Obama: We'll likely see more job losses

In his weekly radio address, on Saturday morning, President Barack Obama says economic numbers reported during the past week show the economy has improved. While not a cause for celebration, it appears -- according to the President -- that the country is "moving in the right direction."



Obama used his address to say "there is much more to be done, but cites the recent turnaround in GDP as a sign of better things to come", and noted the Recovery Act has now created or saved more than a million jobs."

'Democrats' bill a government takeover'

House Republican John Boehner used his time, on Saturday to lay out the Republican plan for health care reform. He said the Democrats' proposal to overhaul health care is far too complicated, intrusive and expensive.




Meanwhile, the President and his family will be having a little fun on Halloween night.

For the first time in years, school-aged children are living in the White House. After dark, the Obama's are hosting a party for military familes from the Washington area. Outside - at 1600 Pennsylvania Ave, there's not door bell for "trick or treating," but two thousand local school children have been inited to come, for treats.

Saturday Radio: Obama Addresses Mortgage Crisis and Appoints HUD Secretary.

Barack Obama is asking his economic team to develop affordable housing plans to keep families in their homes during "these uncertain economic times."

Obama said he understands the family home is the cornerstone of American's financial security.

During his Weekly Address, the President-elect nominated Shaun Donovan to be his Secretary of Housing and Urban Development.

Mr. Donovan, a former commissioner of Housing Preservation and Development in New York City, will come to Washington with the innovative ideas and new perspective needed to help the thousands of hard-working American families whose livelihoods have been threatened during this tough economic time.

Obama plans to stem the rising tide of foreclosures and he's asked his economic team to develop "a bold plan that will dramatically increase the number of families who can stay in their homes."

He's proposing a comprehensive, coordinated federal effort to make staying in the family a reality.

President-Elect Obama Addresses Huge Month of Job Losses

In today's weekly address, President-elect Barack Obama explains the key parts of his Economic Recovery Plan -- which will save or create 2.5 million jobs in the next two years.

To read the transcript and to see how the high unemployment numbers are affecting families click here.

Obama's Economic Recovery Plan to Create 2.5 Million Jobs

President-elect Barack Obama announces he has directed his economic team to assemble an Economic Recovery Plan that will save or create 2.5 million more jobs by January of 2011.

Watch President-Elect Obama's First YouTube Address

Billed on YouTube and Change.gov as "Your Weekly Address from the President-Elect," the video went online at 6 a.m.; the radio version airs later in the morning.