'Significant Job Losses'

" No more Americans lost their jobs last month than at any time in the past 34 years. That's great world war led to a call for one top Democrat. For the incoming president to be more assertive. And the current president for the first time acknowledged the economy is in recession. Major Garrett reports. President Bush who rarely comments on monthly job losses changed his official schedule today to publicly confront the worst unemployment report of his presidency. Today's job -- Reflects the fact -- economy is in recession. This is in large part because of severe problems in housing credit and financial markets. Which have resulted in significant job losses."

" Companies nationwide laid off 533000. Workers in November the unemployment rate rose to six point 7%. One point nine million Americans have lost their jobs this year. These numbers do not reflect nearly 34000. Additional job cuts the first five days of this month from blue chip companies like eighteen T. General Motors comments and Credit Suisse."

" There's very little in this report. That's positive this is this is. This is maybe one of the worst job reports that the Bureau of Labor Statistics has ever produced."

" It was major retailers like target Macy's Nordstrom in the gap reporting sales declines of more than 10% in November deep post Christmas job cuts and store closures appear likely. President elect Obama declined to speak publicly on the jobs did a contributing to an impression of deference bordering on cautioned that has begun to rankles some Capitol Hill Democrats. In a statement mr. Obama says the economy's quote likely to get worse before it gets better. But he called the growing sense of calamity an opportunity to enact long term reforms that will grow and strengthen our economy. Tom Daschle the president elect's unannounced choice to head the Department of Health and Human Services today said universal health care is one of those reforms. Announced mr. Obama will waste no time pursuing it president elect Obama has made. Health reform one of his top priorities on the economy three prominent Democrats senators Carl Levin and Chris Dodd and congressman Barney Frank. Through the president elect is wasting time by refusing to weigh in on fast moving issues such as what to do about the Big Three auto makers -- how to spend the second half of the 700 billion dollar Wall Street bailout."

" Again I'm a great fan of president yet but I. I think -- publication he's you have to be more -- any -- but the president elect has been nothing if not clear on the current chain of command that this -- those times where to reiterate there's one president of time. There is only one president of time their presence is George W. Bush and you'll be present on sworn in on January 20. In the United States has only one government. And one president at a time."

" So what is it that some congressional Democrats want to the president elect wanted to get off the sidelines and help them solve what an acute political problem on capitol helping them find the votes in other words to see if they can pass an auto industry bailout and maybe do something about the second half of the Wall Street bailout. But senior Obama officials tell fox the pres elect is simply not going to do that why because he doesn't want to get in the political. Seat of a lame duck congress and the constitution doesn't make -- the president on January 20 he's not going to forget that Chris is going to focus entirely. On the transition plans and his agenda starting on the point so he's not gonna give them political cover not going to give them political cover not going to solve them what he considers to be there legislative political problem. Major thank you."