Obama Cites Good Signs on Economy

Oct 31st, 2009 - Wall Street Journal

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WASHINGTON -- U.S. President Barack Obama said the nation's economy seems to be moving in the right direction, helped by a $787 billion stimulus package he signed into law early this year.

The Commerce Department announced this week that the U.S. economy grew 3.5% in the third quarter, after a year of contraction. In his weekly radio address, the president called the results "a good sign," and evidence that steps taken by his administration are "blunting the worst of this recession and helping to bring about its conclusion."

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