November 8th, 2008
10:52 AM ET
13 years ago

Obama focuses on economy in radio address

(CNN) - President-elect Barack Obama reiterated a call for fast action on the economy during the weekly Democratic radio address Saturday.

A day after stressing the economy in his first news conference since winning the presidency, Obama picked up the theme in the radio address.

Noting that nearly 1.2 million Americans have lost their jobs this year - including 240,000 in October - the president-elect said that "their stories are an urgent reminder that we are facing the greatest economic challenge of our lifetime, and we must act swiftly to resolve them."

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soundoff (72 Responses)
  1. Dave, Illinois

    Will it include tax cuts or will he backtrack now that he has been elected? I have a feeling that Pelossi and Reid will be the vehicle to bring the far left's demands to Obama for payback. I hope Im wrong.

    November 8, 2008 10:03 am at 10:03 am |
  2. Briana the college student

    I can't wait to see change in this economy.

    Yes We Did!!

    November 8, 2008 10:06 am at 10:06 am |
  3. Kim in SC

    I am so angry. I voted for Obama and I don't know where or when I am supposed to get my check. i am poor OK and I need some money to buy gas and food and pay my bills. this is not what i expected

    November 8, 2008 10:08 am at 10:08 am |
  4. sharon jphnson

    Lieberman should be a man not nice and just step down, my thing is how on earth do you trust this man.
    He have no respect for the american people ,oh i know he can be the man that cleans up after the dog,but then i thinking maybe not that job is to good for him. ok let's just put him in the lungry room.

    November 8, 2008 10:13 am at 10:13 am |
  5. Ron of Baltimore

    As I often do to check on "the other side," I tuned in to FoxNews. Laura Ingraham was doing a number on Obama's press conference, complaining that he displayed no sense of urgency at all concerning the economic mess. This was in part in response to his deferring to President Bush, saying "we have only one President at a time." I'm sure if he'd said anything other than that, he would have been characterized as uppity.

    November 8, 2008 10:15 am at 10:15 am |
  6. alvino

    Thanks America for embracing common sense and overwhelmingly electing Obama. While it will take a while to undo the Bush economy, thankfully we now have someone who can fix it.

    November 8, 2008 10:18 am at 10:18 am |
  7. Scott

    So Obama is going to give a multi billion dollar bailout to the auto companies using our tax dollars. Will be interesting to see if he's condemmed for that as Bush was for bailing out Wall Street?

    November 8, 2008 10:32 am at 10:32 am |
  8. gerri

    This is no time for a lame duck President or Congess.The President and this Congress should resign as soon as possible and allow the Obama team to start work on this economy.Two months is way too long to go.Consumer confidence is needed now,before Christmas sales, or the economy will be worse off.Partisonship should be thrown out the window now.Its time for Americans to take action.Stay calm,focus and above all,Dont panic.

    November 8, 2008 10:32 am at 10:32 am |
  9. geraldine

    Non-partison question- how is this the greatest economic challenge of our lifetime? How about 1980, when employment and inflation were both in double-digits, and interest rates were over 20% (i.e., prohibitive costs/access to capital)? Short memories we all have.

    Partisan commentary: perhaps the answer to the above is that obama needs to lower expectations on any recovery, or position himself as the savior from this great abyss?

    Partisan sarcasm: it's relieving to see that obama plans to solve the economic challenges by "taking all the necessary steps". Solve the problem by solving the problem and there you have it. I'm going to buy stocks on Monday.

    November 8, 2008 10:36 am at 10:36 am |
  10. Joe the mechanic.

    This is job number one. I think he can turn it around. Buy Stocks.

    November 8, 2008 10:37 am at 10:37 am |
  11. Dave

    Forget these radio messages. Let's have Obama and Biden write weekly blogs letting us know what's on their minds and providing insight into their decision making.

    November 8, 2008 10:38 am at 10:38 am |
  12. Dave

    I suggest they forget these radio messages. Let's have Obama and Biden write weekly blogs letting us know what's on their minds and providing insight into their decision making.

    November 8, 2008 10:41 am at 10:41 am |
  13. pornographicpriestessboy

    Trash all the time.I once believed CNN to be THE most relevant station.What happened to you ?Are you mad at the winner or the loser?Please come back CNN.We miss you!

    November 8, 2008 10:44 am at 10:44 am |
  14. CL

    See if you can catch him GOP. It'll never happen. I think you'll find that you can't argue with someone who is for the people and by the people. I predict the greatest presidency in the history of the USA.

    November 8, 2008 10:45 am at 10:45 am |
  15. FAYE, NV

    It will take some time to get the economy on track. Very glad he will be forcusing on it.

    November 8, 2008 10:50 am at 10:50 am |
  16. Shannon

    notice the talk already about going back on his word about Iraq. This man is such a phony, it's public financing and FISA all over again. What a fraud! I'm sure the only thing he is being advised on is how to weasel out of his promises

    November 8, 2008 11:19 am at 11:19 am |
  17. Susan in Delaware

    Great BO, give billions to GM to pay for their retired people's health care while my husband and I with 66 yrs. in public education not only pay 20% in fed taxes, but also close to $13,000 a year for our health care now that we're retired. I guess this is what you mean by redistributing the wealth.

    November 8, 2008 11:30 am at 11:30 am |
  18. Anita of georgia

    I have faith in President elected Obama. He will do his best to stop the bleeding of this economic crisis. This is not going to be easy by no means. I believe he is commented to do. whether it's the lost of jobs, the lost of homes, the pasting of a health care plan, that will benefit all people. The promise of bringing our troops home in a safe and timely manner. He's a man of his word, one that can be trusted to do the right thing for all Americans.

    November 8, 2008 11:52 am at 11:52 am |
  19. Perusing-Through


    With 1.2-million lost jobs this year, record breaking home foreclosures, record number of failed banks and institutional takeovers, financial credit crisis, and the official onset of a recession – – – – the focus can only be on the national ECONOMY!

    November 8, 2008 11:59 am at 11:59 am |
  20. 400 families own half the country

    and they are stealing the other half right now,

    practically guaranteeing that you and your children and grandchildren will be their below minimum wage slaves for a millennium!

    boycott corporate products and services!

    walk away from your upside down mortgages (and wall street thieves will never advise you to do so, do you get my drift?)

    close your ban account and open a local credit union accounts!

    write and call your reps in washington and DEMAND


    that is, if you people have any functioning brain cells!

    November 8, 2008 12:11 pm at 12:11 pm |
  21. Jim In Minn

    I hope the Obama Administration helps the industries which help Americans. I think he should ignore industries like the auto industries which have moved their manufacturing and Information Technology to other countries only to help themselves. Have they ever thought that maybe if they would let Americans have these jobs and make a decent living they would be able to afford their cars? Also, letting Americans make a better salary would cause an increase in the amount of taxes collected by the government, also helping our country.

    Before the free traders jump in trying to argue this point, I've got one more point to make. Living in Minnesota, I tried to go to Canada and buy a new car at a lower price when the dollar was advantageous. They wouldn't sell me a car because the auto manufacturers have set rules so only people from Canada can buy a new car in Canada. That's not a FREE MARKET. These free trade agreements are only for cheap labor. Let the industries who do this go under and let's build up industries that want to hire the AMERICAN worker.

    November 8, 2008 12:25 pm at 12:25 pm |
  22. Pat

    "I didn't want to get into a Nancy Reagan thing about, you know, doing any seances," he said. . . .

    Why would any mature individual make such a comment - totally inappropriate and disconnected to a "news conference."

    Oh, that's right - we're talking about Obama, the man-child!

    November 8, 2008 12:27 pm at 12:27 pm |
  23. Dan

    Good he talked about the economy, and not Nancy Reagen again.... He had to apologize, if not he open the door for continuing attacks on his wife (her remakrks that were not universally welcome during the campaign). His apology was merely realizing he is digging a hole to his wife... by what he said in his first press conference (and it was a strange way to reaching across the isle). CNN- election is over allow some remarks that are somewhat not merely positive viz a viz Obama! please!

    November 8, 2008 12:29 pm at 12:29 pm |
  24. Lor

    We're pulling for you Obama, make us proud!! 🙂

    November 8, 2008 12:41 pm at 12:41 pm |
  25. Millie, PA

    I love this man and I love America.

    Obama–YES WE DID.

    November 8, 2008 12:46 pm at 12:46 pm |
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