President Barack Obama

The Commerce Department reported that the U.S. economy grew at 3.5% in the third quarter. President Obama welcomed this news as a positive sign for the economy. Barack Obama knows that his presidency will be judged on his administration’s economic performance. It remains to be seen if the Great Recession has ended. Obama must still confront rising unemployment in America.

During the presidential campaign, candidate Barack Obama criticized GOP challenger Senator John McCain for claiming that the fundamentals of the American economy were sound. Now, however, economic advisors serving the Obama administration are saying that the U.S. economic fundamentals are in fact strong. Has President Obama changed his mind?

It appears that Wall Street has heard enough warnings about the state of the U.S. economy from President Barack Obama. They now want a more positive message coming from the Obama White House. Will a more hopeful President Obama turn around the American economy? It would appear that deeds would be far more important than words. The world still awaits an Obama economic plan to counter the effects of the Global Economic Crisis.