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Obama: We're Not 'Out of the Woods Just Yet'

By Harry Kimball,  Newser Staff

Posted Apr 14, 2009 12:37 PM CDT

(Newser) – President Obama said today that the US faces a long slog in finding its way out of financial tumult, but emphasized that he is seeing signs of hope, the New York Times reports. "Times are still tough," he said. "By no means are we out of the woods just yet. But from where we stand, for the very first time, we are beginning to see glimmers of hope." While he issued no major policy initiatives, Obama reaffirmed his determination to reform Social Security,  Medicare, and Medicaid, notes the Washington Post.

"The key to dealing with our deficit and debt is to get a handle on out-of-control health care costs—not to stand idly by as the economy goes into free fall." Obama also cited the Sermon on the Mount, comparing the economic system he inherited to a house built upon sand. The new economy must be like a house built on stone. "I have no doubt that this house will stand and the dream of our founders will live on in our time."

President Barack Obama reads to children as first lady Michelle Obama and his daughters Malia and Sasha watch during the White House Easter Egg Roll.
President Barack Obama reads to children as first lady Michelle Obama and his daughters Malia and Sasha watch during the White House Easter Egg Roll.   (AP Photo)
President Barack Obama blows a whistle as he starts the White House Easter Egg Roll yesterday.
President Barack Obama blows a whistle as he starts the White House Easter Egg Roll yesterday.   (AP Photo)
President Barack Obama, accompanied by Vice President Joe Biden.
President Barack Obama, accompanied by Vice President Joe Biden.   (AP Photo)
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COMMENTS
Showing 1 of 1 comment
freethemall
Apr 14, 2009 6:19 AM CDT
Don't get me wrong, I'm an Obama supporter, and I liked his speech, BUT, one thing that irks me about Obama, and before him Bill Clinton, is what seems to be their only solution to falling incomes of American workers, that being retraining and education for "the jobs of the future". It's as if in the future there will be no need to mop floors, empty be bed pans, dump garbage, etc . But, what the hell, I suppose these jobs can be filled by guest workers, or illegal immigrants from Mexico.

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