Obama Speaks About Economy

The economy was Barack Obama's focus today when he delivered the Democratic Radio Address.
The President-elect is getting closer to naming members of his cabinet.

The President-elect says he will help solve the country's economic woes.

Obama said, "I have already directed my economic team to come up with an economic recovery plan, that will mean 2.5 million more jobs by January of 2011."

Barack Obama took to the airwaves for the weekly Democratic Radio Address, which he also posts online. He mostly focused on how he'll return people to work.

He said, "These Americans need help. And they need it now."

Obama is having a quiet weekend here in Chicago as he prepares for a busy week. He's expected to make some official announcements about his economic team on Monday.

The leak of his likely pick for Treasury Secretary sent the markets soaring Friday.

The Dow closed up almost 500 points.
The frontunner, Tim Geithner, is the president of the Federal Reserve Bank of New York and also spent 15 years working at Treasury under three administrations.

Washington Post Columnist Steve Pearlstein said, "Good team player. Knows exactly what's going on and going wrong."

Mr. Obama's other important picks are also becoming clearer. Close aide Robert Gibbs will be White House Press Secretary.
A staffer for Senator Hillary Clinton told CBS News she was offered the job of Secretary of State this week, and she will accept.

New Mexico Governor Bill Richardon is the leading candidate for Commerce Secretary....as the President-elect's Cabinet quickly comes into focus.


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