CHICAGO (AP) — President-elect Barack Obama was staying in Chicago for the U.S. Thanksgiving holiday Thursday and squeezing in some holiday shopping, a day after trying to reassure Americans about the ailing economy as stores braced for a rough season.
“Help is on the way,” he proclaimed Wednesday at his third news briefing on the economy this week. Fifty-five days away from taking office, he declared he would have an economic plan ready for action “starting day one.”
To help with ideas from outside the White House, Obama also announced he was forming a new team of advisers with former Federal Reserve Chairman Paul Volcker as the head.
“There is no doubt that during tough economic times family budgets are going to be pinched,” Obama said. “I think it is important for the American people, though, to have confidence that we’ve gone through recessions before, we’ve gone through difficult times before, that my administration intends to get this economy back on track.”
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