President-elect’s first press conference: The economy, the dog, and Nancy Reagan

President-elect Barak Obama just concluded his first post-election press conference, which was all about the economy given the record-breaking dip the markets took over the past few days.

Obama, calling this “the greatest economic challenge of our lifetime,” said job one is getting a stimulus package passed – either in the current Congress and administration, or if that is not possible, in his own administration after January.

He also cautioned everyone that there are no quick fixes for the economic crisis and other issues the country is facing.

“I do not underestimate the enormity of the task that lies ahead,” Obama told reporters. “Some of the choices that we make are going to be difficult. … It is not going to be quick and it is not going to be easy to dig ourselves out the hole that we are in. [But] America is a resilient country and we will succeed.”

There were a few funny moments, like when Obama addressed the “major issues” associated with the selection process of the First Puppy – the dog he promised his daughters Sasha and Malia in his inauguration speech. They want to rescue a canine, but they need a hypoallergenic dog because of Malia’s allergies (Note to the president-elect: DC Dicta also has dog allergies, but found a hypoallergenic pooch at a dog shelter in Arlington, Va. So it’s possible!)

Also, when asked if he’s talked to any former presidents seeking advice, Obama said he’s spoken to “all of them.” Then he corrected himself: he meant all of the living ones.

“I didn’t want to get into any Nancy Reagan thing about doing séances,” Obama quipped, drawing laughs from the press.

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