Adding An Anchor's Text On The Fly?

I define an anchor as a global variable, like this:

Code:

var globvar = {
anchor: document.createElement("A")
}

Later, on the fly, I give it the attributes, like this:

Code:

globvar.anchor.setAttribute("href","javascript:keyb_change()");
globvar.anchor.setAttribute("onclick","javascript:blur()");
globvar.anchor.setAttribute("id","switch");
...
globvar.paragraph.appendChild(globvar.anchor);

TWO questions:

1) In setting the attributes on the fly, how do I attach the anchor's text (the user clicks on) to the anchor?

2) Is there a way to include the attributes within the global variable's original definition, thereby sparing me from coding the attributes on the fly?