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CBS Marketwatch Text of Obama's remarks

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cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-07-08 03:07 PM
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CBS Marketwatch Text of Obama's remarks
WASHINGTON (MarketWatch) - Here is the text of prepared remarks by President-elect Obama at his press conference in Chicago on Friday, as released by his transition team.
http://www.marketwatch.com/news/story/Text-Obamas-remarks/story.aspx?guid=%7B5D6F283F%2DC377%2D4DB6%2DAD78%2D001D2C3FA4A7%7D&dist=hplatest

This morning, we woke to more sobering news about the state of our economy. The 240,000 jobs lost in October marks the 10th consecutive month that our economy has shed jobs. In total, we've lost nearly 1.2 million jobs this year, and more than 10 million Americans are now unemployed. Tens of millions of families are struggling to figure out how to pay the bills and stay in their homes. 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.

The United States has only one government and one President, and until January 20th of next year, that government is the current Administration. I have spoken to President Bush, and I appreciate his commitment to ensuring that his economic policy team keeps us fully informed as developments unfold.
Immediately after I become President, I will confront this economic crisis head-on by taking all necessary steps to ease the credit crisis, help hardworking families, and restore growth and prosperity.

This morning, I met with members of my Transition Economic Advisory Board, who will help guide the work of my transition team in developing a strong set of policies to respond to this crisis. We discussed several of the most immediate challenges facing our economy and key priorities on which to focus on in the days and weeks ahead:



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