Obama Pledges Foreclosure Help
President-Elect And Wife Sit Down With Steve Kroft For First Interview Since Election Day
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Obamas React To Victory
When did it sink in that her husband would become the nation's 44th president? Michelle Obama and the president-elect speak with Steve Kroft, this Sunday, Nov. 16, at 7 p.m. ET/PT.
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President-elect Barack Obama and his wife Michelle, speaking with 60 Minutes correspondent Steve Kroft on Friday, Nov. 14, 2008, in Chicago. This was the Obamas first interview since Election Day. (CBS)
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Election Day 2008
Images, results and reaction from the historic election.
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Accepting The Mantle
President-elect Barack Obama addresses the nation and the world after his victory.
Obama and future First Lady Michelle Obama spoke to 60 Minutes correspondent Steve Kroft on Friday yesterday in a wide-ranging interview to be broadcast this Sunday, Nov. 16, at 7 p.m. ET/PT.
He also said he would make cabinet appointments soon and would name a Republican.
In the interview, Obama tells Kroft about the change in his life the election victory has caused, the need to set his priorities and talks about a variety of issues, including the economic crisis, the failing auto industry, Iran, Iraq, Afghanistan and America's prison at Guantanamo Bay, Cuba.
Following are excerpts from the interview:
On Helping Homeowners Avoid Foreclosure:
STEVE KROFT: Once you become President are there things that you'll change?
BARACK OBAMA: We have not focused on foreclosures and what's happening to homeowners as much as I would like…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 His Interaction With Paulson:
STEVE KROFT: Are you in sync with Secretary Paulson in terms of how the $700 billion is being used?
BARACK OBAMA: Well, look Hank Paulson has worked tirelessly under some very difficult circumstances…I think Hank would be the first one to acknowledge that probably not everything that's been done has worked the way he had hoped it would work. You know what we've done is we've assigned somebody on my transition team who interacts with him on a daily basis. And, you know, we are getting the information that's required and we're making suggestions in some circumstances about how we think they might approach some of these problems.
STEVE KROFT: Are they listening?
BARACK OBAMA: We'll find out.
On Aiding The Auto Industry:
STEVE KROFT: The Congress has said there are not the votes in Congress to pass any kind of a relief package for General Motors.
BARACK OBAMA: For the auto industry to completely collapse would be a disaster in this kind of environment…So it's my belief that 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 of 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. And that's I think what you haven't yet seen.
On Reading President Abraham Lincoln:
BARACK OBAMA: I've been spending a lot of time reading Lincoln…there is a wisdom there and a humility about his approach to government, even before he was president, that I just find very helpful.
STEVE KROFT: Put a lot of his political enemies in his cabinet.
BARACK OBAMA: He did.
STEVE KROFT: Is that something you're considering?
BARACK OBAMA: Well, I tell you what. I find him a very wise man.
On The Challenges Ahead:
STEVE KROFT: Have there been moments when you've said, 'What did I get myself into?'
BARACK OBAMA: I will say that the challenges that we're confronting are enormous. And they're multiple. And so there are times during the course of a given a day where you think, "Where do I start in terms of moving-- moving things forward?" And I think that part of this next two months is to really get a clear set of priorities, understanding we're not going be able to do everything at once, making sure the team is in place, and moving forward in a very deliberate way and sending a clear signal to the American people that we're going to be thinking about them and what they're going through.
60 Minutes has covered the campaign and the election closely. Most recently, Kroft and 60 Minutes cameras were with Obama's top aides on election night for a segment broadcast on last Sunday's 60 Minutes that drew 18.5 million viewers, ranking it America's number-one program for the week.
Obama and Republican presidential candidate John McCain both appeared on 60 Minutes in separate exclusive interviews for a special one-hour broadcast of 60 Minutes on September 21. Kroft interviewed Obama and Scott Pelley spoke with McCain.
60 Minutes also did the first joint interview with Obama and his running mate, Vice President-elect Joseph Biden, with Kroft on the 60 Minutes broadcast of Aug. 31.
In addition, Obama and McCain also had separate exclusive interviews on 60 Minutes earlier this year in conjunction with the primary election, as did former Democratic presidential candidate Hillary Clinton, who was interviewed by Katie Couric.
Kroft also reported on the political battleground state of Ohio in a segment broadcast last March.
Produced by L. Franklin Devine, Michael Radutzky and Andy Court
© MMVIII, CBS Interactive Inc. All Rights Reserved.


Katie Couric interviews Rosie O''Donnell on 60 Minutes this Sunday. This is Rosie''s 1st Interview.
Melissa A. Layton.
No answer? I thought not...so let those who have been recently elected along with many citizens who are ready, willing and able, get on with long hard work to get this country back on course.
unbelievable drivel... let''s see how the former professor of Constitutional Law upholds the Constitution... Crimeny, what a bunch of bottomfeeders and mysanthropic idiots... your kind is doomed... hopefully soon
To these people I say: there is no reason to be so hateful and fearful! Rush has it all wrong! This is a great country, full of good people, patriots all, and great possibilites for a happy and prosperous life. That neighbor whose views differ from yours is not a terrorist or a socialist or a communist, he''s just the fellow American next door. Learn to feel love and hope and generousity. Stop fearing and hating. God bless America!
Posted by TexasLady41 at 08:00 PM : Nov 13, 2008
Fair enough! If Obama should lead as terribly as Bush has, then he''ll deserve "your kindness!" But, don''t hold your breath!
So sorry ABC, CBS, NBC, CNN, MSNBC - you can not have your balls back for 4 years. Hey Chris Matthews and Keith Oberman (Did I spell that right? Nobody will even notice!) Soros seems to have misplaced your balls. Are you sure you turned any in?
Where''s his birth certificate? Why won''t he release his Yale application? And where''s his dissertion?
And when will Katie Couric get fired for her non-journalism?
Posted by jgaites at 07:10 PM : Nov 13, 2008
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Me too! After all the darkness of the last eight years, this is especially sweet.
Spoken like a true leftist and student of the Bill of Rights. You see in B. Hussien Obama''s America you can have such a thing as "too much free speech".
"It is my hope that the Obama administration will rein in the poison conservative talk show faction, and the people who follow it and live by it can be healed of their unwarranted hate and bigotry."
Yes listeners of talk radio must be re-educated. Perhaps in camps. Then they too can be healed by the Grace of Obama. Get a clue mediaspy_nv. If your ideas are superior present them against the evil of talk radio. Don''t try to enforce the superiority of your views through the tyranny of government. Compete in the arena of ideas. Or perhaps you already have. And failed.
You "winners" may crow about this election and you have that right under that whole first Amendment thing that mediaspy_nv is such an expert in.
I encourage you to try to foist every radical leftist position you have on America. It will make it that much sweeter when you get your collective rear ends handed to you. And history shows that is the usual result in an off year election when your guy is in the White House.
Click to read more on a title="Personal Loans" href="http://personalmoneystore.com/moneyblog/what-are-personal-loans/" Personal Loans /a
The olde flaming liberals at 60 Minutes will give this new young flaming liberal a great propaganda piece.
The Democrat Party is lucky to have the most corrupt institution in America on their side, our mostly liberal MSM wolfpack press.
The One should make sure that he thanks CBS News and 60 Minutes for all their propaganda support for the past 21 months..................this corrupt left-wing news outlet deserves the "job well done" acknowledgment....................sad.
Where''''s his birth certificate? Why won''''t he release his Yale application? And where''''s his dissertion?
And when will Katie Couric get fired for her non-journalism?
Posted by clynnsimpson at 01:06 AM : Nov 14, 2008
You people are so sad!! I''m serious! Has any group of losers in US History been as bad as this bunch of Fascist we now have. If you listen to FOX New''s, which is almost impossible not to do in MOST motel chains, every other word out of their mouth is FEAR! Hasn''t anyone told these people that it''s VERY UN-AMERICAN to be as scared as they are... especially of ANOTHER American. LOL As always the rest of us are going to have to drag these poor sniveling losers into the future. Expect NO HELP from them folks... they are truly to scared of change to help themselves or anyone else!
Posted by perceptions5 at 08:07 AM : Nov 14, 2008
So what you and the rest of the Reich are saying is we should just continue the stupid Mud Slinging and gutter politics of this Campaign, even though the American People have spoken? You realize they did VOTE don''t you? They DID reject all the mud and slime? LOL I guess you didn''t get that memo yet??
And btw stop the racial coding...
You might actually want to listen to the interview - instead of Rush''s spin on it - you would learn something.
Of course our corrupt Nazi-like liberal press won''''t tell you that..............So I will.
Keep Obama in hiding until January 20th..........thanks.
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Posted by perceptions5
If youre simple-minded enough to think that presidential speeches are inherently connected to the overall proformance of the Stock Market, then why is our simple-minded President Bush not giving economic speeches 8 hours day....within a week he can single-handedly drive the economy back over 16,000!!! Republicans....the DUMB PARTY!!!
Devils!
With all respect, would love to listen to our President-elect has to say.
A little bitter are you? Wow, and yours is the party of tolerance?
Wouldn''t have guessed that with all your rage. Better see someone.
I do not doubt that Obama will bring change. But will he bring the %u201CChange We Need%u201D as he so vehemently promised? We%u2019ll see%u2026 www.isthisthechangeweneed.com
WITH THE WAY BLACKS HAVE BEEN TREATED IN THIS COUNTRY, MICHELLE HAD A RIGHT TO MAKE THAT STATEMENT. SHE WAS ACKNOWLEDGING THE FACT THAT AMERICANS WERE COMING TOGETHER (BLACK, WHITE, GREEN, PURPLE,IN-DIFFERENT)AND MAKING DECISIONS TOGETHER AS AMERICANS WITHOUT THE USELESS EMOTION OF SKIN COLOR DRIVING THEIR DECISIONS.
WHAT DID YOU CONTRIBUTE TO MAKE LIFE IN THIS COUNTRY BETTER FOR ALL RACES?
IF HER STATEMENT UPSET YOU OR EMBARRASSED YOU MAYBE YOU SHOULD ASK YOURSELF "WHY"?
DID HER STATEMENT FORCE YOU AND OHTERS TO FACE AN UGLY TRUTH OR CONTINUE TO BE IN DENIAL?
BEING THE LADY SHE IS I''M SURE YOU TOOK HER STATEMENT COMPLETELY OUT OF CONTEXT AS OTHERS DID.
I GREW UP DURING THE 60''S, IT WASN''T EXACTLY PLEASANT! I WAS FINALLY PROUD MYSELF, BECAUSE RACE WAS NOT A MAJOR ISSUE. AMERICA WAS FINALLY PUT ON THE FENCE TO CHOOSE THE BEST AMERICAN TO DO THE JOB AS PRESIDENT OF THE UNITED STATES.
WE HAD OTHER GREAT AMERICANS BEFORE OBAMA WHO HAVE DONE AN EXCELLENT JOB. OUR CHOICE THIS TIME HAPPENS TO BE AN AMERICAN NAME BARACK OBAMA.
THE ELECTION OF OBAMA AS PRESIDENT DOES NOT MEAN AMERICANS SHOULD NOT DO THEIR PART TO MAKE THIS COUNTRY WHAT IT CAN AND SHOULD BE FOR EVERYONE. IT DOES PRESENT AN OPPORTUNITY FOR THOSE WHO HAVE DONE NOTHING POSITIVE TO START.
BECOME A PART OF THE SOLUTION NOT THE PROBLEM!!
Has the left not sought over the past eight years to cut the feet out from under this nation%u2019s rightfully elected leadership in a drive to delegitimize our world view?...
More At:
http://www.hostileopposition.blogspot.com
For the first time in 32 years, the Democrats were able to get more than 50% of voters to support their candidate.
It''s a miracle!
You sound EXACTLY like some people I remember from the late sixties... they were so opposed to their government, they sought to wreak havoc on its operation by a series of bombings. They did not intend physical harm to any persons, but as in any violent protest -- there were casualties, unintended -- but casualties nevertheless.
You no doubt have heard of at least one of these persons referred to as a "terrorist" by the losing team of political candidates (which I guess you supported) in this election.
You now, are the one who is espousing terrorism -- an extreme form of civil unrest -- in your case, you have not even one scintilla of the moral grounding that those sixties "radicals" had -- basing their actions on a government engaged in an immoral war.
The incoming administration is NOT Marxist nor will it ever be -- the lies you base your "protest" on are as weak as your personal moral compass.
48% of all voting Americans think that Barack Obama is taking us in the wrong direction!
This will be a fun four years...
Posted by CBSisPravda at 06:51 PM : Nov 14, 20
Really! Well at least its lower than the 89 percent who feel the country is currently headed in the wrong direction.
A radical far right party (it actually thinks it is "center right" LMAO) that bends over for the Religious nutcases who want to enforce their orthodoxy on the entire country.
The "New GOP" will regularly win Arkansas, Mississippi, Alabama, West Virginia, Kentucky, Tennessee, South Carolina, Utah, Idaho, Alaska, and Oklahoma. Wow. Impressive.