U.S. in Recession

Obama voices cautious optimism on the economy

After weeks of dire talk, President Obama said on Tuesday that there are "glimmers of hope" in the economy. But some economic indicators tell a different story.

Guests

• Eamon Javers: Senior correspondent for Politico.
• Dean Baker: Co-director of the Center for Economic Policy and Research. He is the author of "Plunder and Blunder: The Rise and Fall of the Bubble Economy."

Resources

• Politico: "5 Reasons Obama Sounds Optimistic"
• About Dean Baker