Hot on Facebook

Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

No Quick Fix on Economy: Obama

US 'strong and resilient,' president-elect says at first news conference

By Harry Kimball, Newser Staff

Posted Nov 7, 2008 2:39 PM CST

(Newser) – Barack Obama addressed the nation today for the first time since his presidential victory, focusing his remarks on the economy, the New York Times reports. “It is not going to be quick and it’s not going to be easy for us to dig ourselves out of the hole we are in,” the president-elect said. “But America is a strong and resilient country.”

"We are going to need to see a stimulus package passed," Obama said, "either before or after inauguration.” The president-elect hopes the measure will be addressed "sooner rather than later," and said it would be his first priority in office if not dealt with beforehand. Obama promised a decisive first 100 days as commander-in-chief.

A trader on the floor of the New York Stock Exchange watches President-elect Barack Obama's news conference. (AP Photo)

Obama at his first press conference as President-elect. (AP Photo)

President-elect Obama smiles as he arrives for a press conference in Chicago, today. (AP Photo)

« Prev« Prev | Next »Next » Slideshow

To report an error on this story, notify our editors.

OTHER STORIES ON OUR RADAR

Getty Images

35 Brutally Honest Reasons Men Say No to Sex (The Stir)

Man in Mugshot Explains Why He Has Half a Head (HuffPost)

These Exes Were Spotted Making Out … and That's a Bad Thing (Bleacher Report)

Help! I'm Having an Incestuous Relationship With My Twin (Slate)

Which Celeb Dedicated Song to Her Famous Husband Despite Divorce Rumors? (NewsOne)

Partner Links

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

COMMENTS

Read the comment policy

Showing 1 of 1 comment

piodalcin

Nov 8, 2008 6:06 AM CST

The most important issue is not when and how the economic crisis will be over. I believe that having you as a President is going to give American People the strenght to fight trough adversities till you will meet the challange. The people of United States loves you Mr. President Obama, and they will endure sacrifices to help you succeed. God Bless.

What's Popular Now on Facebook

E-Cigarette Explodes in Man's Mouth

Guy Buys $123 Safe on eBay, Finds Major Cash Inside

New York Times (Source Grid »)

Appearance was error-free ...
Time

... except for Nancy Reagan seance gaffe
Washington Post

On the economic meeting that preceded the conference
Detroit Free Press

Obama pushes for stimulus in Congress
CQ Politics

US economy continues downhill trend
Guardian (UK)

Politics

Barack Obama • press conference • credit crisis • Election 2008 • economy • President Obama

More Newser Stories

McCain Paints Ugly Picture, Touts His Experience as Fix

GOP candidate compares Obama to Herbert Hoover on economy

(NEWSER) - John McCain painted a dismal picture of the economy today at a rally in Virginia, comparing Barack Obama’s solutions to Herbert Hoover’s while declaring himself the right candidate to fix the mess, the Virginian-Pilot reports. McCain also raised the specter of his flailing campaign in an effort to invigorate voters, warning that Barack Obama is “measuring the drapes” at the White House. More»

Disaster Ahead for McCain, Obama, and Us

Economic crisis will ruin political, financial fortunes alike

(NEWSER) - Disaster’s dead ahead for John McCain, for Barack Obama, and for the rest of us, too, writes Rosa Brooks in the Los Angeles Times. McCain is “a dead man walking,” as he’ll soon find out. The "winner" will be a President Obama with no idea "how to keep the global economic crisis from sending all the rest of us to the bottom of the sea, right along with McCain and the GOP." More»

Desperate Obama Resorts to Class Warfare

His policies have failed, so he's blaming the rich: Charles Krauthammer

(NEWSER) - President Obama's big speech in Kansas this week makes clear that he's going to resort to class warfare to try to win re-election, writes Charles Krauthammer in the Washington Post . With the economy in shambles, Obama is sticking to his simplistic stick-it-to-the-rich theme ("the breathtaking greed of a few," etc.), happily ignoring the fact that his own policies created much of the problem, argues Krauthammer. More»

Most Popular National Politician Today Is ...

Hillary Clinton, as 'buyer's remorse' plagues a third of the country

(NEWSER) - The most popular politician nationwide is the one that got away: Hillary Clinton. Nearly two-thirds of the country sees the secretary of state favorably, and a third are battling what Bloomberg terms “buyer’s remorse” over not electing her president. Just over a year ago, only a quarter of Americans felt that way. “Looking back, I wonder if she would have been a stronger leader, knowing the games and the politics and all that goes on,” says a Florida woman. “I don’t think she would have bent as much.” More»

Obama: I Won't Sign Any 'Stop-Gap' Debt Deal

President says budget talks will continue 'every day'

(NEWSER) - Compromise was the theme of President Obama's press conference today, during which he acknowledged that yesterday's budget talks did not result in a deal—but promised that "we're gonna meet every single day until we get this thing resolved." He insisted that he and "all the leaders" agree that we absolutely cannot fail to raise the debt ceiling and thus "allow the US government to default." He also confirmed he is still looking for "the largest possible deal," and that he appreciates John Boehner's "good-faith efforts on that front." Obama also noted that nobody is talking about increasing taxes right now. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

No Quick Fix on Economy: Obama

US 'strong and resilient,' president-elect says at first news conference

OTHER STORIES ON OUR RADAR

Barack Obama • press conference • credit crisis • Election 2008 • economy • President Obama

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

McCain Paints Ugly Picture, Touts His Experience as Fix

GOP candidate compares Obama to Herbert Hoover on economy

Disaster Ahead for McCain, Obama, and Us

Economic crisis will ruin political, financial fortunes alike

Desperate Obama Resorts to Class Warfare

His policies have failed, so he's blaming the rich: Charles Krauthammer

Most Popular National Politician Today Is ...

Hillary Clinton, as 'buyer's remorse' plagues a third of the country

Obama: I Won't Sign Any 'Stop-Gap' Debt Deal

President says budget talks will continue 'every day'

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?

No Quick Fix on Economy: Obama

US 'strong and resilient,' president-elect says at first news conference

Bookmark & Share

OTHER STORIES ON OUR RADAR

Barack Obama • press conference • credit crisis • Election 2008 • economy • President Obama

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

McCain Paints Ugly Picture, Touts His Experience as Fix

GOP candidate compares Obama to Herbert Hoover on economy

Disaster Ahead for McCain, Obama, and Us

Economic crisis will ruin political, financial fortunes alike

Desperate Obama Resorts to Class Warfare

His policies have failed, so he's blaming the rich: Charles Krauthammer

Most Popular National Politician Today Is ...

Hillary Clinton, as 'buyer's remorse' plagues a third of the country

Obama: I Won't Sign Any 'Stop-Gap' Debt Deal

President says budget talks will continue 'every day'

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?