Iran's development of a nuclear weapon, I believe, is unacceptable. And we have to mount an international effort to prevent that from happening.

It was one of several light-hearted moments for the President-elect during his first news conference today.

We're going to have to act swiftly to resolve it. Now, the United States has only one government and one president at a time. And until January 20th of next year, that government is the current administration.

I'm not going to anticipate problems. I'm going to go in there with a spirit of bipartisanship and a sense that both the president and various leaders in Congress all recognize the severity of the situation right now and want to get stuff…

I didn't want to get into a Nancy Reagan thing about, you know, doing any seances.

It's only been three days since the election. Obviously, how we approach and deal with a country like Iran is not something that we should simply do in a knee-jerk fashion. And I think that we've got to think it through.

Iran's development of a nuclear weapon I believe is unacceptable. And we have to mount a international effort to prevent that from happening.

But critics also say he might have made missteps, including a reference to Nancy Reagan that later required an apology.

In his first news conference, the president-elect vowed to meet the economic crisis head-on.

You need a break. And that's what I'm going to provide when I'm president of the United States of America.

Immediately after I become president, I'm going to confront this economic crisis head on by taking all necessary steps to ease the credit crisis.