Obama discussed the troubled economy in his latest weekly address, saying that the country has survived past hardships and will survive this one, too.

Obama: Economic Situation Improving, But More Work Needed In this weekend's YouTube address, President Obama said that the latest GDP numbers show that the stimulus bill is working, and that the economy is on the way to recovery -- but...

Short version: We were on the edge, but the Obama administration has helped put the brake on the recession. As far as he's concerned, "we will not have as long as we keep losing jobs." But, we're finally heading in the right direction. It's going to take some time. Oh, and we need to fix health care and energy.

Obama devotes weekly address to the economy, says new GDP numbers are an indication stimulus is working.TRANSCRIPT: Read it here. VIDEO: Watch it above.

The President discusses the state of the economy amidst positive signs from the GDP.  Making clear that this is little comfort to those struggling, he notes that we appear to have averted an even worse disaster and offers hope for the time ahead. Watch It: Full Remarks of the President Below: