A particularly urgent priority is a further extension of unemployment insurance benefits for workers who cannot find work in the increasingly weak economy...He even got a dig in during the q&a, but some are wondering if it was a good move. Here's one response from NYTimes.com's liveblog of the event.
we must address the spreading impact of the financial crisis on other sectors of our economy: small businesses that are struggling to meet their payrolls and finance their holiday inventories; and state and municipal governments facing devastating budget cuts and tax increases...
I have made it a high priority for my transition team to work on additional policy options to help the auto industry adjust, weather the financial crisis, and succeed in producing fuel-efficient cars here in the United States. I have asked my team to explore what we can do under current law and whether additional legislation will be needed for this purpose...
It is critical that the Treasury work closely with the FDIC, HUD and other government agencies to use the substantial authority they already have to help families avoid foreclosure and stay in thei homes.
Mr. Obama is finding out just how much words matter when you’re the president-elect — while he was extra cautious about everything he said about the economy, careful of not influencing the financial markets, he may have been a little flip in his reference to Nancy Reagan’s seances. The blogosphere is already discussing whether he was being disrespectful to the former First Lady.What frustrates me the most about this press conference is that the media are still a little behind in learning that people want video following an event as major as President Obama's first press conference after the election. As much as I personally love text, society as a whole is going a lot more multimedia, and I often prefer video over text in many newsworthy circumstances. This event was about far more than words, but right now, that's all I can get. Some sites had live feeds, but they're blank now, so if anyone finds the archived video before I can, leave a link in the comments.
UPDATE
Finally...watch the press conference:
And Olbermann's coverage:
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