Obama's economic update a hedge to good news
Obama was delivering an economic speech Tuesday morning at Georgetown University. The White House released excerpts from his remarks in advance.
In the speech, the president juggles a glass-half-full take on the economy with a determination to not be seen as naive about how well things are going. He said that a full recovery is some time off, and that it depends on two things: building a new foundation for the U.S. economy and making changes in the political landscape.