08/05/2009 01:36 pm ET Updated May 25, 2011

Obama Sees Hopeful Economic Signs in His Speeches

In an indication that the economy may be turning around, President Obama said today that he is increasingly seeing hopeful signs in his speeches.

Speaking in Gary, Indiana today, the President said that such positive words as "hope," "hopeful," and "encouraging" were turning up more frequently in his prepared remarks.

"Every time I look at the TelePrompTer, I see the words 'turning the corner,'" Mr. Obama said. "That, to me, is a sign that we are turning the corner."

According to economic adviser Lawrence Summers, the frequent appearance of words like "hope" and "recovery" in Mr. Obama's speeches bodes well for the broader economy.

"It may take several months, but economic growth will eventually trickle down from the President's TelePrompTer to the actual world," Mr. Summers predicted. More here.