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Obama on Economy: My Job Starts Now

Few surprises as president-elect introduces team

By Kevin Spak, Newser Staff

Posted Nov 24, 2008 12:12 PM CST

(Newser) – When it comes to the economy, Barack Obama says his work begins “right now.” Obama introduced his economic team today; as expected, he designated Timothy Geithner as treasury secretary and Lawrence Summers as director of the National Economic Council. The president-elect said they would begin work immediately on a huge stimulus package, which could be signed almost immediately after his inauguration, the Hill reports.

Obama declined to talk numbers regarding the stimulus, but “it’s going to be costly,” he said. Revitalizing the economy, Obama said, was more important than the ballooning deficit, and economists of all stripes are in rare agreement that a big stimulus is the way to do that. Obama said the stimulus will be linked to plans to add 2.5 million jobs to the economy.

Barack Obama introduces his economic team. From left are Timothy Geithner, Christina Romer, and Lawrence Summers. (AP Photo)

Barack Obama introduces members of his economic team during a news conference today. From left: Timothy Geithner, Christina Romer and Obama. (AP Photo)

President-elect Barack Obama gestures as he introduces his economic team during a news conference today in Chicago. (AP Photo)

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Few surprises as president-elect introduces team

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Geithner Blew Off Obama's Order to Dissolve Citigroup

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Obama's economic policy is falling behind the curve

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A la JFK's Cabinet, too often masks poor judgment, inexperience

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Few surprises as president-elect introduces team

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OTHER STORIES ON OUR RADAR

Barack Obama • economic stimulus package • Larry Summers • financial crisis • President Obama • Timothy Geithner • economic policies

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Geithner Blew Off Obama's Order to Dissolve Citigroup

New book says Obama's team routinely undermined him

Stimulus Not Big Enough to Save Us: Krugman

Obama's economic policy is falling behind the curve

Obama's Cure Not Potent Enough for Economic Ills

Call for bold action on economy followed by plan that falls a long way short

Dems Don't Like Obama Tax Cuts

Hill leaders doubt plan's stimulus power, say prez-elect trying too hard to woo GOP

Obama Should Beware 'Best and Brightest'

A la JFK's Cabinet, too often masks poor judgment, inexperience

About Us

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Newser By Users

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More News

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