Post Politics
New home.
Still the best political coverage.

President-Elect Barack Obama Announces Economic Team

Network News

X Profile
View More Activity
CQ Transcripts Wire
Monday, November 24, 2008; 12:22 PM

SPEAKERS: PRESIDENT-ELECT BARACK OBAMA

VICE PRESIDENT-ELECT JOSEPH R. BIDEN JR.

[*] OBAMA: The news this past week, including this morning's news about Citigroup, has made it even more clear that we are facing an economic crisis of historic proportions.

Our financial markets are under stress. New home purchases in October were the lowest in half-a-century. Recently, more than 500,000 jobless claims were filed, the highest in 18 years.

And if we do not act swiftly and boldly, most experts now believe that we could lose millions of jobs next year.

While we can't underestimate the challenges that we face, we also can't underestimate our capacity to overcome them, to summon that spirit of determination and optimism that has always defined us, and to move forward in a new direction to create new jobs, reform our financial system, and fuel long-term economic growth.


CONTINUED     1                 >

More in the Politics Section

Campaign Finance -- Presidential Race

2008 Fundraising

See who is giving to the '08 presidential candidates.

Latest Politics Blog Updates

© 2008 The Washington Post Company

Network News

X My Profile
View More Activity