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The Associated Press headlined that his economic recovery plan is “sowing some unease,” and The New York Times has reported he could not assure Americans the economy would grow again by the end of the year.

But as the economy, coupled with economic policies of increased government intervention and spending, threatens to unhinge a presidency that is no more than three months old, Barack Obama has returned to a message of hope at a time to ease fears of his leadership.

“I knew that solving this crisis would not be easy, nor would it happen overnight,” Mr. Obama said during his weekly radio address.

“And we will continue to face difficult days in the months ahead. But I also believe that we will get through this — that if we act swiftly and boldly and responsibly, the United States of America will emerge stronger and more prosperous than it was before.”

With General Motors releasing a report revealing “substantial doubt” in the automaker’s future and the government announcing 651,000 jobs were lost in February, national anxiety has heightened, and talks of an economic depression are becoming more prominent.

According to the Rasmussen Investor’s Index, confidence in the economy has fallen to an all time low as investors are stymied by future predictions of economic gloom. Seventy-five percent of investors responded the economy is getting worse; a twelve point jump since Mr. Obama’s inauguration.

“My administration is committed to doing all that’s necessary to address this crisis and lead us to a better day,” Mr. Obama said in his address.

“That’s why we’re moving forward with an economic agenda that will jump-start job creation, restart lending, relieve responsible homeowners, and address the long-term economic challenges of our time: the cost of health care, our dependence on oil, and the state of our schools.”

But it is the prospect of a government spending spree, in which Washington shows little, if no, fiscal restraint, that have Republicans claiming is the cause of the very economic anxiety Mr. Obama is hoping to alleviate. And the $400-billion-plus spending bill being negotiated in Congress is Exhibit A.

“Let’s call it how it is. First of all, if you make a promise, people expect that you live up to it. And that’s why this administration’s refusal to go in and change this bill is, I think, is a false position,” House Minority Whip Eric Cantor, R-Va., told CNN yesterday.

Republicans have been critical of the spending bill and have chastised the administration for pushing a bill that is loaded with earmarks. They have called for the bill to be scrapped.

And though Republican lawmakers have earmarks in the bill, Mr. Cantor argued the GOP was not being hypocritical because he had asked for a moratorium on the practice.

The White House, however, admitted the bill is “uglier than we’d like,” but are nonetheless going forward with the spending legislation.

“This is like your relief pitcher coming into the ninth inning, and wanting to redo the whole game,” Office of Management and Budget Director Peter Orszag told CNN’s “State of the Union” yesterday. “Next year we’re going to be the starting pitcher, and the game’s going to be completely different.”

Mr. Cantor, though, questioned the credibility of a party that has already broken key promises such as the promise of bipartisanship.

“There is no way anyone could take what Mr. Orszag has said with any credibility. Of course they’re negotiating on this bill in the Senate right now. To say that we would have drawn it differently, but leave $430 billion plus on the table like this? No way. People are expecting this administration to live up to the promises made,” Mr. Cantor said.

But as investor confidence plummets and consumer spending stalls, Mr. Obama is aware of the challenges he faces and urged people not to “stuff money in their mattresses.”

“I don’t think that people should be fearful about our future,” Mr. Obama told The New York Times. “I don’t think that people should suddenly mistrust all of our financial institutions.”

And while the president could not assure Americans the economy would grow again, he pledged to “get all the pillars in place for recovery this year.”

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