Video : Barack Obama & Michelle Obama 60 Minutes Interview On CBS With Steve Kroft- First After Winning Presidential Election

President elect Barack Obama today appeared in his first television interview since winning the presidential election on November 4. Michelle Obama was also present during the 60 minutes interview with Steve Kroft.

Here is the complete video of the 60 minutes interview:

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Here are some excerpts from the interview obtained from an AP article.

In his first television interview since his historic election, Obama said he has spent the days since the election on short- and long-term issues, from doing “whatever it takes” to stabilize the economy, restore consumer confidence and create jobs, to getting sound health care and energy policies through Congress. The president-elect also said that as soon as he takes office he will work with his security team and the military to draw down U.S. troops in Iraq, shore up Afghanistan and “stamp out al-Qaida once and for all.”

While investors are still riding a rollercoaster on Wall Street, Obama said the economy would have deteriorated even more without the $700 billion bank bailout. Re-regulation is a legislative priority, he said, not to crush “the entrepreneurial spirit and risk-taking of American capitalism” but to “restore a sense of balance.”

“There’s no doubt that we have not been able yet to reset the confidence in the financial markets and in the consumer markets and among businesses that allow the economy to move forward in a strong way,” Obama said. “And my job as president is going to be to make sure that we restore that confidence.”

He also said: “We shouldn’t worry about the deficit next year or even the year after. … The most important thing is that we avoid a deepening recession.”

While “we have the tools,” the president-elect said not enough has been done to address bank foreclosures and distressed homeowners.

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