December 5, 2008
Posted: December 5th, 2008 11:03 AM ET

(CNN) – For those who follow closely the words of President-elect Obama, Friday’s statement on alarming new jobless figures for the month of November sounded just a bit familiar — several lines were drawn directly from the script of his November 22 radio address. What hasn’t changed over the past two weeks: the infrastructure funding at the heart of his stimulus plan, and language calling for “immediate action” to address the nation’s economic woes. What seems to have shifted slightly in the new statement: the emphasis on exactly how immediate the president-elect believes this action should be.

“There are no quick or easy fixes to this crisis, which has been many years in the making, and it’s likely to get worse before it gets better,” Obama said in his November 22 radio address. “But January 20th is our chance to begin anew - with a new direction, new ideas, and new reforms that will create jobs and fuel long-term economic growth.”

But as the Dow continues to tank and jobless numbers continue to climb, the timetable seems to have been pushed up just a bit in Obama’s new statement: gone is the reference to Inauguration Day, still a month-and-a-half away — keeping the president-elect’s agenda framed strictly in the present tense. "There are no quick or easy fixes to this crisis, which has been many years in the making, and it's likely to get worse before it gets better,” he said in his Friday statement. “But now is the time to respond with urgent resolve to put people back to work and get our economy moving again.”

The statement comes one day after the Associated Press reported comments by Democrats, including House Financial Services Committee Chairman Barney Frank, pressing Obama to take a greater immediate role in dealing with the nation’s financial crisis.

"He's going to have to be more assertive than he's been," Frank told a meeting of consumer advocates, according to the AP. "At a time of great crisis with mortgage foreclosures and autos, he says we only have one president at a time. I'm afraid that overstates the number of presidents we have. He's got to remedy that situation."

Senate Banking Committee Chairman Christopher Dodd struck a similar note late last month, telling Connecticut reporters shortly before Thanksgiving that "the Obama team has to step up."

"In the minds of the people, this is the Obama administration. I don't think we can wait until January 20," he said.

Just a few days later, Democratic congressional aides told CNN the Obama administration needed to step up its efforts on the Hill right away if they hoped to have a package ready for the new president to sign immediately after taking office.

Filed under: Barack Obama


VPDesign   December 5th, 2008 3:57 pm ET

Lilarose in Bandon, Oregon....sorry that's not how it works. If Bush resigned then Cheney fills in for the remainder of the term until the president elect is inaugurated. The govenment will not be able to act quick enough for another Bush term stimulus for the consumer before the holidays. We won't see any consumer "stimulus" from Obama if that's the plan, until around late Feb at best. I suggest you plan your spending accordingly. Thankfully, I have a technical job and although I am out 800.00 due to corporate closure (non-paid) over the holidays, I will still have a job come Jan. I had to ask my bank for an extension on my car payments and am looking to refinance my mortgage (in good standing) to save money. Everyone that wants help needs to first help themselves by reducing spending where possible.

BO is just B.O.   December 5th, 2008 3:56 pm ET

Bush should resign and let Cheney be President where he would appoint Candeleeza Rice Vice President and promptly resign making Rice President. The first black president and first woman president in one shot totally taking this away from your messiah.

That would be poetic justice!!!!!!!!!!!!

How would the ultimate racist Oprah feel about that one?

The truth   December 5th, 2008 3:32 pm ET

I was laid off last year...so i felt the pain. But there is a difference between hope and unrealistic

Alabama Voter   December 5th, 2008 3:27 pm ET

To the Truth:
People are hurting and losing jobs left and right. It does not hurt to have hope. The TRUTH is that with God anything is possible. I pray that you or a member of your family does not lose their job and that you can continue to have your pension or insurance intact. God Bless

Patriot   December 5th, 2008 3:14 pm ET

A 'regime change' is urgently needed; because the ineffective and incompetent bush will not do the right thing and resign.

Bush will just twiddle his thumb;
while Americans drown in New Orleans
while Americans lose lives, limbs and mental health in Iraq
while billion$ are wasted in an UNPROVOKED war on INNOCENT Iraqis
while US economy tanks, etc.

Bush is the last to know that the US recession is a year old, despite his access to ALL sources of information on the US economy.

Congress should 'regime change' now; otherwise watch 'helplessly' while things get worse and worse and worse with a lost leader at the helm.

What has become of America? Karma for sanctioning and destroying the economies of other nations?

well there it is   December 5th, 2008 3:03 pm ET

Looks like the lowest common denominator is out in force today.

Obama is not yet president, if Bush resigns, Cheney becomes president. Obama doesn't get his turn until Jan. 20th unless he is appointed to a position where he can get the job earlier if someone resigns. Now if Cheney were to resign, Bush choose him as VP, this were approved, then Bush resigned... but that's probably going to take 46 more days anyway even if that fantasy occurred. Wait for Jan 20th for the bubble to burst, all your dreams will still fade away, why rush the loss of your euphoria by wishing Obama into office earlier than he will be inaugurated.

And as far as bailouts, why not bail everyone out, get some relief on my mortgage and debts which I've paid on time and in full. Why should I have to suffer for other's indiscretions and poor choices. Darwin was right – survival of the fittest.

thomas   December 5th, 2008 2:51 pm ET

Troubled times call for drastic action. Stop collecting federal income taxes from those households earning less than $60,000/yr. Reports show they are feeling "squeezed" and they can't consume when they are squeezed. Stop foreclosures and provide low interest loans for single family home purchases. Offer tax incentives to businesses which hire additional employees. Invest in new technology to develop ways to reduce the costs of manufacturing, construction, education, transportation, health care, and energy. Expand the social service network to halt the degeneration of society.

Viet Vet   December 5th, 2008 2:51 pm ET

To the Truth,
I don't think to may people are expecting that on 1/20/09 President Obama will magically turn Shrub's Mismanagement around. But at least the American people can have hope. Shrub, the commader guy, yes sir! is a moron and has always been a failure. Too bad the dude wasn't voted out (maybe he was) after the first term. Too bad the Supreme Court Voted him in (the first term). That is almost history, and a sad one at that. I am sure that we will right the ship but it will take time. I'm not lookin'for a quick fix, after all it took shrub 8 years to get us where we are now. Yep- -Shrub was the decider.

obama-mama   December 5th, 2008 2:50 pm ET

Bush is running around making Christmas party plans and we're all left to burn in his economic hell...I cannot believe there is no law against this. They need to physically go to the White House and throw is behind out.....This is ridiculous. I just think he is waiting for Obama to do something and when it hit the fan it will all be blamed on Obama. Obama don't fall for the oki doke....

Peejay   December 5th, 2008 2:43 pm ET

To Flex, 1:08 pm

Bush's purpose, right now, is to ram through as many business-friendly, environmentally hostile regulations and ex-ords as possible. Not satisfied with poisoning the political and financial wells, he'll allow mining concerns to poison the actual wells.

Teh   December 5th, 2008 2:42 pm ET

Mel:
I like the idea of Chelsea Clinton for Senate. Remember her during the Campaign when her mom lost her voice, she still had her own voice. She is gracefully smart and and have a knack for the issues. She surely knows how to replace her mother... just check her campaign iternary during the last election circle.

No Hillary = No Obama   December 5th, 2008 2:42 pm ET

Obama's presidency will be known as a salvage operation.

James in Nebraska   December 5th, 2008 2:35 pm ET

@The truth

I am an Obama supporter but I am smart enough to know that it will take years for anything to truly happen. But, you are correct. There are a lot of those that think he will use his messiah powers to fix the country by January 21st.

There are also the neo-cons that think that the country will implode on itself because we have a democrat in the white house. The extremism on both sides is what is killing our country.

mel   December 5th, 2008 2:35 pm ET

What about Chelsea Clinton?
She is smart, inteligent, a policy wonk and a New Yorker. She is a good campaigner, has politics in her DNA and name recognition. I know James Carvelle and Paul Begala would skip retirement to help any Clinton. She may just be the Change we need for New York. So Paoulo and Jimmy Lets make this happen.

Godluvr   December 5th, 2008 2:33 pm ET

President Obama, ignore the critics and do your job! You are moving in your destiny, and history will speak well of you! Super job; keep it up!
P.S Please remember the veterans and our troops always!

mb   December 5th, 2008 2:33 pm ET

Is there anyway that the Speaker of the House be put in position now and President Bush and VP Cheney resign?

Iowa Mom   December 5th, 2008 2:32 pm ET

The Truth:

What cracks me up is the fact that the only ones who ever say a word about getting these so-called welfare checks or happiness and rainbows from Obama are the haters.

Just because his supporters have hope doesn't mean we are blind to the reality of the world we are living in.

Time to celebrate   December 5th, 2008 2:27 pm ET

Bill O'Reilly will soon be leaving the radio...WHOO HOOOO!!! Now on to Sean Hannity and Rush Limbaugh to get cut as well.....

Let Us Unite   December 5th, 2008 2:17 pm ET

Bush is painting his new house....we will just have to wait and see what the new administration brings.

Ken   December 5th, 2008 2:16 pm ET

Has anybody noticed the names these neo-morons label themselves with here on these CNN blogs? The names/lables are typically just the opposite of what the posters are or represent. Does this 'naming disconnect' sound familiar?.....it should...remember the vain-glorious names of all those harmful rightwing [R] bills in congress from 2000-2006....?

@The truth: It cracks me up that YOU actually think that we think the world will automatically be alright on Jan. 20th. Nobody is saying that. But it is a fact that on Jan. 20th when YOUR loser-in-charge leaves office and our man with the brains takes over, this world will move significantly to being much better off. But indeed, there is a lot of work ahead of us to correct the mess that [R]s left this country in.

What comes across as "peppermint sky, rainbows and unicorns" is the neo-tard delusion, expressed on here many times, that Bush was a good president and that Palin would be a good candidate for president in 2012.

Larry   December 5th, 2008 2:15 pm ET

We can hardly wait ,but nothing is going to help, it's just going to drag it out ,bite the bullet people and it will soon be over.We cann't buy or borrow our way out of debt.Let's use some COMMON SINCE !!!

Mary from Sarasota FL   December 5th, 2008 2:13 pm ET

Hold your water folks ....
There is nothing official PE Obama can do. Give him some credit.
He is undoubtedly working behind the scenes talking to people who ARE in power trying to get some thing DONE> sotovoce

ananymous   December 5th, 2008 2:11 pm ET

"But as the Dow continues to tank and jobless numbers continue to climb"
Last week every body in the "best politically team in news" were saying that Obama has announced the economic team (Supposedly the best in the universe) and the markets reacted positively and everything was going to be fine. Every body became Oprah and were singing and dancing in "The One"s honor. Hope at least now you guys will realize that the stock markets do fluctuate and they don't ask "The One"s permission before going down or up.

3strikes   December 5th, 2008 2:08 pm ET

so much of these nobamabots need to stop being fixated on thinking that nobama is the "saviour" / "messiah", saying that the inauguration needs to be moved up. even after nobama gets into the office, that he was force fed(if any of you payed attention during the primaries, you'll know what i mean), it'll still be a long while until anything actually happens. he got all your hopes so sky rocket high, he's goin to shoot all your hopes down now. i guarantee all you all that voted for him, his potus rating in his first year will plummet, goodluck with the false image that you voted into office

Ms. B in California   December 5th, 2008 2:07 pm ET

Where O where is President Bush? Oh, I forgot, he is Dallas buying his third home when his term is up. I just don't understand why no one is asking where is the unbelievable President that we have? I mean, isn't he STILL President?

I think that it is sad that Americans aren't asking where he is instead of what should our President ELECT be doing. Obama isn't the President YET!!!!

GA Independent   December 5th, 2008 2:04 pm ET

Lilarose in Bandon, Oregon...

I wish it would work that way – but if Bush resigns, we get Cheney in charge... think about that.

kay   December 5th, 2008 2:01 pm ET

A Continued Repulican..........................Again, Bush bought a mansion – it's just 40 million dollars LESS than Obama is spending on his INAUGERATION .............fraudulently won, I might add.

Wake up Democrats!

Laverne   December 5th, 2008 1:58 pm ET

President Bush is now making his rounds around the world trying to convince everyone that his presidency was secretly awesome! What a joke! He might as well stay under his rock he is under. He has no credibility anyway!

Dr. Stoner   December 5th, 2008 1:50 pm ET

Obama, will need to take action now, though he is tech. not the Pres. as of this moment, he can get his ducks in a row because soon either he gets the fame or the blame. Personally, so far I have not detected much of a change or game plan, I hope he impresses the heck out of us, as of 1/21/09 he gets the fame or the blame.

Matt   December 5th, 2008 1:42 pm ET

Screw that Barney Frank. The legislature is the repository of representative democracy. You're the ones who are supposed to act. You're not supposed to pretend like you can't do anything until the president-elect says something. REPRESENT US. Don't shirk your responsibility and try to avoid accountability for whatever you do not working (if it doesn't).

Ken in Dallas   December 5th, 2008 1:36 pm ET

"Lilarose in Bandon, Oregon December 5th, 2008 12:40 pm ET

I wish President Bush would RESIGN his presidency in favor of President-elect Obama."

Sadly, if Bush were to resign, then we'd have to live with President Cheney until January 20. I don't think any of us could stomach that.

The truth   December 5th, 2008 1:30 pm ET

It cracks me up that some of you actually think that on jan 20th the world will all be right again. Obama will put your check in the mail and magically create a job for you. Peppermint sky, rainbows and unicorns.

Ken in Dallas   December 5th, 2008 1:23 pm ET

Obama is not, unfortunately, the president yet, and he has no real authority. He's not even a Senator any more. He can speak out, but to make anything happen before January 20th, he has to get action out of the 110th Congress and the Bush administration, which appears to have abdicated. Just be glad inauguration day's as soon as January 20th, and not still on March 4, as it was when FDR took office.

In the interim, Obama can speak, but only Bush can act, and we don't want Obama to pretend he's president before he becomes president. For now, we're stuck with demanding action from a Bush administration that happens to be living in a fantasy world where no action is required.

The right time is now, and the longer it takes to get started, the more painful it's all going to be. How are we all liking the Bush legacy so far?

Evan in Chicago   December 5th, 2008 1:09 pm ET

It's been said this mess is similar to reversing course of a huge tanker at sea… which means that it takes the effort of every crew member… if that's the case how about this as a start to turning it all around:

BY THE END OF DECEMBER EVERY SMALL BUSINESS IN AMERICA HIRES ONE NEW EMPLOYEE… which means all those new hires will have cash to spend and confidence will begin to return….

THEN WE HAVE THE SAME GOAL IN JAN…. slowly but surely it will all get back on course…. what do you say AMERICA??

ARE WE READY TO FIX THIS PROBLEM OR WHAT!????!

Flex   December 5th, 2008 1:08 pm ET

What is Bush's purpose, right now?

TURN TEXAS BLUE   December 5th, 2008 1:07 pm ET

Wonderful!!! i hope it comes soon! i had to cut back alot of things just to have Christmas for my kids, and I have two jobs!!

Tough times people so just strap on your seat belt and let Obama take us to a smoother road!! I HOPE!!!!!!!!!!!!!!!!!!!!!!!!!

Susan from Scotts Valley, CA   December 5th, 2008 1:06 pm ET

Nothing is going to happen with Bush still in office. How can he (as Frank has asked) "take a greater immediate role in dealing with the nation's financial crisis"? How can he "step up"? He has no authority.

Phil in KC   December 5th, 2008 1:00 pm ET

I think it's too much to expect a guy who hasn't even taken office (with the current congressional deadlock) to perform miracles. There's only one president at a time, remember? So the question is, what's Bush doing about it? I think we know the answer to that. That is why so many people are expecting Obama to do something – because there is currently a leadership vacuum in this country and he's the only one stepping up to the plate.

Vicki5   December 5th, 2008 1:00 pm ET

It is so nice to have a president that actually communicates with the citizens. Obama knows how to get his message out to people. I am so excited to be a part of this great change we are making in U.S.

NIKI   December 5th, 2008 12:59 pm ET

WAY TO GOBAMA

Kay   December 5th, 2008 12:59 pm ET

Well that is Change!

Rick   December 5th, 2008 12:56 pm ET

About time. He's been invited by Bush and so far has punted. Better to help shape what he'll inherit than have to undo and redo what he doesn't like startying in 46 days.

Greg in MN   December 5th, 2008 12:54 pm ET

The best thing that Congress can do right now is vote to move up the inauguration date and get Obama and his team in there as soon as possible.

Bush doesn't care about anyone besides himself, never has, never will and he's ducking trying to do anything to help out the working people of this country.

We may not have ANY JOBS if we wait until Jan. 20th at this rate.

We may not have ANY JOBS if we wait until Jan. 20th at this rate.

ChicagoSuz   December 5th, 2008 12:54 pm ET

I'm betting that between the Inauguration & the party, new President Obama will be in the Oval Office taking care of business.

46 days 26 hours 47 minutes 15 seconds...

thriveblogger   December 5th, 2008 12:43 pm ET

If the actions are still thoughtfully measured and carefully executed, the sooner the better. Not just right now, but also done right.

karen-phoenix   December 5th, 2008 12:42 pm ET

Now!!!! Yes we can!!!! Obama is brilliant!!!

Franky   December 5th, 2008 12:41 pm ET

You know, all I'm gonna say to those people who are in a hurry or are anxious for my boy to do something already I say to them hold on. President Bush is still in office and he's still making our decisions. He still has his team and quite unfortunately, they have to go through this. The season ain't over for him and quite honestly, let em have their pride and joy and hopefully get some moral victories along the way...

What are we gonna do, huh? Fire our President?? Have some respect for our constitution and its laws. This is the problem with everybody, they're turning into Hollywood...liberals and Conserves.

Lilarose in Bandon, Oregon   December 5th, 2008 12:40 pm ET

I wish President Bush would RESIGN his presidency in favor of President-elect Obama.

We need to get MOVING! Not next week or after January 20, NOW!

If Bush truly loves this country, he will step aside NOW.

CanIcallyouJoe   December 5th, 2008 12:40 pm ET

And yesterday Bush had no public actions listed on his schedule.

Remind me who the President is again..?

michelle davenport   December 5th, 2008 12:39 pm ET

The american people need help like A.S.A.P. The quicker the better.

G. Robinson   December 5th, 2008 12:38 pm ET

Obama you have to do something because Bush could care lees. He's about ready to move into the $3million crib he just purchased. He's not feeling our pain AT ALL.

Lee - Oregon   December 5th, 2008 12:37 pm ET

There's no time like the present.
Americans need jobs and SOON!

Jan   December 5th, 2008 12:36 pm ET

You Dems who are afraid of Palin should know that Obama and Biden won the election because of ACORN and college kids and questionable tactics–Palin actually won many hundreds of thousands of votes for JM. Put that in your crack pipe and smoke it until 2012.

lovable liberal   December 5th, 2008 12:35 pm ET

Can Obama please be President today? He's acting Presidential, but there's someone else fiddling while our economy burns to the ground.

Shari, NY   December 5th, 2008 12:34 pm ET

What a mess Obama has inherited! I wish him the best. Is there a possibility of giving him some executive powers prior to the actual inauguration? The situation is dire and the Bushes are preoccupied with other things right now.

Stacy from Loudoun County VA   December 5th, 2008 12:33 pm ET

President Bush, your home in Texas needs to be attended to right now. Please, I implore you, with all due respect, we need to get started with someone who is willing and able to take on this crisis. Can we just swear in Obama now and get the Congress swore in now? The very fate of our nation is in the balance.

Simpliticus   December 5th, 2008 12:31 pm ET

George W. Bush's lack of leadership has allowed the country's treasury to be firmly lost to invading corporate heists. Save Wall Street and not Main Street is the cry coming out of Paulson's lips, forget the rest of the country. Doesn't this sound like Richard III's lament at the end of Shakepeare's play when he states," A horse! A horse! My country for a horse!" If Paulson were on the sinking Titanic, he would have saved the wealthy men and forgotten about the women and children, that is how the mindset operates! The current president is blind to these affirmations which only paint a picture of deplorable oversight as there hasn't been any, which explains the travesty of the situation we find ourselves today! George W. Bush is our answer to Shakespeare's Richard III!

Emmanuel   December 5th, 2008 12:28 pm ET

What is Obama doing? We don't have a lame duck President we have a loser DUCK President in Bush. Obama you better get out of Chicago and head straight to Washington D.C ASAP.

Ex-Republican   December 5th, 2008 12:25 pm ET

Atleast someone in Washington cares about the mess we are in. All Bush is concerned with is buying himself a mansion in Dallas!

Bail me out   December 5th, 2008 12:21 pm ET

How does yesterday sound?

Joe in DE   December 5th, 2008 12:18 pm ET

Economic relief cannot come too soon.

chris @ Stl   December 5th, 2008 12:16 pm ET

Great!!! Great!!!
Today is the best day to act!

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