WSJ: “President-elect Barack Obama, flanked by a team of advisers, promised Friday to pass a major economic-stimulus plan in his first act as president. President-elect Barack Obama holds his first post-election press conference at the Hilton Hotel flanked by his transition team. Three days after his electoral triumph, Mr. Obama broke his silence amid news of soaring unemployment, plunging payrolls and weak earnings reports from General Motors Corp. and Ford Motor Co. He called the flagging auto industry “the backbone of American manufacturing,” and suggested he would be more aggressive in rescuing Detroit than the Bush administration.”