"The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but ... I have never been more hopeful than I am tonight that we will get there. I promise you -- we as a people will get there."
Recovery 'is not going to be quick' Obama says
He said also that he had consulted with all living former presidents, who were gracious, and joked that "I didn't want to get into a Nancy Reagan thing about, you know, doing any séances." Nancy Reagan consulted an astrologer while her husband was in the White House. A spokeswoman said Mr. Obama later called Mrs. Reagan to apologize for the joke and that they had a warm conversation.
Mr. Obama left the door open to the possibility that economic conditions might prompt him to change his tax plan that would give a break to most families but raise taxes on those making more than $250,000 annually.
"I think that the plan that we've put forward is the right one, but obviously over the next several weeks and months, we're going to be continuing to take a look at the data and see what's taking place in the economy as a whole," he said.
Obama team crafting early game plan:
... His team is tamping down expectations of instant action by discouraging talk of a 100-day program.
Good luck with that. As Stephen Hess, the Brookings Institution expert on the presidency says in his new book on presidential transitions "What Do We Do Now?" that's been tried by other presidents, like Richard Nixon.
"But on every Day One Hundred of every new presidency, every presidential scholar in the country will be called by a reporter for his or her assessment of the president's failures."
So new presidents are expected to hit the ground running and that's even more true for Obama since he's dealing with not just the economic and financial crisis but all the promises he made during his campaign, from rapidly unwinding the U.S. position in Iraq to expanding health-care to cutting taxes for those making less than $250,000.
From the sound of it, it appears that Obama's advisers are wisely going try and limit what they try to accomplish legislatively in their first one hundred days since a president and Congress can only handle so much at one time.