BARACK OBAMA HOLDS FIRST PRESS CONFERENCE AS PRESIDENT ELECT VIDEO

President-Elect Barack Obama gave his first press conference as the 44th President of the United States of America. Three days ago Barack Obama made history when he became President. Obama spoke about the financial crisis and stressed that the nation must understand the problem will not be resolved easily. Barack Obama also said that he is working on appointing members of his administration and will not be President until his inauguration next January. President-Elect Barack Obama spoke during a lighter moment that a big decision facing his family was what type of dog he should get for his beautiful daughters Sasha and Malia. Obama told the nation that his family will have to get a hypoallergenic dog because his daughter has allergies, however, he is infavor of getting a shelter dog. Thank you Mr. President.

Read an excerpt from the L.A. Times Live Blogging updates from the press conference.

12:26 p.m. It's over. Obama’s first press conference lasted only about 20 minutes. Although Obama did acknowledge the direness of the current financial crisis, he didn't get very specific in his proposals to mend it. There had been some speculation that Obama might lay out plans for an FDR-like public works project today. He did nothing of the sort. When possible, Obama's answers about his plans for the future were vague. For example, when he was asked if he still intends to seek income tax increases for upper-income Americans, Obama was non-committal. "I think that the plan that we've put forward is the right one," he said. "But, obviously, over the next several weeks and months, we're going to be continuing to take a look at the data and see what's taking place in the economy as a whole." Answers such as those give him a lot of wriggle room. That's what an incoming president wants. Overall, the press conference went well. Obama seemed more at ease than he did on the campaign trail, and he had a nice repartee with reporters. And, perhaps most importantly, there was a new air about him -- something you may have noticed during his acceptance speech on election night in Chicago’s Grant Park: He seemed presidential. source

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