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Scott Paul, Executive Director of the Alliance for American Manufacturing joins the 2nd hour of Monday's show to discuss an increase in US manufacturing and the latest jobs proposal.
Stephen A. Smith, columnist for the Philadelphia Enquirer and nationally syndicated talk radio host, joins the 2nd hour of Monday's show to discuss the Super Bowl win by New Orleans.
Obama says he'll have economic plan on his 1st day Posted on 11/26/2008
President-elect Barack Obama pledged on Wednesday to have an economic plan ready for action on the nation's financial crisis on his first day in office.
Obama Comments Obama declared, "Help is on the way."
He also said his Cabinet would "combine experience with fresh thinking."
Responds to Recycling Clinton Officials Obama pushed back against criticism that he was recycling former Clinton administration officials as he builds his new economic team.
Paul Volker Named In his third news conference on the economy in as many days, Obama announced he had chosen former Federal Reserve Chairman Paul Volcker to head a new White House panel to help create jobs and bring stability to the ailing financial system.
Austan Goolsbee will be Director The economic-recovery board's staff director and chief economist will be Austan Goolsbee.
Goolsbee was senior economic adviser to the Obama campaign and will also be a member of the White House Council of Economic Advisers.
Other Board Members The other board members - 8 to 16 people of a caliber of Eric Schmidt, chairman and executive officer of Google Inc., will be named later.
Assurance for Nervous Consumers Obama has sought to assure nervous consumers and financial markets that he will bring swift economic relief as president.
30 Million Americans Use Food Stamps The Washington Post reported Wednesday that the number of Americans using food stamps to buy groceries was expected to pass 30 million this month, a new record.
$455 Billion Deficit The federal budget deficit was a record $455 billion for the fiscal year that ended Sept. 30.
It is certain to be higher this year - possibly reaching $1 trillion - as the costs of a financial bailout and an economic stimulus package are piled on top of smaller-than-expected tax receipts.
Earlier Announcements Tuesday, Obama introduced Congressional Budget Office Director Peter Orszag as his candidate to run the White House Office of Management and Budget.
The president-elect also pledged a "page-by-page, line-by-line" budget review to root out unneeded spending.
On Monday, Obama tapped New York Federal Reserve President Tim Geithner as his treasury secretary and named several other top economic advisers.
Announcements Next Week His economic team largely complete, Obama was expected next week to introduce national security officials, including Hillary Clinton as his secretary of state.
Obama also was expected to announce he had asked Defense Secretary Robert Gates to remain at the Pentagon for a year.
James Jones, a former Marine Corps commandant and NATO commander, was Obama's pick to be national security adviser.
