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A 60 Minute Interview With President Obama

A Program hosted on CBS, by the name of '60 Minutes', was the first one to interview the newly president elect since the November 4 Elections. The interview consisted of some major headlines which are being faced by the United States right now. The key issues discussed were the economic crises and the national security. The interview also consisted of some personal questions.

He said that $700 Billion bailout for the nation was very little but on the other hand he also credited Mr. George W Bush and his administration for what they had done for the country as well as to look towards the global financial crisis.

Mr. Obama, discussed the keys issues being faced by the country and told that he had plans to get the country out of the financial crisis. But on the other hand, he told that it would take time.

On the foreclosure crisis being faced by the country, he said:

"We have not focused on foreclosures and what's happening to homeowners as much as I would like. We have the tools to do it. We've got to set up a negotiation between banks and borrowers, so that people can stay in their homes. That is going to have an impact on the economy as a whole. And, you know, one thing I'm determined is that if we don't have a clear, focused program for homeowners by the time I take office, we will after I take office."

On bailout for auto makers he said:

"We need to provide assistance to the auto industry. But I think that it can't be a blank check. So my hope is that, over the course of the next week, between the White House and Congress, the discussions are shaped around providing assistance, but making sure that that assistance is conditioned on labor, management, suppliers, lenders, all the stakeholders coming together with a plan -- what does a sustainable U.S. auto industry look like? -- so that we are creating a bridge loan to somewhere, as opposed to a bridge loan to nowhere."

Some outlines being told about the budget deficit:

"We shouldn't worry about the deficit next year, or even the year after that. Short term, the most important thing is that we avoid a deepening recession."

The financial Regulation:

"It's a top priority. I think that we have to restore a sense of trust, transparency, openness in our financial system."

On the inmates and about Guantanamo Bay:

"I have said repeatedly that I intend to close Guantanamo, and I will follow through on that. I have said repeatedly that America doesn't torture, and I'm going to make sure that we don't torture."

Looking forward towards Iraq:

"As soon as I take office, I will call in the joint chiefs of staff, my national security apparatus, and we will start executing a plan that draws down our troops."

bama, a Democrat, vowed to quickly establish a program to help homeowners avoid foreclosure and said Congress and the Bush administration should find a compromise this week to provide financial aid to the auto industry.

Obama and his wife, Michelle, also offered a glimpse into their family. They will get a dog, they said, but not until later this winter, after they settle in. And the new president will leave it up to his mother-in-law to decide whether she will move into the White House.

"I don't tell my mother-in-law what to do," Obama said. "I'm not stupid. That's why I got elected president, man."

Michelle Obama teased her husband when he lamented he would no longer enjoy the "soothing" experience of dishwashing.

"Since when was it ever soothing for you to wash the dishes?" she asked. "You know," he responded, "when I had to do it. I'd make it into a soothing thing."

The future first lady said her first priority is ensuring their daughters adjust to the new way of life. After that, she wants to help military families and improve the public school system in Washington, D.C., she said.

"The thing we've learned … as we've watched this campaign is that people, women, are capable of doing more than one thing well at the same time," Michelle Obama said. "And I've, you know, had to juggle being mom in chief and having a career for a long time."

Obama officially resigned from the Senate on Sunday and has named key White House personnel in recent days. The interview aside, he has kept a low profile since beating Republican Sen. John McCain on Nov. 4.
Though he acknowledged meeting with his former rival for the Democratic nomination, Sen. Hillary Rodham Clinton, D-N.Y., he would not say whether he will name her to a Cabinet position.As he prepares to take on the economic crisis, Obama said he has been reading about the early days of President Franklin D. Roosevelt's administration during the Great Depression.

He said he hopes to emulate FDR's willingness to keep looking for solutions until something worked.

"That's what the American people expect," Obama said. "And, you know, that's the kind of common-sense approach that I want to take when I take office."


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