Obama Talks Up Stimulus in Radio Address

The president-elect dubs his economic stimulus the American Recovery and Reinvestment Plan, says it will aim to create three million new jobs and make long-term investments.

"And this plan must be designed in a new way - we can't just fall into the old Washington habit of throwing money at the problem."

Adds he'll be meeting with congressional leaders to discuss the progress of the plan next week.

Watch video above. Read transcript here.