{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Excerpts of news conference by president-elect' data-url='/boclips/videos/5c54baead8eafeecae1211a0' data-video-url='/boclips/videos/5c54baead8eafeecae1211a0' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nExcerpts of news conference by president-elect\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. President-elect Barack Obama walks to podium2. Side shot of Obama at podium3. SOUNDBITE: (English) Barack Obama, US President elect:\"Tens of millions of families are struggling to figure out how to pay the bills and stay in their...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. President-elect Barack Obama walks to podium\u003cbr/\u003e2. Side shot of Obama at podium\u003cbr/\u003e3. SOUNDBITE: (English) Barack Obama, US President elect:\u003cbr/\u003e\"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're going to have to act swiftly to resolve it.\"\u003cbr/\u003e4. Obama at podium with economic advisors behind him\u003cbr/\u003e5. Reporters in the room \u003cbr/\u003e6. SOUNDBITE: (English) Barack Obama, US President elect:\u003cbr/\u003e\"The United States has only one government and one president at a time, and until January 20th of next year, that government is the current administration. I've spoken to President Bush. I appreciate his commitment to ensuring that his economic policy team keeps us fully informed as developments unfold. And I'm also thankful for his invitation to the White House. Immediately after I become president, I'm going to confront this economic crisis head on by taking all necessary steps to ease the credit crisis, help hard working families, and restore growth and prosperity.\"\u003cbr/\u003e7. Vice President elect Joe Biden standing in front of economic advisors\u003cbr/\u003e8. SOUNDBITE: (English) Barack Obama, US President elect:\u003cbr/\u003e\"I do not underestimate the enormity of the task that lies ahead. We have taken some major action to date, and we will need further action during this transition, and subsequent months. Some of the choices that we make are going to be difficult, and I have said before and I will repeat again, it is not going to be quick. It is not going to be easy for us to dig ourselves out of the hole that we are in, but America is a strong and resilient country.  I know we will succeed if we put aside partisanship and politics and work together as one nation.\"\u003cbr/\u003e9. Cutaway of Obama at podium and media in room \u003cbr/\u003e10. Cutaway of media in room\u003cbr/\u003e11. SOUNDBITE: (English) Barack Obama, US President elect:\u003cbr/\u003e\"I'm sure that in addition to taking a tour of the White House, there is going to be a subsequent conversation between myself and the president. I am not going to anticipate problems. I'm going to go in there with a spirit of bipartisanship and a sense that both the president and various leaders of Congress all recognise the severity of the situation right now and want to get stuff done.\"\u003cbr/\u003e12. Cutaway of media\u003cbr/\u003e13. Reporter standing and asking question\u003cbr/\u003e14. SOUNDBITE: (English) Barack Obama, US President elect:\u003cbr/\u003e\"I am aware that the letter was sent. Let me state and repeat what I stated during the course of the campaign. Iran's development of a nuclear weapon I believe is unacceptable, and we have to mount a international effort to prevent that from happening. Iran's support of terrorist organisations, I think is something that has to cease. I will be reviewing the letter from President Ahmadinejad and we will respond appropriately. It's only been three days since the election. Obviously how we approach and deal with a country like Iran is not something that we should simply do in a knee-jerk fashion. I think we've got to think it through.\"\u003cbr/\u003e15. Cutaway of media\u003cbr/\u003e16. SOUNDBITE: (English) Barack Obama, US President elect:\u003cbr/\u003e\"But I have to reiterate once again that we only have one president at a time, and I want to be very careful that we are sending the right signals to the world as a whole that I am not the president, and I won't be until January 20th.\"\u003cbr/\u003e17. Cutaway wide shot journalists\u003cbr/\u003e18. SOUNDBITE: (English) Barack Obama, US President elect:\u003cbr/\u003e\"Let me list those off.  In terms of speaking to former presidents, I have spoken to all of them that are living, obviously President Clinton... I didn't want to get into a Nancy Reagan thing about, you know, doing any seances!  I have re-read some of Lincoln's writings, who is always an extraordinary inspiration.\"\u003cbr/\u003e19. Media in room raising hands to ask question\u003cbr/\u003e20. Obama leaves podium UPSOUND (English) Barack Obama, US President elect: \u003cbr/\u003e\"Thank you very much guys.\"\u003cbr/\u003eIn his first news conference since winning the presidency on Tuesday, President-elect Barack Obama said on Friday that the country is facing the greatest economic challenge in a lifetime and the nation is \"going to have to act swiftly to resolve it.\"\u003cbr/\u003eObama said Congress must pass an economic stimulus measure either before or just after he takes office in January.  And he said unemployment benefits need to be extended.\u003cbr/\u003eBut he deferred to President Bush and his economic team on major decisions in the coming weeks.\u003cbr/\u003e\"The United States has only one government and one president at a time.  And until January 20th of next year, that government is the current administration,\" Obama said.\u003cbr/\u003eObama spoke after he and Vice President-elect Joe Biden met privately with economic experts to discuss ways to stabilise the troubled economy. \u003cbr/\u003eBiden, the advisers and Obama's new chief of staff, Rahm Emanuel, stood behind him as he spoke for 20 minutes from a podium that said \"the Office of the President Elect\" at a hotel in his home town.\u003cbr/\u003eObama calmly fielded questions about the economy, Iran and his family's search for a pet dog. \u003cbr/\u003eThe economic crisis, however, dominated the news conference, and Obama said, \"I do not underestimate the enormity of the task that lies ahead.\"\u003cbr/\u003eMore evidence of a recession came on Friday when the government reported that the unemployment rate had jumped from 6.1 percent in September to 6.5 percent in October. Despite dour third-quarter reports from Ford and General Motors, stocks rose some after two days of heavy losses.\u003cbr/\u003eObama's transition to power and early days in office, if not the entire first year of his presidency, almost certainly will be devoted to finding ways to revive the dismal economy.\u003cbr/\u003e\"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,\" Obama said.\u003cbr/\u003eHe said his focus would be on producing jobs and mentioned actions to help the auto industry and small business and aid for state and local governments so they aren't forced to lay off workers or raise taxes.\u003cbr/\u003e\"Some of the choices that we're going to make are going to be difficult,\" Obama said. \"It is not going to be quick. It's not going to be easy for us to dig ourselves out of the whole that we are in.\" But he said he was confident the country could do it.\u003cbr/\u003eObama said he is appreciative of the cooperation that President Bush has offered in smoothing his transition, and he said he's \"grateful\" that Bush has invited Obama and his wife, Michelle, to the White House on Monday.\u003cbr/\u003eHe said he wants to go into the talks with Bush with \"a spirt of bipartisanship and a sense that both the president and various leaders of Congress all recognise the severity of the situation right now.\" \u003cbr/\u003eAsked during the question and answer session about a congratulatory letter from Iranian president Mahmoud Ahmadinejad, Obama said he will move deliberately on how to respond, but that he won't do it in a \"knee-jerk fashion.\"\u003cbr/\u003eObama also took the occasion to reiterate that he is not yet the president and will not be until he is inaugurated on January 20th.\u003cbr/\u003e\"We only have one president at a time. And I want to be very careful that we are sending the right signals to the world as a whole that I am not the president and I won't be until January 20th,\" Obama said.\u003cbr/\u003eAs he prepared to join an exclusive club of presidents, Obama was asked about who he had turned to for advice and inspiration.  \u003cbr/\u003eHe said that in terms of speaking to former presidents, he had \"spoken to all of them that are living\" and when the audience giggled, he added \"I didn't want to get into a Nancy Reagan thing about, you know, doing any seances!\" \u003cbr/\u003eObama later called Nancy Reagan to apologise for the joke.\u003cbr/\u003eThe former first lady had consulted with astrologers during her husband's presidency. 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