Hello and welcome to this late political Gab Fest for Wednesday, November 26, 2008.

I'm John Dickerson here with David Plotz.

Emily Bazelon is joining us.

I'm glad to see you put your Blackberry down long enough to voice that intro, John. Thank you.

Well, that's because it has the date on it.

So that gives me – because my watch has the date in, in another galaxy.

So today...

No, you're just hoping from some late breaking news so you can wow us all.

That's right.

At the moment is the late breaking news of my family travel.

Didn't this Sarah Palin news come while we were actually doing the GabFest?

Yeah.

And I was about to get on a plane.

That's right.

It was a great moment.

In our year in review of GabFest's great moments, we will have to include that one. Except I think I said I thought she was going to be a great pick, so maybe we don't want to go back to that. A number of people thought she was going to be a great pick. But on this GabFest here at this end of November, we're going to talk about three things.

One, the Obama administration.

The second topic will be the bailout and continued economic woes. And the third will be the Obamas have decided to send their children to a school in Washington, and we'll talk about that. And then we would like all of you to join us in a conversation about a special thing we may do with the Gab Fest, which we'll talk about at the end of the program having to do with the inauguration. But let's start with the... And we'll do cocktail chatter. And we'll do cocktail chatter. And we may juggle for all you know. David, we learned about the Obama administration this week. Last week we talked about Hillary Clinton.

It looks like she'll be Secretary of State.

What more do you feel about the economic team?

Well, this week's big news, of course, besides the imminent collapse of the United States and us all being sent to a poorhouse in Shenzhen, province probably,

is the big news was the naming of Obama's economic team,

...