President-elect Barack Obama (C) answers a question during his first press conference following his election victory in Chicago, November 7, 2008.
REUTERS/Carlos Barria (UNITED STATES)
With his economic team, Vice-President elect Biden, and Chief of Staff Rahm Emanuel standing behind him Mr. Obama trys to settle the worries of a nation where the jobless rate has reached 6.50 %. The stock market fluctuated during his press conference and went down about 100 points but rallied after the conference closing up 250+ points.
In my estimation his words were measured, soothing, and showing a bipartisan attitude that is needed at this time. He reminded the public that he is not the president and that if the lame-duck administration cannot pass a stimulus package before he takes office in January it will be his first priority.
Nothing earth shattering in this speech, but reassuring in the fact that he is addressing the problem. He will announce his economic cabinet appointment when he has decided. He will be deliberate in his choice and it will be a choice not made in haste. He's already on the job and I am reassured by that.
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