Barack Obama

Obama: 'Change has come'

Barack Obama has addressed the people of the United States after becoming their 44th President. » More

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The American Future: A History, by Simon Schama:

 What is an American?

While the 2008 presidential campaign is in full swing, Simon Schama travels through America to dig deep into the conflicts of its history to understand what is at stake right now,,,,

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Obama's girls about to go into the fishbowl

Sasha Obama, left, and Malia Obama will make the White House home come January 20.

Sasha Obama, left, and Malia Obama will make the White House home come January 20.
(CNN) -- Barack Obama's daughters are moving into a house with a swimming pool, a bowling alley and its own movie theater.

When their father is inaugurated on January 20, Malia Obama, 10, and Sasha Obama, 7, will also be moving into a place where they'll not only be under the watchful eye of the Secret Service but also under the eye of the media.

"One of the negatives of the White House is that its very much a fishbowl," presidential historian Doug Wead said.

"There's something that Sasha or Malia will say or do and they'll be remembered for it for the rest of their lives," said Wead, who wrote "All the Presidents' Children," a book on the lives of kids at the White House. Video Watch what life's like for White House kids »

Theodore Roosevelt's children used to like to drop water balloons on foreign dignitaries, Wead said. They also let their pet snake slither around the White House dining room.

John F. Kennedy Jr. was known for hiding under his father's Oval Office desk. His older sister, Caroline, had a pony who romped untethered around the White House grounds.

President Abraham Lincoln's youngest son, Thomas, used to startle everyone in the building by making all the White House bells ring at one time.

But with the mischief and pranks comes a lifetime of pressure, said Noah McCollough, who wrote the book "First Kids."

"John Quincy Adams' kids went through alcoholism and addiction because they couldn't live up to their parents expectation" in their later years, McCollough said.
Read up on the blessed and star-crossed lives of some other White House kids »

Much of Malia and Sasha's White House experience will be monitored by their mother, Michelle Obama, who seems determined to be active in their lives.

Even as her husband campaigned for the presidency, Michelle Obama was a soccer mom, cheering from the sidelines of her daughters' games.

"I'm a mother first. And I'm going to be at parent-teacher conferences, and ... I'm going to be at the things that they want me to attend. I'm not going to miss a ballet recital," Michelle Obama said.

Together with the president-elect, she'll have to decide where the girls will attend school.

"If they send their child to a private school they'll be called elitist for betraying the public school system," Wead said.

Jacqueline Kennedy, not wanting Caroline being hounded by the media as she went to school, set up a first-grade classroom on the third floor of the White House. Ten of Caroline's friends also attended, each bringing their own lunch pail.

President Jimmy Carter sent daughter Amy, age 9 when she moved to Washington, to the public Hardy Middle School.

President Bill Clinton's daughter, Chelsea, attended the private Sidwell Friends School.

No matter the choice, even their grades will come under public scrutiny.

"If you flunk that huge math test, it's on the front page of the newspaper the next day," McCollough said.

But assuming no one gets grounded for bad grades, imagine the possibilities for sleepovers or parties. President Gerald Ford's daughter Susan, for example, held her senior prom at the White House.

Whatever the educational choice, the Obamas have made clear their kids won't be an afterthought now that Barack Obama is about to become the world's most powerful person.

On Friday morning, before the president-elect met with his advisers on the troubled economy and before his first news conference since the election scheduled for the afternoon, Barack and Michelle Obama went to a parent-teacher conference at the University of Chicago Lab School.

And the girls will have company at the house on Pennsylvania Avenue.

"You have earned that puppy that is coming with us to the White House," their father told them in his acceptance speech.

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Obama: 'We have to act swiftly' on economy

(CNN) -- In his first public remarks since delivering his victory speech three days ago, President-elect Barack Obama vowed Friday that restoring the nation's economic equilibrium will be a priority of his administration.
"I do not underestimate the enormity of the task that lies ahead," Obama told reporters at the Hilton Hotel in Chicago, Illinois. "We have taken some major action to date, and we will take further action." Obama said that passing a stimulus package will be his first move if the lame-duck Congress fails to do so before he takes office January 20. "It's not going to be easy for us to dig ourselves out of the hole that we're in," he said, flanked by Vice President-elect Joe Biden and members of his transition economic advisory board."But America is a strong and resilient country, and I know that we will succeed if we put aside politics and partisanship." Obama pointed to Friday's release of unemployment figures and bad news from the auto industry as part of the reason that his administration will have to move quickly on the economic crisis. Video Watch Obama lay out his economic plan »"We are facing the greatest economic challenge of our lifetime, and we are going to have to act swiftly to solve it," Obama said.Obama expressed gratitude to President Bush for his invitation to White House and the promise the outgoing leader has made to keep him fully informed about the state of the nation.Obama said he would work together with Bush in bipartisan spirit to help the country move forward. Responding afterward to the news conference, one GOP lawmaker said he was "encouraged by Barack Obama's idea that it is time to put the partisan politics aside and work to help us all.""We have a difficult situation in front of us, and it is impacting individuals at the heart of their being," Sen. Tom Coburn, R-Oklahoma, said on CNN.After assuming office, Obama said that he would "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." Video Watch Obama talk about help for the middle class »"We need a rescue plan for the middle class that invests in immediate efforts to create jobs and provide relief to families that are watching their life savings disappear."He vowed to extend unemployment benefits for workers, to help families avoid foreclosure and to aid small businesses and strapped state and municipal governments as well as the U.S. auto industry, which has been pounded by plummeting sales."The auto industry is the backbone of American manufacturing," he said, promising that his transition team will work to "help the auto industry adjust."On Friday, General Motors Corp., the nation's largest automaker, reported a huge loss much worse than expected -- $4.2 billion -- and warned it's in danger of running out of cash in the coming months. Ford Motor Co. also reported Friday a $3 billion operating loss in the latest quarter. The Labor Department's monthly jobs report Friday showed that the economy shed 240,000 jobs in October, bringing the year's total job losses to 1.2 million. The unemployment rate climbed from 6.1 percent to 6.5 percent, the highest it has been since March 1994.On the foreign affairs front, Obama reiterated that he believes a nuclear-armed Iran would be "unacceptable," but he said any U.S. response to Tehran would not be in a "knee-jerk fashion." Obama said he would help mount an international effort to keep Iran from becoming a nuclear threat.Obama said he would move with "deliberate haste" to fill his Cabinet posts.Earlier Friday, a source involved in the Cabinet gathering process said Obama is considering a mix of Washington insiders and high-profile business executives to head Cabinet positions.Interest in the makeup of Obama's economic team is high. Obama's business brain trust Before the press conference, Obama and Biden met with a 17-member council of economic advisers. Among the panelists were former Treasury Secretaries Lawrence Summers and Robert Rubin, former Fed Chairman Paul Volcker and billionaire businessman Warren Buffett. This is one of the first times that I can remember that the secretary of the Treasury is going to be almost as important as the secretary of state," said CNN senior political analyst David Gergen, who served in the Reagan and Clinton administrations.Names circulating for the treasury secretary position include Timothy Geithner, Summers and Volcker. Possible appointees for Obama's administration »

For secretary of state, Sen. John Kerry, D-Massachusetts, is high on the list, said the source involved in the process. Sen. Christopher Dodd of Connecticut, a former presidential candidate who later endorsed Obama in the Democratic primaries; New Mexico Gov. Bill Richardson; and former U.N. Ambassador Richard Holbrooke also are interested in the job, the source said. Who should be in Obama's Cabinet?

For defense secretary, indications are the current defense chief, Robert Gates, will stay "for a certain period," the source said. Gates, the former CIA director under President George H.W. Bush, has received bipartisan praise for his leadership at the Pentagon in the last two years. Video Watch how Obama's inner circle is taking shape »

Arizona Gov. Janet Napolitano is said to be a "very real possibility" for U.S. attorney general, the source said. For secretary of commerce, Leon Panetta, former White House chief of staff in the Clinton administration; Time Warner Chairman Dick Parsons; Chicago businesswoman Penny Pritzker; and University of California economist Laura Tyson are all under consideration, according to the source.Obama on Thursday named U.S. Rep. Rahm Emanuel of Illinois as his chief of staff.Video Watch to see who Emanuel is »A source with the Obama transition team said a plan to name David Axelrod a senior adviser to the incoming president is "in the works." Observers believe Robert Gibbs, the communications director for Obama's presidential campaign, will become the presidential press secretary. Obama won the presidency with 364 electoral votes -- nearly 100 more than needed. On Friday, CNN projected Obama the winner in North Carolina, which has 15 electoral votes.

CNN's Candy Crowley, Gloria Borger, Suzanne Malveaux, John Helton, Kristi Keck and Alexander Mooney contributed to this report.

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Transcript: 'I'm going to confront this economic crisis,' Obama says

President-elect Barack Obama emphasized the economy in a news conference in Chicago, Illinois, on Friday.

President-elect Barack Obama emphasized the economy in a news conference in Chicago, Illinois, on Friday.

CHICAGO, Illinois (CNN) -- Sen. Barack Obama spoke at a his first news conference as president-elect Friday afternoon. The following is a transcript of the conference:

Obama: Thank you very much, everybody. Thank you very much.

This morning, we woke up to more sobering news about the state of our economy. The 240,000 jobs lost in October marks the 10th consecutive month that our economy has shed jobs. In total, we've lost nearly 1.2 million jobs this year, and more than 10 million Americans are now unemployed.

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.

Now, 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 hardworking families, and restore growth and prosperity. Video Watch Obama urge swift action on the economy »

And this morning, I met with members of my Transition Economic Advisory Board, who are standing behind me, alongside my vice president-elect, Joe Biden.

They will help to guide the work of my transition team, working with Rahm Emanuel, my chief of staff, in developing a strong set of policies to respond to this crisis. We discussed in the earlier meeting several of the most immediate challenges facing our economy and key priorities on which to focus on in the days and weeks ahead. Video Watch Obama lay out his economic plan »

First of all, we need a rescue plan for the middle class that invests in immediate efforts to create jobs and provide relief to families that are watching their paychecks shrink and their life savings disappear.

A particularly urgent priority is a further extension of unemployment insurance benefits for workers who cannot find work in the increasingly weak economy.

A fiscal stimulus plan that will jump-start economic growth is long overdue. I've talked about it throughout this -- the last few months of the campaign. We should get it done.

Second, we have to address the spreading impact of the financial crisis on the 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.

We must also remember that the financial crisis is increasingly global and requires a global response.

The news coming out of the auto industry this week reminds us of the hardship it faces, hardship that goes far beyond individual auto companies to the countless suppliers, small businesses and communities throughout our nation who depend on a vibrant American auto industry.

The auto industry is the backbone of American manufacturing and a critical part of our attempt to reduce our dependence on foreign oil.

I would like to see the administration do everything it can to accelerate the retooling assistance that Congress has already enacted. In addition, 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 of America.

And I was glad to be joined today by Governor Jennifer Granholm, who obviously has great knowledge and great interest on this issue.

I've asked my team to explore what we can do under current law and whether additional legislation will be needed for this purpose.

Third, we will review the implementation of this administration's financial program to ensure that the government's efforts are achieving their central goal of stabilizing financial markets while protecting taxpayers, helping homeowners, and not unduly rewarding the management of financial firms that are receiving government assistance.

It is absolutely critical that the Treasury work closely with the FDIC, HUD, and other government agencies to use the substantial authority that they already have to help families avoid foreclosure and stay in their homes.

Finally, as we monitor and address these immediate economic challenges, we will be moving forward in laying out a set of policies that will grow our middle class and strengthen our economy in the long term. We cannot afford to wait on moving forward on the key priorities that I identified during the campaign, including clean energy, health care, education, and tax relief for middle-class families.

My transition team will be working on each of these priorities in the weeks ahead, and I intend to reconvene this advisory board to discuss the best ideas for responding to these immediate problems. Video Watch more about a new president's transition into office »

Let me close by saying this. 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, and 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. And I know we will succeed, if we put aside partisanship and politics and work together as one nation. That's what I intend to do.

With that, let me open it up for some questions. And I'm going to start right here with you.

Question: Thank you, Mr. President-elect. I wonder what you think any president can accomplish during their first 100 days in office to turn the economy around? How far can you go? And what will be your priorities on day one?

Obama: Well, I think that a new president can do an enormous amount to restore confidence, to move an agenda forward that speaks to the needs of the economy and the needs of middle-class families all across the country.

I've outlined during the course of the campaign some critical issues that I intend to work on.

We have a current financial crisis that is spilling out into rest of the economy, and we have taken some action so far. More action is undoubtedly going to be needed. My transition team is going to be monitoring very closely what happens over the course of the next several months.

The one thing I can say with certainty is that we are going to need to see a stimulus package passed either before or after inauguration.

We are going to have to focus on jobs, because the hemorrhaging of jobs has an impact, obviously, on consumer confidence and the ability of people to -- to buy goods and services and can have enormous spillover effects.

And I think it's going to be very important for us to provide the kinds of assistance to state and local governments to make sure that they don't compound some of the problems that are already out there by having to initiate major layoffs or initiate tax increases.

So there are some things that we know we're going to have to do, but I'm confident that a new president can have an enormous impact. That's why I ran for president.

Question: (off-mike) ... from House Democrats that the stimulus package may be in trouble, that it's going to be a hard time getting out of a lame-duck session. Are you still confident that you would be able to get something done before you actually take office?

Obama: I want to see a stimulus package sooner rather than later. If it does not get done in the lame-duck session, it will be the first thing I get done as president of the United States.

Question: Senator, for the first time since the Iranian revolution, the president of Iran sent a congratulations note to a new U.S. president. I'm wondering if, first of all, if you responded to President Ahmadinejad's note of congratulations and, second of all, and more importantly, how soon do you plan on sending low-level envoys to countries such as Iran, Syria, Venezuela, Cuba, to see if a presidential-level talk would be productive?

Obama: I am aware that the letter was sent. Let me state -- 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 organizations 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, you know, simply do in a knee- jerk fashion. I think we've got to think it through.

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.

Question: Picking up what we were just talking about, your meeting with President Bush on Monday. When -- he is still the decider, obviously, stating the obvious. When you disagree with decisions he makes, will you defer? Will you challenge? Will you confront? And if it becomes confrontational, could that rattle the markets even more?

Obama: Well, President Bush graciously invited Michelle and I to -- to meet with him and First Lady Laura Bush. We are gratified by the invitation. I'm sure that, in addition to taking a tour of the White House, there's going to be a substantive conversation between myself and the president.

I'm 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 in Congress all recognize the severity of the situation right now and want to get stuff done.

And, you know, undoubtedly there may end up being differences between not just members of different parties, but between people within the same party.

The critical point and I think the critical tone that has to be struck by all of us involved right now is the American people need help. This economy is in bad shape. And we have just completed one of the longest election cycles in recorded history.

Now is a good time for us to set politics aside for a while and think practically about what will actually work to move the economy forward. And it's in that spirit that I'll have the conversation with the president.

Question: Thank you, Mr. President-elect. With the country facing two wars and a financial crisis, do you think it's important for you to move especially quickly to fill key cabinet posts, such as treasury secretary and secretary of state?

Obama: When we have an announcement about cabinet appointments, we will make them. There is no doubt that I think people want to know who's going to make up our team.

And I want to move with all deliberate haste, but I want to emphasize "deliberate" as well as "haste." I'm proud of the choice I made of vice president, partly because we did it right. I'm proud of the choice of chief of staff, because we thought it through.

And I think it's very important, in all these key positions, both in the economic team and the national security team, to -- to get it right and not to be so rushed that you end up making mistakes.

I'm confident that we're going to have an outstanding team, and we will be rolling that out in subsequent weeks.

Question: Yes, sir. To what extent -- to what extent are you planning to use your probably pretty great influence in determining the successor for your Senate seat? And what sort of criteria should the governor be looking at in filling that position?

Obama: This is the governor's decision; it is not my decision.

And I think that the criteria that I would have for my successor would be the same criteria that I'd have if I were a voter: somebody who is capable; somebody who is passionate about helping working families in Illinois meet their -- meet their dreams.

And I think there are going to be a lot of good choices out there, but it is the governor's decision to make, not mine.

Lynn Sweet?

Question: Mr. President-elect ...

Obama: What happened to your arm, Lynn?

Question: I cracked my shoulder running to your speech on election night.

Obama: Oh, no.


Question: (inaudible)

Obama: I think that was the only major incident during the -- the entire Grant Park celebration.

Question: Thank you for asking. Here's my question. I'm wondering what you're doing to get ready. Have you spoke to any living ex-presidents, what books you might be reading?

Everyone wants to know, what kind of dog are you going to buy for your girls? Have you decided on a private or public school for your daughters?

Obama: Let -- let me list those off.

In terms of speaking to former presidents, I've 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's always an extraordinary inspiration.

And, by the way, President Carter, President Bush, Sr., as well as the current president have all been very gracious and offered to provide any help that they can in this transition process.

With respect to the dog, this is a major issue. I think it's generated more interest on our Web site than just about anything.

We have -- we have two criteria that have to be reconciled. One is that Malia is allergic, so it has to be hypoallergenic. There are a number of breeds that are hypoallergenic.

On the other hand, our preference would be to get a shelter dog, but, obviously, a lot of shelter dogs are mutts like me. So -- so whether we're going to be able to balance those two things I think is a pressing issue on the Obama household.

And with respect to schools, Michelle will be -- will be scouting out some schools. We'll be making a decision about that in the future.

Question: You are now privy to a lot of intelligence that you haven't had access to before, in fact, much of what the president sees, I'm sure all of it.

First of all, do you -- what do you think about the state of U.S. intelligence, whether you think it needs beefing up, whether you think there's enough interaction between the various agencies?

And, second of all, has anything that you've heard given you pause about anything you've talked about on the campaign trail?

Obama: Well, as you know, if -- if there was something I had heard, I couldn't tell you. But...

Question: (off-mike)

Obama: I have received intelligence briefings. And I will make just a general statement.

Our intelligence process can always improve. I think it has gotten better. And, you know, beyond that, I don't think I should comment on the nature of the intelligence briefings.

That was a two-parter. Was there another aspect to that?

Question: Well, just whether -- you know, absent what you've heard...

Obama: OK, I get you.

Question: ... whether anything has given you pause.

Obama: I'm going to skip that.

Question: Mr. President-elect, do you still intend to seek income tax increases for upper-income Americans? And if so, should these Americans expect to pay higher taxes in 2009?

Obama: The -- my tax plan represented a net tax cut. It provided for substantial middle-class tax cuts; 95 percent of working Americans would receive them.

It also provided for cuts in capital gains for small businesses, additional tax credits. All of it is designed for job growth.

My priority is going to be, how do we grow the economy? How do we create more jobs?

I think that the plan that we've put forward is the right one, but, obviously, over the next several weeks and months, we're going to be continuing to take a look at the data and see what's taking place in the economy as a whole.

But, understand, the goal of my plan is to provide tax relief to families that are struggling, but also to boost the capacity of the economy to grow from the bottom up.

All right. Thank you very much, guys.

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