CLEAN: Obama's wake-call intended for business: analyst

The transcript discusses the economic challenges faced during a recession and the efforts to recover, emphasizing the need for forward-looking strategies. It highlights the government's approach to boosting consumer and business confidence through regulatory measures and trade directions. The political landscape is described as contentious, with firm battle lines in Congress, particularly influenced by Tea Party members. The Republicans face the challenge of articulating an alternative budget, which may not be popular with the public.

What does the speaker mean by 'we've broken the back of the recession'?

How does the speaker describe the current state of consumer and business confidence?

What is the significance of the 'contentious year in Congress' mentioned by the speaker?

What does the speaker imply about the future of the health reform bill?

What challenges do Republicans face according to the speaker?