April 11th, 2009
11:45 AM ET
9 years ago

Obama: 'Glimmers of hope' in economy

WASHINGTON (CNN) – The struggling U.S. economy may be starting to turn the corner, President Obama said Friday, citing several key indicators during a meeting with top economic advisers.

The administration is detecting "glimmers of hope across the economy," Obama said at the White House.

CNN's Candy Crowley reports on Obama's new tone.

Filed under: President Obama
soundoff (20 Responses)
  1. ib

    The only thing I see coming is higher taxes; inflation and higher energy prices due to Obama's stance on global warming. He keeps his office temp. high in the winter; flies around in AF1 like it's a toy and rides in his big SUV's He must be kin to Al Gore.

    April 11, 2009 12:13 pm at 12:13 pm |
  2. Roland

    It's turning around for WHO! I'm sure the economy is turning around for the haves but not for the have-nots. We still have a huge banking issue in this country that non of our elected officals are willing to tackle. PBS Front Line site has a compelling story to tell on their site "The Secret History Of The Credit Card" you can watch it for free on their website just type in the name of the show in their search engine.

    April 11, 2009 12:20 pm at 12:20 pm |
  3. Chris

    Certainly the economy is picking up for those people who are receiving the stimulus money taken from those who earned it isn't it? Everyone will need good paying jobs when it's time to start paying our debt to China and other foreign countries for all of these handouts. That should boost THEIR economies for sure as we all become slaves to our own government's lack of control of the purse strings!

    April 11, 2009 12:20 pm at 12:20 pm |
  4. Ray Fisher

    The reregulation of the banks will tell the story of our recovery we cannot recover doing business the old way!!!

    April 11, 2009 12:26 pm at 12:26 pm |
  5. phoenix82

    Obama will pull us from this mess

    no thanks to Rush and his henchmen (Rove, Bush, Palin, etc.)

    April 11, 2009 12:28 pm at 12:28 pm |
  6. Mike Dallas

    We are back on the global stage with a financial 9/11 that affects not just America as 9/11, but the entire world’s financial stability and do the repubs/neo-cons stand in support of President Obama for the good of the country?

    Oh no, they say "he is a socialist", stand on the sidelines lobbing insults, saying "tax breaks" are the answers for ALL the problems we now face, he is "wrecking the country", "spending our children's future", "he is a baby-killer", does not have a valid birth certificate, STILL complaining about Ayers and ACORN. he is "campaigning", when did he know about bonuses, he is on television too much and my personal favorite, "he is doing TOO much at one time"! I suppose it would be better if he sat in the Oval Office from 9-5 with a coat and tie on shuffling papers on a single issue at a time and then off to bed at 9 after such an exhausting day.

    Some of the glimmers of light we are now seeing in the economy are directly attributable to you actions , for example the 8K first time homeowners credit has started to move ever so slightly the housing market. Over 50% of home buyers in February were first time buyers.

    So, thank you President Obama, and keep up the good work and continue to be strong and ignore all the naysayers that "want you to fail" and are proud to proclaim that wish for failure.

    April 11, 2009 12:38 pm at 12:38 pm |
  7. alvino

    If the economy is beginning to show signs that it is starting to turn around, I am sure the party of "NO!" will take credit for the stimulus and Obama's tax cut.

    April 11, 2009 01:02 pm at 1:02 pm |
  8. Larry

    We need to bow to the great new leaders of the world,we need everyone to like us as we wind down our military and start trickling our economy from the bottom up.Borrowing even more from China to get the U.S. out of debt is another brilliant move,old school would have wanted to balance the budget.

    April 11, 2009 01:10 pm at 1:10 pm |
  9. Mississippi Mike

    After spending a trillion dollars we should be having a huge economic boom not "glimmers of hope." If this is what Hopechange is then it's pretty rotten.

    April 11, 2009 01:16 pm at 1:16 pm |
  10. Ray Fisher

    As California has announced 46 new public hydrogen fueling stations to open in the next 5 years,and Toshiba releasing fuel cell UPSs for laptops this month it seems quietly without much fanfair the hydrogen revolution has begun with fuel cell autos becoming mainstream in 2010 as DOE has scheduled for years which will propel the economy into a new green orbit!!!

    April 11, 2009 01:26 pm at 1:26 pm |
  11. John from California

    We are in the process of refinancing our home through Wells Fargo bringing the interest rate down 1% which will save us over $300/month.

    We will be able to use this money to fix our home and help pay for a new truck. Yes, President Obama and the democratic party are helping middle class Americans.

    While the past administration met with the energy industry in secret at the beginning of their term resulting in higher profits for them, President Obama is working for the American people.

    That's change we can believe in!

    April 11, 2009 01:32 pm at 1:32 pm |
  12. Reatte Beaumont, Texas

    I guess when the great one can fly in a chef for some pizza from 860 miles away it seems that the economy is getting better for some and the rest of us have to suck hine tit. Maybe he will go back under his rock and that way the economy will do what it can to survive. If he would quit spending our taxpayer money on fly around the world with his 500 staffers and telepromters we could save some money. If it was his money he had to spend then the pizza wouldn't be getting made for the great one and his family.

    here is your change hope some of the americans have something to eat tonight while the great one has his pizza on our dime!!!!!!!!!!!!

    GOD BLESS AMERICA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    April 11, 2009 01:53 pm at 1:53 pm |
  13. republicans hate america

    Love it in just over two months he has tunr the ship around. Cant wait to vote for him again. Are you listening rush limbaugh party? we dont want you anymore.

    April 11, 2009 02:09 pm at 2:09 pm |
  14. sadaboutamerica

    We are seeing glimmers of hope for two reasons. First, the money that was infused into the banking system last year is beginning to make a difference with more money going to loans. This was to be expected since it usually takes six months for changes to occur in markets the size of ours. Second, the Obama administration is beginning to talk up the economy. Almost every economist and financial expert (and some others like Bill Clinton) were telling President Obama to be more optimistic in order to infuse confidence in the American economy. If you look at the time frame, the economy showed better after President Obama starting talking more positively about it. Which raises a question. During 2008 and the first 3 months of 2009 – President Obama did and said everything he could to convince the American People that the economy was in terrible condition. He did so in 2008 to get elected. He did so in 2009 to get his social programs passed. If optimism has helped create these glimmers, then can it be suggested that President Obama's (and the Dems) deliberately made the economy much more dire by their pessimism in 2008-2009?

    April 11, 2009 02:56 pm at 2:56 pm |
  15. TheMan

    OK Here is the real problem
    As soon as it looks like it might be positive – it is not newsworthy or comment worthy
    It is only worth talking about when it is negative negative hateful teardown attack
    The dow jones has been climbing uphill for 5 weeks with no help from the great talkers of the forums or the media
    Just wait until it turns down – then everyone will be out with an opinion – a jibe – an insult
    Then you wonder why politicians turn inward and feed you lies and act like they don't care – we don't really make it easy ourselves

    April 11, 2009 02:57 pm at 2:57 pm |
  16. Hammer

    If the banks were really on the brink of failure why is the government need to force the banks to take the bailout money?

    April 11, 2009 03:44 pm at 3:44 pm |
  17. ron

    anyway, if the economy picks up, we know it's all his doing. but if it continues to stumble, it's still bush's.

    April 11, 2009 04:12 pm at 4:12 pm |
  18. The Teester

    God Bless ya Barack and thanks

    God help you Rush and go away

    April 11, 2009 04:15 pm at 4:15 pm |
  19. alvino

    If there was no God, we would never have survived the last 8 years of Bush.

    April 11, 2009 04:35 pm at 4:35 pm |
  20. Amy

    As much as the RNC hates it, the economy IS starting to turn around!

    Things looked bleak in my hometown os 20,000 in January, with homes sitting on the market and businesses closing.

    But just today I ate a new restaurant that was packed, saw two new businesses that will opening soon, and only one house on my block remains on the market.

    Thank you Democrats! The Republicans may be praying for you to fail, but the rest of the country is behind you.

    April 11, 2009 04:39 pm at 4:39 pm |