24Nov Obama says he and Bush are ‘united’ to fix economy
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President-elect Barack Obama on Monday called the financial crisis one of “historic proportions” and said that he and the Bush administration are “united” in their efforts to get the economy back on track.
As Obama unveiled his economic team, he said there isn’t “a minute to waste” when it comes to rebuilding the economy.
“My commitment is to do what is required. President Bush has indicated that he has the same approach, the same attitude,” Obama said at a news conference in Chicago, Illinois.
Obama’s remarks came just hours after the federal government announced a massive rescue package for Citigroup — which President Bush said he’d spoken about with Obama before it was announced.
Obama said Monday that he has asked his newly formed economic team to develop recommendations for his economic plan, which he outlined Saturday, and to consult with Congress, the current administration and the Federal Reserve on immediate economic developments over the next two months.
In selecting his economic team, Obama said he sought leaders who share his fundamental belief that “we cannot have a thriving Wall Street without a thriving Main Street.”
Watch Obama call the economic crisis one of ‘historic proportions »
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