until January and then confront Bush on the things he need to now. Maybe you are a Repub and don't like the way things are off to a quick start or just studpid as hezz. Now back off and let the man do his job just like the Dems backed off the Repubs for winning. Lets' think positive and stop the negative bull.

Carla Barnes   November 7th, 2008 10:36 am ET

Obama is the great deceiver, and "kill-the babies-Catholic" Smiley Biden goes right along after saying to the country that Obama is not fit to be president.

Bruce   November 7th, 2008 10:36 am ET

ran you said...The solution to this problem is simple. There are about 200million people over the age of 21 gice each $1million and we can stimulate the ecomomy over night and at a cost of only 200 million.

My question is were is and to whom is the 700 billion going to?

I have been askig the same thing and saying that what you say makes sense,...give it to us...it is our money anyway..and by the way if the government is getting stock int he banks that take advantage of the bailout, then we as the public and taxpayers are stock holders and should hold them accountable.

S. Boatman Warrensburg, Mo.   November 7th, 2008 10:35 am ET

This Is Something That President Bush Should Have Done Years Ago! But Since He Was Chosen Because People Would Like To Have A Beer With Him This Is What We Get! Republicans Know How To Who Elections But They Dont Know How To Govern! . . . And Now They Dont Even Know How To Win An Election! So Either Help Get This Country Back On Track And Stop Complaining Or Just Shut Up And Get Out Of The Way!

GARY   November 7th, 2008 10:35 am ET

WHY SHOULD YOU SHAME BUSH. HE KEPT US SAFE FROM TERROIST ATTACKS FOR YRS. YOU MORONS DONT THINK ABOUT THAT ,YOU HAVE TO MUCH HATE. THE DEMS. WERE INVOLVED IN OUR COUNTRIES PROBLEMS TOO,NOT JUST ONESIDED.LETS SEE WHAT YOUR BOY OBAMA CAN DO.I SEE OUR COUNTRY HEADED FOR A GREAT DISASTER.

Vicki5   November 7th, 2008 10:34 am ET

I hope Obama gives lots and lots of press conferences and public addresses. He should continue to empower people by keeping them very informed. He needs to get his messages out and across, often. This way, we the people will all be ready when we are called upon to help. God Bless Our Government and The United States of America.

Mike, Syracuse NY   November 7th, 2008 10:34 am ET

Pround Army and Navy Mom, wasn't Obama elected on the promise of bringing America (including Reps) together? How do your hateful comments serve his cause? If you are his supporter, should you not be emulating his behaviour? One third of America are registered Reps. The vast majority want their country to be successful, which means that Obama has to be successful. Obama has made a lot of promises. He's created enormous expectations. Now he has to deliver. And yes, not just Reps are watching and waiting.

Alice Brinkley   November 7th, 2008 10:34 am ET

Way to go, Messiah. When one-half of this country knows you have no clue on anything, way to go...

Wise White Guy   November 7th, 2008 10:33 am ET

Tom – Now that the election is over and McCain has thrown his support behind Barack...maybe it is time for you to start to do some thinking. I know McCain didn't go the extra mile in his concession speech to actually come out and tell you that everything they were saying about Obama (terrorist, welfare pres, socialist, marxist, baby killer, elite, etc) was nothing more than horrible political smears but you should probably have figured it out by now. It is time to stop visiting Drudge (shameful lies is all that is) Rush, Savage, etc and get over the fact that your guy lost. It makes no difference at this point. All that matters is this country and it is time for you to learn about all the lies McCain/Palin told you and get on board or get out of the country.

jon   November 7th, 2008 10:33 am ET

unlike John Mccain, tom, President Obama can handle more than one crisis at a time.

JJ   November 7th, 2008 10:31 am ET

Hey people we must remember that Obama has to really cut through a lot of shiz the Republicans have made and now they are trying to make the public seem as if Obama can't do the job. Well if we look at it we are cleaning up their mess. So people we have to take some bad azzez with us on our side to get the shiz cleaned up. No matter who you think may be the right or wront choice.

Remember Obama ran a clean campaign and he called the shots so hey he can still be the man. Now back off and bow down until we see where things are going. Stop making judgements before things happen.

S   November 7th, 2008 10:31 am ET

To all those so eager to criticize the man before he even actually takes office, tell me what have you done to make this country and our economy better? Aside from sitting on a computer lashing out at him and anyone who supports him.

Why is it so hard for adults to realize that we need to put our differences aside and work together? The insults and hateful words are really getting ridiculous.

Amy, Kazoo   November 7th, 2008 10:30 am ET

Tom,

is your village missing it's idiot or something?

who are you to judge how he deals with his grandmother's arrangements. perhaps she would have wanted him to behave the way he is. that is a private matter which none of us have anything to do with. And the constant invoking of the middle name and the condescention and insult you're trying to achieve by calling him "Barry" only suceeds in making you look like a sorry, little man. You poor baby.

unbelievable   November 7th, 2008 10:30 am ET

Comments like the one below are the real problem in this country!!! People cannot do simple math and wonder why the economy is in shambles. If we gave 200M people $1M each, that would cost us $200 TRILLION dollars!!! (about 280 times more than the $700 billion dollar bailout). Dividing up the bailout amongst 200M people, gives us each about $3500. Is that really going to solve this country's economic problems?

The solution to this problem is simple. There are about 200million people over the age of 21 gice each $1million and we can stimulate the ecomomy over night and at a cost of only 200 million.

My question is were is and to whom is the 700 billion going to?

Tochi   November 7th, 2008 10:30 am ET

Let there be a warning for Obama, if he dilly , dallies he is going to be a one term president

Dransem   November 7th, 2008 10:30 am ET

I believe that with all our help and cooperation, the economy will recover under Obama's administration. Yes we can.

KJ   November 7th, 2008 10:28 am ET

Someone get Tom a binky.

Wise White Guy   November 7th, 2008 10:28 am ET

Jim in Texas – I think you better do some more research. The smartest economic minds in the world have endorsed Obama's plan. Nobel Prize economist, CEO of Google, Warren Buffett, etc. The list goes on and on so you better stop and check where your getting your information from. I strongly suggest you and everyone else in this country turn off Rush, Savage, Fox, etc. They are nothing but super rich people looking out for their OWN pocketbooks. Barack is looking out for everyone and it is about time you started to realize it. Please take not to the fact that he can really do nothing until he actually is the President. The economy now has nothing to do with him. If you pay attention you will see the poor earnings reports coming in now are driving the market along with the credit crunch that most are just starting to feel. Obama saw this all coming two years ago. Think about that!

Harhar   November 7th, 2008 10:25 am ET

""""ran said November 7th, 2008 10:07 am ET

The solution to this problem is simple. There are about 200million people over the age of 21 gice each $1million and we can stimulate the ecomomy over night and at a cost of only 200 million.

My question is were is and to whom is the 700 billion going to?""""

200 million multiplied by 100 million is not 200 million. Check your math there buddy lol. It's actually about 2.0 × 10^16 dollars...

Glenn Doty, Columbia, SC   November 7th, 2008 10:25 am ET

A quick math check for "ran"

Giving 200 million people one million dollars apiece would cost 200 TRILLION dollars. That's roughly 14 times our current GDP, or roughly 20 times our current national debt.

I think we need to consider solutions with more reasonable price tags.
:)

Dino   November 7th, 2008 10:24 am ET

Republicans are slime.

S Ammons   November 7th, 2008 10:22 am ET

What can you say except thanks to President Bush for leaving us such a mess! This is why Obama was elected.

Catholic-mom-4-OBAMA   November 7th, 2008 10:22 am ET

@ "TOM" WHY ARE YOU SO JUDGMENTAL? SHAME ONE YOU! HOW DO YOU KNOW THAT HIS GRANDMOTHER TOLD HIM DON'T WORRY, JUST DO WHAT YOU HAVE TO!

THANKS TO BUSH, we have a disaster on our hands. Its ALL of us, who have inherited the disaster.

Over $10 TRILLION in debt to China, Saudi Arabia & Dubai

Over ONE TRILLION dollar deficit!

Over 760,000 jobs LOST!

Interesting how the far-right-folks on these blogs never say "SHAME ON BUSH"???

Wise White Guy   November 7th, 2008 10:20 am ET

Brilliant team so far. Keep up the good work Mr. President.

S. Boatman Warrensburg, Mo.   November 7th, 2008 10:20 am ET

Keep Surrounding Yourself With Smart People And Not Regular Hockey Moms And Joe Six Packs And You Will Be Able To Do A Lot In A Short Period Of Time! No More Average People As Our Leaders! Lets Get The Best And Brightest This Country Has To Offer!

Doug R.   November 7th, 2008 10:19 am ET

Bush/ Cheney have not accepted any responsibility for and run away from the economic chaos they have created and the crisis they have put this country in.
When the Supreme Court appointed Bush took office, this country had a budget surplus. Now we are hundreds of billions of dollars in debt.

Charles L. Shaw, Liverpool, NY   November 7th, 2008 10:16 am ET

I’ve come to the conclusion that I’m just a slave no matter what or where. I’ll work hard my whole life and others will walk off with my ‘fruits’ anyway. Be it government, employers, children, co-workers, or the guy down the street. See the boot marks and tire tracks on my back??

Unfortunately, I can’t work any less than I do right now and I can’t slack off – my internal code won’t allow it even if I just want to say f**k it all. Besides, I’ve never been able to get the government and all the programs out there to work for me. I’ve been turned down any time I’ve been desperate enough to ask. They are out there to work for everyone else, I just have to fund them.

Sweetie   November 7th, 2008 10:16 am ET

Those of us that HAVE are buying guns at record rates!

The have not's elected into office a Left Wing Nut Job wearing Training Pants who plans on building up a Domestic Army!

Those of us that HAVE are preparing ourselves for Civil War II!

In the words of an Early American just before the Revolutionary War

"Keep your cellar stocked and your powder dry!"

A truly sad time for this great nation!

We needed an American Hero but received an Anti-American Marxist!

KC   November 7th, 2008 10:15 am ET

President-elect Obama.....will you please launch an investigation into the Senate's handling of the mortgage crisis meltdown? I realize this is all your "buddies"; however, these people are responsible for the condition of this nation and they don't need to be given the combination to the safe when it is they themselves who refused to stop the snowball from rolling 6 years ago and infact probably pushed that snowball down the hill to begin with. Also, will somebody please force California to impose some stricter mortgage and lending criteria? In the past 30 year they have lead the nation 3x (at least) in mortgage/housing crisis and apparently, they just don't get it. Obviously, the don't have the intelligence to live within their means so will someone please take away their checkbooks?

torsten akerberg   November 7th, 2008 10:15 am ET

Congratulations to all of you Americans to a man I think will change the minds and spirits of many people in the world, friend or foe! We all need to pick up the best of our emotions/energies to solve a lot of the problems we have in common!
Greetings from Sweden!

Karen - Proud of This Country   November 7th, 2008 10:13 am ET

Obama not wasting anytime and he's really smart, so I know he will choose the right people. This is exactly what our country needs so we can show the world we have a great leader. Those Bush, non thinkers are gone becasue they ran this country in the ground. Now it's time for new blood because a new day has dawned.

Obama get us back the respect of world leaders which we so deserved.

d   November 7th, 2008 10:11 am ET

He realy need to hit the ground running and we need to help him.

CT INDY   November 7th, 2008 10:10 am ET

I've seen alot on nasty comments from both sides on this commentary board. And thankfully a lot of good hearted comments of inspiration of hope. However this one below made me ashamed for CNN.

Lilarose in Bandon, Oregon November 6th, 2008 10:07 pm ET

"...locate your kids and start taking care of your baby. Don't saddle your older kids with your BIG GENETIC MISTAKE of having a child way way way too late in life."

I can't believe this poster is actually blaming the parent for a child's disability and attacking the choice to have a child. Attacking an innocent child and calling them "BIG GENETIC MISTAKE" is despicable.

I want unity and for our new adminisration and this kind of divisive behavior deserves to be called out !!!!

GINA, OHIO   November 7th, 2008 10:10 am ET

GREAT CHOICES PRESIDENT OBAMA!!! I STILL DONT UNDERSTAND WHY BUSH ISNT DOING THIS RIGHT NOW! STEP UP TO THE PLATE BUSH! WE NEED HELP NOW!!

Michelle, PA   November 7th, 2008 10:08 am ET

The economy is the issue now and will be for some time, maybe years. I'm very interested to see who he picks for his Treasury Secretary and the rest of his team. Judging by the list in this piece, he is looking in the right places.

ran   November 7th, 2008 10:07 am ET

The solution to this problem is simple. There are about 200million people over the age of 21 gice each $1million and we can stimulate the ecomomy over night and at a cost of only 200 million.

My question is were is and to whom is the 700 billion going to?

Jim in Texas   November 7th, 2008 10:03 am ET

Industry and investors have no confidence in Obama just fact.........here is a man that wants to place more Tax burden on business/industry and capitol gains. Everyone is preparing for the worst to come under a Obama administration, we have not seen anything as of yet........the stock market is a prelude to what is coming. Very well known (smart) people have said Obama is going to shove the U.S. into a depression.

Dannette   November 7th, 2008 10:02 am ET

Mrs. Palin has my sympathy, she now knows what it's like for someone to try and destroy her reutation. I wish her well. God bless the Obamas. I love our beautiful and elegant, first lady

EW   November 7th, 2008 10:01 am ET

Obama is smart. I hope he gets some real econiomic advisors.

My grandpa used to say, "so soon smart, so late wise". I figured out the meaning before graduating high school.

I'll leave it up to the readers to figure it out on their own.

History will be the judge of us all....

Those that would sacrifice freedom for security deserve neither.

S. Boatman Warrensburg, Mo.   November 7th, 2008 10:01 am ET

If Obama Keeps Surrounding Himself With An All Star Team Things Are Going To Get Done!

Voter   November 7th, 2008 9:59 am ET

So far it looks like the Clinton Administration without the Clintons.

Good thing Bill knows how to pick 'em!

But CHANGE? Hardly.

Don't you have any ideas of your own, Mr. O?

Jeff from Atlanta   November 7th, 2008 9:59 am ET

I didn't vote for him, (because I disagree with many of his views regarding government regulation, taxes on corporations and on wealthly individuals, immigration), but feel he IS going to be president and over 50% of the people thought he was the better choice for whatever reason, informed or not, and he deserves a chance to do what he promised with the people helping him that he feels are the best. He won that right. I just hope he is successful with the economy.

Shari, NY   November 7th, 2008 9:58 am ET

Mayor Bloomberg of NYC has done some brainstorming and come up with plans of his own to tackle the crisis. First up is the elimination of the annual $400 tax rebate for home owners. Sigh!! The plan to charge 5 cents for the use of each plastic bag when buying groceries seems like a good idea. In addition to garnering coins for the coffers, it is ecologically wise. It is a shame to dump perfectly clean plastic bags after unloading the groceries.

Mike   November 7th, 2008 9:56 am ET

Keep your friends close and your enemies closer! All you Republican critics. Obama's choice of Rahmbo makes you a little queasy. What did you expect, for him to reach across the aisle for his first and probably most important choice? Get serious. There is plenty of opportunity of bi-partisanship in his remaining staff selections. He isn't even a week into transition and you can't help yourselves from lobbing shots his way. You've had plenty of opportunity to do so before the election and Obama was elected anyway. Give it a rest. It is not President Elect Obama's fault that another bad month for unemployment happened. It is not his fault that the stock market continues it's bumpy road. Don't believe that either John McCain or Sarah Palin will have a place in his administration, but there will be some top level Reps. I hope there will be more top level Dems as it is truly time to turn the page on a failed Bush administration.
Good luck finding the new direction of the GOP!

Dannette   November 7th, 2008 9:56 am ET

I just want to say that the First Lady (Michelle) is really beautiful, and elegant. My sympathy goes to Mrs. Palin, who now understands what it is like to have someone try to destroy her reputation, I wish her well. God bless president Obama!!

JL   November 7th, 2008 9:55 am ET

These are some scary times, but President-Elect Obama is meeting with his financial team this morning and tends to make well thought out decisions. Hopefully they can find some solutions.

Tony   November 7th, 2008 9:55 am ET

Expect that job loss number to continue to go up in the future.

Hey, you idiots asked for it. At least the people who still have jobs will get a tax cut and be able to spend it on goods that are overpriced thanks to Obama's policies.

Hope that $500 is comforting.

Lani in Los Angeles   November 7th, 2008 9:53 am ET

For the first time in my life I'm proud to be an American.

J   November 7th, 2008 9:52 am ET

Yes, being the President is definitely one of the toughest jobs there is. greatchristianmovies.com

Tom.   November 7th, 2008 9:52 am ET

More jobs lost to come. Good luck 2 Barack Husssein Obama.

CanIcallyouJoe   November 7th, 2008 9:52 am ET

Well, I really hope President-elect Obama can deliver a grouping of people that will get the job done the right way, and satisfy the expectations of a government that is bipartisan and effective. Honestly, all political parties seem a bit carnivorous at the moment; Picking away at every move he's making.

Let us not forget that both George Bush Sr. and Bill Clinton made some unpopular choices for their teams as well.

Jaye   November 7th, 2008 9:49 am ET

I am so looking forward to our new administration, and have complete faith in President Obama's decisions.
The republicans (Boehner in particular) are already sharpening their claws and getting ready for a fight – they need to stop the nonsense and work with our new president to get our country back on track.
I am so proud of our country, and will support the Obama administration in any way possible.

Money   November 7th, 2008 9:48 am ET

It is not all about money, that made this nation great. Shame to Mr. Obama, getting support from the extreme liberal leftist, and the socialist all over the world, compromising is the first step to total destruction, completely contradictary to what our fathers such as George Washington, Abraham Lincoln and Ronald Reagan stand for. Why did God bless America in the first place, in the traditional values of our founders? Guess God's hands are no longer upon our beloved country and the world, and we are on our own now, with human limited wisdom and knowledge, and history has proved it disaster.

Jeff S.   November 7th, 2008 9:48 am ET

p.s. my comment was aimed at the Dog Bites Reporter story you posted on your front page. I have no idea how it ended up here.

Dianne   November 7th, 2008 9:47 am ET

Interesting that today's Labor Department figures of October job losses was at 240,000 but included an adjustment to the figures for August & September of an additional 179,000 job losses.

Could it be that the numbers were fudged to reflect a rosier picture during the Election campaign?

In all the USA has lost 1.2 million jobs since January 2008.

Remember folks! There is only one President at a time, and the current President, George W. Bush, needs to answer for this CRISIS in the Economy & the Republican/GOP/Bush Administration of 'laisez faire' policies of deregulation & out-of-control spending that has occured under his watch.

President-Elect, Barack Obama, is not President until noon, January 20th, 2009. I am certain he will call for confidence & flexibility at his press conference this afternoon at 2:30 PM today.

Biff   November 7th, 2008 9:47 am ET

Emanuel will help solve the problem. He has experience serving on the board of freddie mac during 2000 & 2001

Independent-Gurnee, IL   November 7th, 2008 9:46 am ET

You want to get the economy going? Reinstate the tariffs. Prior to the income tax of 1913, our government received nearly 100% of its revenue from import tariffs. Income tax paid by US citizens was voluntary.

Another way, raise the tax rate for companies that manufacture goods outside of the US, but sell here to 50%+. Reduce companies that manufacture/produce product in the US to 15%.

I know this is not a "popular" idea, but we are killing ourselves attempting to compete with "cheap" child/slave labor and have an average tariff on imports of 3%, when other trading countries tax our goods at a rate of 25%+. It hypocrisy at the utmost.

CNN will likely not post this as the media in general can barely manage to acknowledge that the failed economic policies are 100% owed to shipping nearly 100% of our industry to other countries. Steel, clothing, food, you name it. The only thing that the US is truly exporting is DEBT.

Jeff S.   November 7th, 2008 9:46 am ET

Dear CNN,

Don't you guys subscribe to the AP wire? Or God forbid you send some reporters out to cover some real news? There is enough BS on the other so-called news channels. You are CNN. You used to be the NY Times of TV. What happened?

Crap.

The New York Times had a fantastic story the other day about a wounded Afghan man and the military's frantic fight to save him. Yes, it cost money to send reporters around the world, but it was real news gathering and a riviting story. It put a human face on a war that is all but forgotten.

We need you to do better. You are CNN - not MSNBC, not Fox. Please.

proud army and navy mom   November 7th, 2008 9:42 am ET

you all notice how the repugs has No answers just criticisms. They are so irrelevant now. They can't wait to pounce on every syllable that comes out of his mouth. They are truly obsessed with him.

Repugs should try and work for the good of this country instead of tearing it down. That would be truly patriotic.

Spencer/Virginia   November 7th, 2008 9:42 am ET

I love the fact that he has more than one person to consult with on the economy.

KJ, GA   November 7th, 2008 9:40 am ET

Obama/ Biden are more than capable of handling the economy and healing our nation. Obama will pick an oustanding team to serve along with him.

I'm very hopeful for the future!

tim   November 7th, 2008 9:40 am ET

The best thing for the economy would be for Obama and Biden to
resign. Obama has never had a job and Biden is a flak for trial
injury lawyers–the guys who destroy small business–these guys are
hopeless
i

Linda   November 7th, 2008 9:39 am ET

We must remember president elect Obama did not get us into this mess and it took at least eight years so it going to take at least four to make a dent in cleaning up this mess. Everybody needs to be patient and let president elect Obama do what he feels he needs to do and support him both democrats and republicans. God bless president elect Obama and God bless america.

THE END OF AMERICA by OBAMA   November 7th, 2008 9:38 am ET

Puke on obama,carl cameron and the rest of the msm. What a bunch of losers.

Bruce   November 7th, 2008 9:38 am ET

It will be intersting to see what he has to say.
I am sure it will be hopeful but also temepered with the fact that we are all going to need to sacrifice.
He is inheriting a mess,

tom   November 7th, 2008 9:38 am ET

why is Barry not in Hawaii for his "typical white" grandmas Funeral?

I would want to be there helping plan arrangements, and what not. Shame on you Barry Hussein Obama

Matt   November 7th, 2008 9:37 am ET

Embargo China and pull all our manufacturing home. Enough of these experiments with melamine as a WMD.

KJL   November 7th, 2008 9:35 am ET

You can bet that Obama's first priority will NOT be decorating his new office. This man means business.

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