[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/POLITICS/11/25/obama.cabinet/art.obamateam.ap.jpg caption="Obama appears to be picking his cabinet at a record pace."]WASHINGTON (CNN) - President-elect Barack Obama is already making presidential history by naming - or at least his transition team is leaking to the press - his Cabinet picks faster than nearly all of his predecessors.
"If we do not act swiftly and boldly, most experts believe that we could lose millions of jobs next year," Obama said Monday.
With an economic crisis spiraling out of control and a lame duck in the oval office, presidential scholars say the next commander in chief simply had no choice.
"This is really unprecedented. But it's an unprecedented situation," said Larry Sabato, a presidential scholar at the University of Virginia. "Obama is doing what the public and the markets demand be done - and that is to show that the next president is really in charge before he even takes the oath of office."