Summary of Press Conference of President Elect Obama

I am focused on politics and the state of the economy like never before and in part due to my daughter’s interest in politics. In case anyone missed the Press Conference, here’s the summary.

 

Economic challenge requiring swift action.

 

The current President will remain in charge until 1/20/08..

 

Bush’s cabinet is keeping him fully informed.

 

After President Obama becomes active he will address all issues.

 

Immediate challenges for priority include:

 

Rescue plan for middle class.

 

Stimulus plan to jump start economic growth.

 

Spreading impact of the economy which requires a Global response.

 

Auto crisis/hardship (backbone of financial economy).

            Transition team to help.

 

Review governments laws to see what can be implemented within the law and evaluate any change necessary.

 

Set of policies to grow middle calls and grow the economy.

            Significant issues include: Clean energy, health, education.

 

He is not underestimating the task at hand; choices will be difficult; it won’t be quick or easy to dig ourselves out of the hole. America is strong and resilient if put aside politics.

 

 

Stimulus package will be the first thing he gets done if not done in the lame duck session.

 

            UPS just delivered a package for my daughter’s birthday so I just missed about 10 minutes of the speech.

 

 

Successor for the Senate seat (is Governor’s decision).

 

In Preparation for position as President what have you done?

 

Spoken with all former Presidents….all that is living, all had been gracious to provide help in the transaction process. Reread Lincoln’s writings.

 

A lot of focus on the type of Dog: Two criteria: Hypo-allergenic dog (due to Malia is allergic).

            Shelter dogs wont work due (they are mutts like me), won’t be in criteria.

 

Schools: Wife will make decisions after scouting out. In the future.

 

Intelligence briefing: no comment (skipped questions)

 

Tax for upper income citizen: net tax cut, provided for sub. Middle class tax cuts received by 90%, small business for economic growth. Obviously will continue to look at the data to see what is taking place. Provide tax relief and boost economy to grow from the bottom up.