The President's News Conference
11/13/2016
https://www.presidency.ucsb.edu...
There has been a leadership vacuum in Washington, that somebody needed to step in. That Barack Obama needed to take action.
He has the capacity, as does Obama, to push things along with the Congress, with the Treasury Department, possibly with the White House, wit...
Obama had to signal some sense of leadership on the economy and that's what happened here and the market reacted very positively to it.
I don't have the authority to take over yet.