Clinton raised an excellent point this morning

It's refreshing to hear Obama talk seriously with the public about the economy as opposed to the nonsense we heard from Bush. The problems are very serious and as Roubini said today, we are only in the 3rd or 4th inning of this game with plenty of problems ahead. All of that said, Obama needs to do what he does best and talk about the future of America in a positive way. Maybe Clinton is too optimistic about "seeing signs of recovery soon" (define "soon") but Americans are the most optimistic people in the world and they want to at least hear some words about the recovery down the road.

Europe is going to have it's problems coming out of this and the UK, well, they're in even worse trouble. Change does not happen quickly in Europe and when the black clouds roll in as they have, pushing them out consistently takes longer than the US. Personally I remain very bearish on the economy into 2010 if not 2011 but I also still believe that the US has the capabilities to recover ahead of many other countries. As much as Bill Clinton can drive me mad from his actions in the last year, he's right on this one.