By Pamela Gentry, Senior Political Producer
Nov. 24, 2008 — President-Elect Barack Obama moved one step closer to putting his economic plan into motion by announcing the key leadership post who will now be responsible for making his economic plans a reality. 

Flanked by his veep, Obama told reporters, “Today, Vice President-Elect Biden and I are pleased to announce the nomination of four individuals who meet these criteria to lead our economic team: Timothy Geithner as Secretary of the Treasury; Lawrence Summers as the Director of our National Economic Council; Christina Romer as Chair of the Council of Economic Advisors; and Melody Barnes as Director of the Domestic Policy Council. “

Obama said he understands the enormity of the task and has asked his team to move forward swiftly.  “Again, this won’t be easy.  There are no shortcuts or quick fixes to this crisis, which has been many years in the making – and the economy is likely to get worse before it gets better.

As if tempering his and the expectation of the American people, he added, “A full recovery won’t happen immediately.”

Managing expectations won’t be easy, but at least its a start.