Obama says economy is 'not out of the woods'
(AP) - He's talking about "glimmers of hope" for theeconomy, but President Barack Obama is also warning that "by nomeans are we out of the woods." In a speech today at Georgetown University, Obama sought
•
May 27, 2014, 9:43 PM
•
Updated 3,940 days ago
Share:
(AP) - He's talking about "glimmers of hope" for theeconomy, but President Barack Obama is also warning that "by nomeans are we out of the woods."
In a speech today at Georgetown University, Obama sought tobalance his recent hopeful words on the economy with a sign thathe's not ignoring the lingering problems.
He also argued that his broad domestic agenda is the path torecovery.
The speech came as Obama nears his 100-day mark in office. It'sbecome a traditional marker by which to judge new administrations.
Obama warned that while "times are still tough," it's possibleto see "way off in the distance" a future that is "far differentthan our troubled economic past."
He says the economy needs to be transformed, so that it's lessdependent on a financial sector that is obsessed with risk, andmore dependent on clean energy, good education, and reined-inhealth care costs.
He spoke on the same day that Fed chairman Ben Bernankesuggested that the recession may at last be bottoming out.
More from News 12
2:39
School bus headed to Rockland County overturns on Garden State Parkway, injuring 14 children
2:14
Beautiful spring-like Hudson Valley weather continues today ahead of a brief cooldown starting tomorrow
0:42
Westchester County leaders fight Con Edison rate hikes
2:22
Made in the Hudson Valley: Social worker aims to tell stories of the Hudson Valley through jewelry shop A D'Zine
0:53
Fishkill police car involved in crash on Route 52
0:27
