November 7th, 2008
03:09 PM ET
10 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)



    November 7, 2008 05:24 pm at 5:24 pm |
  2. SW,OHIO

    Some of these comments are really pointless. Our new President elect is looking out for all of us. It is time for the bashing to stop and work together so our country can move on. UNITE AND WORK TOGETHER AS ONE NATION UNDER GOD, PLEASE!!!!!!!!!

    November 7, 2008 05:34 pm at 5:34 pm |
  3. es

    and to top if all off...he wants ANOTHER stimulus check to go out!! Didnt he said he wants to stop or reduce government spending>??
    Does anybody else sees this?!

    We may indeed be in more serious trouble with him in office.

    you all did it......thanks

    November 7, 2008 05:42 pm at 5:42 pm |
  4. FreeNLovIt

    We dont need WWII or wars to get us out of this MESS. We need to grow the economy with new JOBS. We need to be creative and innovative in our creation of jobs. We need the FUTURE...

    Had Gore been Prez, we would have been SOooooooo into the future.....

    November 7, 2008 05:42 pm at 5:42 pm |
  5. Lilarose in Bandon, Oregon

    I'm a Mutt Too!

    English, Welsh, French, German, Swiss, and American!

    Are you?

    November 7, 2008 05:43 pm at 5:43 pm |
  6. Independent for USA only

    President-elect Obama is acting excellently. He knows the priority of this great county very well. I believe that we will retrieve our correct path toward the great strength under his leadership. Glad to end the terrible Oil-CEO only era! God bless USA!

    November 7, 2008 05:44 pm at 5:44 pm |
  7. Florida Joe

    At least our President elect was able to conduct a news conference without sticking his foot in his mouth....Haven't seen that in 8 years!

    November 7, 2008 05:44 pm at 5:44 pm |
  8. Nothing ever changes

    Some of you need to get over it, get a life and get on with your daily business. This back and forth solves nothing, let the man get into office then judge him on what he does. I supported Obama but make no mistake, if he doesn't do a good job at helping rebuild this country I will vote him out of office in 2012.

    Right now there is not a lot he can do other than talk, let's see what happens after January 20th.

    November 7, 2008 05:45 pm at 5:45 pm |
  9. FreeNLovIt

    A new research or a new development can BOOm our economy. About FDR, the guy is incredible. He must have been sent from heaven. I cannot believe that with all the turmoils and depression, the guy has a SMILE on his face and he LOVED the challenge.

    Yeah, three things will help us: a little prayer to God, a little GUTS to stop doing the same stupid things and Guns.. to remind us how free we are...

    Like Chris Tucker (black comedian says) says, only in America, do you go hunting on a FULL Stomach!!

    November 7, 2008 05:45 pm at 5:45 pm |
  10. Independent for USA only

    Some out-of-touch GOP Oil-CEO supporters cannot forget their failure. That's so sad.

    November 7, 2008 05:45 pm at 5:45 pm |
  11. ran

    It will take some time but we are going to get our country back. Obama/Biden is the way back with the support of us all. It isn't going to be easy but we can do it if we all stand together on this one this time.

    November 7, 2008 05:56 pm at 5:56 pm |
  12. Anna from GA

    I love his style of slow and steady vs. rush and crappy (i.e. Bush, McCain)

    November 7, 2008 05:58 pm at 5:58 pm |
  13. stephanie

    i am so proud of Obama and Biden..I feel our credibility in the world is restores..I feel confidence in our govt and trust he will make the right decisions with a group of talented smart and sensible people around him..he will do what is right. What a relief and a pleasure to watch presidential news conferences again!! i like this mutt!! he's like me!!

    November 7, 2008 05:59 pm at 5:59 pm |
  14. Will, Arkansas

    Awww... He looks like a puppy.

    November 7, 2008 06:28 pm at 6:28 pm |
  15. GARY


    November 7, 2008 06:29 pm at 6:29 pm |
  16. paul (staunch Moderate)

    Please focus on the economy. So many of my co-workers have already lost their jobs. Mine is on the brink. The country has the highest unemployment in 2 decades. The only thing that will get the economy rolling again will be to put people back to work so they have money to spend. Handing folks another $600 won't do "squat" to get this country moving forward.

    Well, at least the markets closed UP after his press conference.....

    November 7, 2008 06:31 pm at 6:31 pm |
  17. Uh huh

    Ain't gonna happen kids. He's already backing off and soon it'll be evident that he lied to you to get elected. Relax, this isn't the only fib he told. He also lied about getting out of Iraq in 16 months, about who would actually get a tax cut or pay more (look out J. – Michigan!) and I'm sure there's more.

    November 7, 2008 06:32 pm at 6:32 pm |
  18. Spread the wealth!

    I hope he gives us a lot of $$$ for voting for him.. har har!

    I think we should be taxed %100... then the gov't can decide, based upon our needs, how much stimulus we should get back?

    what do you guys think!? awesome huh?

    November 7, 2008 06:35 pm at 6:35 pm |
  19. Myles, New Orleans

    (Vicki) what rock did you craw from under? Oh, the one Sarah Palin came from under. Did you make the same mindless comment when Bush was president, or when Clinton, or the Older Bush. Ever President changes the White House when the take office so why does it matter what he spends or how he arranges it. Oh I'm sorry you He's not the usual President that your use to. Get a life, people or losing there jobs, and homes and your complaining about what he will do to the White House. Hate and Igonorance. Wow.

    November 7, 2008 06:49 pm at 6:49 pm |
  20. Roberta former Alaskan

    I'm so glad Obama was elected. He has all along told people this country wouldn't be fixed immediately. He has all along said he would raise taxes for some while giving breaks to others. He isn't all pie in the sky, speaking out both sides of his mouth like so many others before him.

    I'm hopeful for our government for the first time in a long time. If he can't do everything he said so what? Who among us can? At least we know he will try.

    November 7, 2008 06:50 pm at 6:50 pm |
  21. Stamp

    It is time to stop this partisan bickering. Obama was elected and the PEOPLE have spoken. Either be proud to be an American or go elsewhere. Obama is the American dream he is hope he is what everyone's ancestors dreamed of when they came to this country (voluntarily) regardless of where they came from. He may not look like many of you but his story is the same. He is as American as apple pie, as am I, our slices just run a little darker.

    November 7, 2008 07:01 pm at 7:01 pm |
  22. Mike

    To "Welcome to the Obama Show":

    Look who's the teacher and who's the student, you ask?
    You're absolutely right, Obama's the student and he has the humility to know that he will succeed to the extent that he surrounds himself with and learns from the smartest people he can find.

    That's very different from Bush who surrounded himself with cronies and incompetents who either tried to dismantle the agencies they were appointed to (EPA), or were simply too ignorant to manage them (FEMA).

    November 7, 2008 07:03 pm at 7:03 pm |
  23. Honeybee58

    As a JFK-Republican, I had to laugh out loud today when I read of Obama's cabinet appointments. He's going to "fix" our economy by signing on all of Bill Clinton's staff people! Now there's some change! LOL

    November 7, 2008 07:08 pm at 7:08 pm |
  24. tjp

    Change he promised?? Some mantra as he recycles the same old faces and ideas. Even throw in a Kennedy or two while your at it; those folks never had a job in their lives. America, prepare yourself for just more of the same... Obama will be the final straw for this country as we currently know it.

    November 7, 2008 07:16 pm at 7:16 pm |
  25. ben

    What is the real cause of our economy collapse? Wall street has always been corrupt and greedy, yet our economy remained strong. Politicians have always been lackys of big business and many have been criminally corrupt, yet our economy remained strong. The war in Irak was costly and so was the war in VietNam, yet our economy remained strong.
    There are two reasons why every thing went to hell. Major companies sent th bulk of our manufacturing to foreign countries. Steel,clothing,tecnology, auto manufactures can produce products far cheaper by taking advantage of lower wages. FREE TRADE allows them to ship every thing back to the U.S without paying any kind of tarif. Let me tell you something you may not know. Take dodge pickups for example, every dodge pick up is made in Mexico AND they pay no profit tax to the U.S. They are percieved in the same manner as if they were a foreign company. Our govt. doesnt even have the right to examin their books!!!!!!!!! What I am saying is this FREE TRADE allows all manufactures to do the same.To make matters worse, Chrysler can show a tremedous loss and deduct this from their taxes
    while the reality they do not have to show a tremedous profit for pickups made in Mexico. Think of how many thousands of Americans lost their jobs over this double whamy big business slapped them with.

    November 7, 2008 07:17 pm at 7:17 pm |
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