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SPEECHES

Obama Hails Signs of Economic Progress

Warns, however, we're not yet "out of the woods."

In between playing with the new puppy and executing pirates, President Obama found time today to remind us that the economy is still kind of bad. In a speech at Georgetown University, Obama also lauded recent signs of economic progress but said we are “by no means out of the woods.” "We cannot rebuild this economy on the same pile of sand," he said. "We must build our house upon a rock. We must lay a new foundation for growth and prosperity a foundation that will move us from an era of borrow and spend to one where we save and invest, where we consume less at home and send more exports abroad."

Read it at Associated Press

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