What occurred to me as I listened to him is how relieved hemust be to be able to be talking about these things - indeed any things - other than the economy at a time when the latest statistics are alarming, the international climate uncertain and the markets are volatile.
If, on the other hand, the president adheres to the notion that a recovery will indeed come, but after a longer while than usual, then hemust expect that at this point in time the stronger stage of recovery will be coming soon.