November 7th, 2008
03:09 PM ET
6 years ago

Obama: Economy to be top priority

President-elect Obama met with his economic advisors Friday before holding his first press conference since the general election.
President-elect Obama met with his economic advisors Friday before holding his first press conference since the general election.

CHICAGO, Illinois (CNN) - In his first public remarks since he delivered his victory speech Tuesday night, President-elect Barack Obama vowed Friday that restoring the nation's economic equilibrium will be a major priority of his administration.

"I do not underestimate the enormity of the task that lies ahead," he told reporters at the Hilton Hotel. "We have taken some major action to date and we will take further action."

Obama said that, if the lame-duck Congress fails to reach an agreement on a stimulus package before he takes office January 20, passing such a package will be his first move.

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soundoff (165 Responses)
  1. J.- Michigan

    Some people are upset the Obama is going to tax the wealthy. I say great!!! It's long overdue. They have NEVER paid their fair share in this country, while the rest of us pay 28%, etc. I only make $80,000 a year, and I have to pay 28%. I say get rid of the rich folks tax shelters, loopholes, and everybody pay their fair share. It's about time!!!!

    November 7, 2008 03:13 pm at 3:13 pm |
  2. It begins...

    Already trying to downplay the promises made during the campaign. I thought BO would fix all this and get us out of Iraq in a month. Or was that just campaign lies to dupe people into voting for him? Time will tell.

    November 7, 2008 03:13 pm at 3:13 pm |
  3. robrubin

    The economy top priority? You don't say!

    November 7, 2008 03:13 pm at 3:13 pm |
  4. Ian

    If the economy is his top priority, why is he urging congress to print even more money out of thin air. Inflating the money supply is only going to cause higher prices!!!

    November 7, 2008 03:14 pm at 3:14 pm |
  5. Linda32

    President-elect is so integillent! We will be well served.

    November 7, 2008 03:16 pm at 3:16 pm |
  6. Alex @ VA

    What concerns me is that CNN showed the DOW Ticker during his speech, and as President-Elect spoke the Stock Market lost 100+ points. I think it took away from the speech, and was distracting.

    Out of courtesy to the President-Elect CNN shouldn't have shown that. It made it like the stock market was tanking during his speech. It was like the markets were reacting to what he was saying. Or was it?

    November 7, 2008 03:16 pm at 3:16 pm |
  7. Gerald Asare

    Hear Hear, Mr. President – elect has spoken and let all who hear listen

    November 7, 2008 03:17 pm at 3:17 pm |
  8. Bingo

    Just finished watching President Elect Obama's first press conference. Is it just me, or did anyone else get the impression that it was a scripted event with the reporters asking predetermined questions in a predetermined order? Seemed odd that after answering one question he would look down at the lecturn to select the next reporter's name instead of looking up at the audience to see which reporter had his/her had up. Then his answer sounded like scripted talking points that didn't exactly match the quesiton. Struck me as strange.

    November 7, 2008 03:17 pm at 3:17 pm |
  9. Linda32

    It begins...
    It sounds like you never read his policy. Go read the, I'm sure you will learn something.

    November 7, 2008 03:17 pm at 3:17 pm |
  10. Ian Minneapolis, MN

    Man I hope he is everything he claims. I voted for him and I love him now, but if he doesn't prove it, there will be angry people out there, especially me.

    November 7, 2008 03:18 pm at 3:18 pm |
  11. change is in the air

    he isnt even in office yet...give the man a break! at least he is trying to make changes for us...which is ALOT more than we can say for our current office holders!

    November 7, 2008 03:18 pm at 3:18 pm |
  12. Debby

    No kidding about the economy Obama. My guess those taxcuts won't come anytime to soon which would be a smart idea.

    November 7, 2008 03:18 pm at 3:18 pm |
  13. Heidi From OKC

    It begins... November 7th, 2008 3:13 pm ET

    Already trying to downplay the promises made during the campaign. I thought BO would fix all this and get us out of Iraq in a month. Or was that just campaign lies to dupe people into voting for him? Time will tell.
    Barack is not even the President yet. Not to mention he said getting us out of raq would take 16 months.

    November 7, 2008 03:19 pm at 3:19 pm |
  14. Don't pat yourself on the back too quick

    In the aftermath of its warm, fuzzy glow, tears of joy are shed and proclamations made by people on their knees, hands clasped, looking gratefully skyward in thanks, sobbing women on the View, cry elation for a supposed landmark election for Civil Rights, an historic campaign for the first Black President.

    While Farrankan describes Obama as the “coming new Messiah” David Gerber on CNN likens him the “Jeremiah to Martin Luther King’s Moses” (huh boy…)

    As Oprah Winfrey triumphantly proclaims “America did the right thing”,

    I seem to be the only one to notice that
    • gay people still aren’t allowed their constitutional right to free speech, to call their unions marriage, nor right to Taxation with representation and have legal marriage, that
    • the most qualified candidate, a woman, was dismissed in a media blizzard-smear campaign of misogyny, lies and phony polls, had to
    • beat her opponents in 21 consecutive debates, still loses to the most unqualified candidate in history simply because he is a man. He voted 131 times "present". We needed a Madam President, not a mr. present.

    He got more votes, for and against, than any other candidate in history. Americans remain divided more than ever.

    It’s time now for the corrupt Obama to return the favors to his corporate hedge-fund backers for the 90% of his raised 700 million, (oh, you thought it came from small donations on the internet? Ha, ha). They still own America (and Obama).

    Rahm Emanuel, the most contentious frontman Obama could hide behind,...tsk tsk...

    Now delusional with a new sense of equal rights, America remains a hypocrisy ruled by corrupt corporate bigots.

    November 7, 2008 03:20 pm at 3:20 pm |
  15. Faith Restored

    I love watching the spoiled brat immaturity of the GOP as all their bluster is brought to light and lies they told are being shown as the major reason our country stood up and said hell no to them this time.

    November 7, 2008 03:20 pm at 3:20 pm |
  16. Laverne

    Obama is the President Elect, he has not taken office YET. There can only be one president at a time. You voted for George Bush and did not complain for the most part until trouble hit your pockets, you can be more patient. What person in their right mind thinks Obama can fix the world in 3 days let alone 4 years. One of you are just looking for any reason to critcize this man. If Obama being POTUS bothers you that much, there is always, Canada, Europe, or IRAQ. Take your pick!

    November 7, 2008 03:20 pm at 3:20 pm |
  17. California Gold

    Congress has been put on notice. That means both side of the aisle are put on notice. Fair enough.

    November 7, 2008 03:20 pm at 3:20 pm |
  18. becky

    Obama has said all along that it will take time to climb out of this monstrous mess handed to the people of America by the current adminstration.
    Those of us who UNDERSTAND the current crisis know that it will take time and hard work.
    When Bush went into office the economy was sound and the budget balanced. Wow, he was lucky after all, but through his enormous incompetency he has squandered the future of our children and grandchildren.
    I voted for Obama based on intelligence – we just couldn't take another four years of less than intelligent thinking in the White House.

    November 7, 2008 03:20 pm at 3:20 pm |
  19. ANGIE

    FAIR TAX CUTS FOR EVERYONE! NET NET !

    November 7, 2008 03:21 pm at 3:21 pm |
  20. ohio

    "it begins"....you have no idea what you are talking about and it is sad.

    November 7, 2008 03:21 pm at 3:21 pm |
  21. It Begins, please get some help

    I would say to please give him a chance, you gop/rnc neo-cons are so mean, you want him to fail for no reason. You are very bitter and need some psychological help, maybe you need some counseling to help you get through the fact of having a black President. I will keep you rnc/gop neo-cons in prayer because healing WILL take place in Jesus' name, and I say Amen to that.

    November 7, 2008 03:21 pm at 3:21 pm |
  22. THE O

    Off topic but it feels so good to have a president with brains.

    November 7, 2008 03:21 pm at 3:21 pm |
  23. Vince

    Obama never said anything about removing troops from Iraq in a month. He set a target of 18months to begin the withdrawl. He also said he would do it responsibly, which I interpret to mean it could take longer depending on circumstances.

    November 7, 2008 03:22 pm at 3:22 pm |
  24. Tiffany

    Once again "It begins..." – when did President Elect Obama ever state he would fix the economy and get out of Iraq in a month? It took us years to get into this MESS...You are hilarious!!!

    November 7, 2008 03:22 pm at 3:22 pm |
  25. Deb

    Give it a break It Begins...he has not even taken office yet. Also, the troops will be withdrawn from Iraq in a responsible manner and the second economic stimulus package was part of his campaign promise. Try and remember that inaguration day is January 20th, until then he is a President-Elect.

    November 7, 2008 03:23 pm at 3:23 pm |
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