U.S. News

Wednesday, April 15, 2009

Obama's economic update a hedge to good news

President Barack Obama is proclaiming signs of economic progress but warning Americans that "by no means are we out of the woods."

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.