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Worst of economic storm passed: Obama

US President Barack Obama declared in his State of the Union address on Wednesday that the worst of the economic storm had passed, but that a trail of devastation was left behind. Text of Obama's speech

world Updated: Jan 28, 2010 10:20 IST

US President Barack Obama declared in his State of the Union address on Wednesday that the worst of the economic storm had passed, but that a trail of devastation was left behind.

Obama said his administration's early actions last year had staved off a repeat of the 1930s Great Depression.

"And one year later, the worst of the storm has passed, but the devastation remains," Obama said.