Obama Sees Signs of Economic Progress

President Barack Obama said on Friday the recession-hit U.S. economy was showing "glimmers of hope" despite remaining under strain and promised further steps in coming weeks to tackle the financial crisis.

"We've still got a lot of work to do," Obama told reporters after a meeting with economic and regulatory teams plus Federal Reserve Board Chairman Ben Bernanke. But he added, "We're starting to see progress."

Obama spoke a day after encouraging trade and jobless figures pushed stocks higher, and White House economic adviser Lawrence Summers predicted the economy would emerge from a sense of "freefall" by the middle of the year.

Less than three months into his presidency, Obama stopped short of declaring that the recession he inherited from predecessor George W. Bush was bottoming out.

But he offered a somewhat more upbeat tone than he has recently on the state of the economy, which is locked in its worst crisis in decades. "What we're starting to see is glimmers of hope across the economy," he said.

"Over the next several weeks, you'll be seeing additional actions by the administration," he added but gave no details.

I sure hope he is right and that these are signs of the economy beginning to recover from the Bush recession/depression.

Norm Coleman Needs to Concede

OK, Norm, you've had your fun. Your delusional multi-month belief that you will somehow defeat Al Franken in over! You've had your day in court. And the votes you wanted to be counted have been counted. And y'know what? Al Franken won more of those votes than you did! Are you happy now that you've wasted all that time and money giving your opponent more votes?

It is time for this to come to an end. Yes, Norm, you can still go to the Minnesota Surpreme Court... and I guess, even to the US Supreme Court. But you lost. And every time you win a court battle you lose more votes. Give it up... and learn to say this: Senator Al Franken!