Remarks from President-Elect Barack Obama

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The first of the Weekly Addresses from my wonderful President-Elect Barack Obama.

For the first time, the weekly Democratic address has been released as a web video. It will also continue to air on the radio. President-elect Obama plans to to publish these weekly updates through the Transition and then from the White House. Today's address from the President-elect concerns the current economic crisis:

Remarks of President-elect Barack Obama
Today, the leaders of the G-20 countries -- a group that includes the world's largest economies -- are gathering in Washington to seek solutions to the ongoing turmoil in our financial markets. I'm glad President Bush has initiated this process -- because our global economic crisis requires a coordinated global response.

And yet, as we act in concert with other nations, we must also act immediately here at home to address America's own economic crisis. This week, amid continued volatility in our markets, we learned that unemployment insurance claims rose to their highest levels since September 11, 2001. We've lost jobs for ten straight months -- nearly 1.2 million jobs this year, many of them in our struggling auto industry. And millions of our fellow citizens lie awake each night wondering how they're going to pay their bills, stay in their homes, and save for retirement.

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