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