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.

Full story

soundoff (165 Responses)
  1. E.J. FROM NE.

    Flat tax the rich 20% no loopholes for them. Git started on the energy program and stop all our hard earned money from going overseas. Stop companies from sending all the work overseas. Like vise gripes going to China building a factory over there for 17 million when an upgrade here in Nebaska could have saved 450 jobs at a cost of 3 million.

    November 7, 2008 03:36 pm at 3:36 pm |
  2. Charlie Bradley

    For "It begins" he never said he would end the war in a year. He said that there should be a definite time table for ending the war, unlike the current administration's open-ended policy on the war. I say President Obama is on the right track: taking care of home before taking care of foreign affairs.

    November 7, 2008 03:37 pm at 3:37 pm |
  3. Chad

    Wow! He's not even sworn in and people are already expecting miracles. He's a president, not a savior that can make it disappear.

    November 7, 2008 03:37 pm at 3:37 pm |
  4. Larry Schlueter

    If you need to talk about something you seem to have no knowledge (paying taxes) then spend a little time looking for facts and not so much time on writing comments. I see the comments continue from the democrat people showing their lack of knowledge.

    November 7, 2008 03:37 pm at 3:37 pm |
  5. Richard

    they have 750 billion dollars to try to fix the ecconomy how bout give it back to the people and let people use it to pay for there houses insted of the gov. giveing it to the banks let the people give it to the banks and pay off there homes in the process.

    November 7, 2008 03:39 pm at 3:39 pm |
  6. LyonsPhilly

    Can't please all of the people all of the time................
    A watched pot never boils..............
    At least wait until he's inaugurated..............

    Good grief.
    VULTURES!!!!!!!

    November 7, 2008 03:39 pm at 3:39 pm |
  7. David Newport, OR

    He hasn't even taken the oath and already he has put more thought into any decision than the present administration has in 8 yrs. Sit back doubters...watch and learn. This will not be fun for either side of the aisle, but it must be faced if we want our children to have a future.

    November 7, 2008 03:40 pm at 3:40 pm |
  8. Jeff from Atlanta

    To J Michigan,
    What is fair, you pay 28% and higher incomes pay 50%?
    Or is fair everyone pays the same percentage.

    I thought fair was equal, not I pay more because I was smart, fortunate, hardworking, or whatever and you were not.

    Fair would be we each pay the same dollar amount regardless of how much we make. I do not get any more protection, parks, roads, or anything else more than you for what I pay.

    So tell me again your definition of fair.

    This should be good?!?

    November 7, 2008 03:40 pm at 3:40 pm |
  9. Donkey Party

    How's this for name calling? It begins, you are a douchebag.

    November 7, 2008 03:41 pm at 3:41 pm |
  10. rj

    Why not give everyone $50,000. Still would be cheaper than giving wall street a bail out.

    November 7, 2008 03:42 pm at 3:42 pm |
  11. indiePA

    I wish him well, but it's not going to be an easy task. One thing that you don't hear from very many in either party concerns the enormous amount of taxpayer money that goes into the education, healthcare and incarceration of illegal immigrants. This runs into the billions of dollars and must stop! And there is NO WAY that social security should be paid to illegals as a result of their work in the U.S. What don't they understand about the word ILLEGAL??

    November 7, 2008 03:42 pm at 3:42 pm |
  12. Andre

    Is 'It begins' silly?? He hasnt even been sworn in as yet. Calm down.

    November 7, 2008 03:42 pm at 3:42 pm |
  13. Soccer Nana

    Wise leaders make wise decisions; that means they DELIBERATELY choosing those who are to "work" with them. Give the President Elect time to wisely choose his cabinet.

    It begins. . ., the man has to establish his cabinet BEFORE he takes office in 70 plus days. Be patient.

    Question: Did the present adminstration "fix" things?

    November 7, 2008 03:43 pm at 3:43 pm |
  14. Chris

    Obviously, Obama understands the economy very well

    1. He knows that things are so messed up, the economy will take a decade to come back if we do nothing artificial.
    2. We have to tax someone to inject money and capital into the economy. Since the rich are not taking action, it is time for them to start paying their fair share, and carry the economy by paying just a little bit more.

    November 7, 2008 03:43 pm at 3:43 pm |
  15. SDunn

    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.
    ------------------------------–
    First of all he never promised to get Iraq out in the first month, only Hillary promised to start removing troops in 60 days. Also he never said everything would be ok right away. He said it would take some time! Get over yourself. He can't take a magic won and pretend he can wish this mess away. What a joke.

    November 7, 2008 03:43 pm at 3:43 pm |
  16. Soccer Nana

    Wise leaders make wise decisions; that means they DELIBERATELY choose those who are to "work" with them. Give the President Elect time to wisely choose his cabinet.

    It begins. . ., the man has to establish his cabinet BEFORE he takes office in 70 plus days. Be patient.

    Question: Did the present adminstration "fix" things?

    November 7, 2008 03:43 pm at 3:43 pm |
  17. CanIcallyouJoe

    Yes, it is top priority and you know exactly how long it would take to draw up a good rescue plan for it. There must be loads of unrelated data to consider and the impact of all the Bush-ites withdrawing their war profits from the reserve and moving it to whichever country they built their escape mansions in.

    Also, @ J.- Michigan at 3:13: Careful man. $80,000 is a lot of money to some people. I only make $18,000 a year working forty+ hours a week. Congrats on your success, but don't take it to heart if someone calls you out for making what they would consider "rich" money.

    November 7, 2008 03:43 pm at 3:43 pm |
  18. Bruce

    He is notr running the country now...it is still Bush so do not expect things that he wants to do to be done now.
    As he said Presdient bush is still in charge....

    November 7, 2008 03:45 pm at 3:45 pm |
  19. Rob

    Hey! The stock market is up today. I want you right-wingers to credit Obama for that the way you laid blame on him for the past couple of days of the market being down.

    Well?....

    November 7, 2008 03:45 pm at 3:45 pm |
  20. Charlie

    Now comes the tough part.....saying what you are going to do versus talking about what you want to do.

    November 7, 2008 03:46 pm at 3:46 pm |
  21. John S.

    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.

    He didn't say he would be out in a month or could he fix the economy in a year or even longer. In fact, he stated that it would take many years, maybe even a full term or even longer.. He also stated he would end the war in Iraq in a processed time. All you people can wish to state either the facts or mistortions. Obama has place his plans for all too see. It was there for everyone to read when they wished. Given time he will fix this economy and bring some of your men and woman, husbands, mothers, sons and daughters, back home. Your country can be great and respected again given the time he has asked.You have accomplished something historical. Don't let it end now.

    November 7, 2008 03:47 pm at 3:47 pm |
  22. Charlie

    Now comes the tough part......saying what you are going to do versus talking about what you want to do

    November 7, 2008 03:49 pm at 3:49 pm |
  23. bridgette

    The crazy extreme right will never give him a chance. They are already campaigning for 2012. The reality of is they are afraid he will be a good president and they want to get the jump on the negativity. You don't run a campaign the way he did and not be a great president.

    November 7, 2008 03:50 pm at 3:50 pm |
  24. Obama Supporter

    I already knew the moment Obama won the President Elect people would begin to criticize his every move. Let the man do his job!

    It's ashame how many people are waiting for him to fail. It's okay though, Obama, you already knew it would be like this, keep your head up! You will remain in my prayers.

    November 7, 2008 03:50 pm at 3:50 pm |
  25. Obama Supporter

    "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."

    AMEN TO THAT!

    November 7, 2008 03:51 pm at 3:51 pm |
1 2 3 4 5 6 7

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.