(CNN) – President Barack Obama on Tuesday will outline how the steps his administration is taking to confront the economic crisis will move the economy from "recession to recovery," the White House said.
In an address at Georgetown University in Washington, Obama also will detail the work that still needs to be done to get the economy back on track.
The speech, which will air live on CNN and CNN.com at 11:30 ET, comes a day after the president declared that his stimulus plan is "starting to work" and that transportation projects are coming in ahead of schedule and under budget.
CNN contributor and Republican strategist Ed Rollins said Tuesday that Obama needs to remind the country that the economy is steadily moving forward. He also needs to provide encouragement, considering that Wednesday is tax deadline day, Rollins said.
"A lot of people think about money and their own personal finances when you basically sign your name on that dotted line and send your tax dollars in, so to a certain extent it's a good time," he said.
The president has struck a more optimistic tone in recent days, saying Friday that he was starting to see "glimmers of hope in the economy," partly as a result of his administration's actions.
"I think there are a few glimmers of hope," Chrystia Freeland, the U.S. managing editor of the Financial Times, agreed Tuesday.
"There are some good signs, and also the stimulus is starting to work. That's a huge amount of money that the government is pumping into the economy. It has to have some impact, and it is. But I think it would be far too early to declare a victory," Freeland said.
Obama signed into law his $787 billion economic stimulus plan in mid-February, calling it the "beginning of the end" of the country's economic woes.
A CNN/Opinion Research Corp. poll released Tuesday showed that nearly six in 10 respondents, or 58 percent, think Obama has a clear plan to get the economy back on track.
That figure is more than double the 24 percent who think that Republicans in Congress have a clear plan on the economy. Nearly three in four polled said the GOP doesn't have a clear economic plan.
Federal Reserve Chairman Ben Bernanke was expected to say Tuesday that he sees "tentative signs" that the economic decline is easing.
"A leveling out of economic activity is the first step toward recovery. To be sure, we will not have a sustainable recovery without a stabilization of our financial system and credit markets," Bernanke planned to say in a speech at Morehouse College in Atlanta, Georgia, according to excerpts of his address.
"I am fundamentally optimistic about our economy," the excerpts say. "Today's economic conditions are difficult, but the foundations of our economy are strong, and we face no problems that cannot be overcome with insight, patience and persistence."
Lakshman Achuthan, managing director of the Economic Cycle Research Institute, said leading indicators such as the stock market and growth rate suggest that things may have bottomed out and the economy could be turning around.
"When you see that sequence, it foretells that essentially the worst may be upon us right here. So you're still going to see bad unemployment numbers and things of that nature, but forward looking, there are objective signs of hope," Achuthan said.
But he noted there's no clear science when it comes to the economy because there are "human beings involved and we have all these crazy emotions."
"Preceding this crisis, we all had a huge error collectively of optimism, and following the crisis, just as the recovery is happening, we're all collectively going to have a big error of pessimism. It's the way it's worked since the beginning of time, and it will work this time, too," he said