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Not long after the U.S. Commerce Department said the economy grew for three quarters straight, Warren Buffett is bullish.

Financial reporters are seizing on the oracle's somewhat sunny prediction that the economy is on its way to recovery.

We're looking at the response from KETV, CNBC, MoneyWatch and NPR.

First, you can't talk about the oracle without Omaha. KETV focuses on the good news for Omaha.

MAN: "I think he's always on target in terms of forecasting what's going to happen in the future..."

REPORTER: "So when it comes to Omaha, take from Buffett what you will."
BUFFETT: "We got some very tough pension contracts, obviously. But overall, Omaha is a propserous city. We've got a very good economic outlook for the future."
REPORTER: "Even though both the city and the state face multi-billion dollar shortfalls, he says we pale in comparison to the rest of the country."

On CNBC, financial adviser Greg Womack is cautiously optimistic.

"Warren is an eternal optimist and he's positive on the American economy so you have to side with him in the long term. It's the short term that we're coming off from a severe bottom from last year."

CBS MoneyWatch fired a few skeptical questions at Buffett, asking whether his rosy outlook is dampened by the scandal rocking mortgage giant Goldman Sachs.

REPORTER: "Do you still trust them?"
BUFFETT: "Absolutely."
REPORTER: "What will you do if America loses some trust in that company?"
BUFFETT: "They've lost some trust. I mean that's happened because of the news."
REPORTER: "Do you have a recommendation of how Goldman Sachs could help restore that trust right now?"
BUFFETT: "My basic recommendation about any kind of problems is get it right, get it fast, get it out, get it over."
REPORTER: "But that's easier said than done. Does that mean maybe new management in there?"
BUFFETT: "No. That means getting the correct factual story out."

And speaking of Goldman, Buffett is also snagging headlines for his public support of the embattled firm. This from the man who once said, "It takes 20 years to build a reputation, and only five minutes to ruin it."

NPR weighs in.

"Warren Buffett has this image as a no-nonsense, middle-America value investor. But these days he's defending Goldman Sachs and Moody's, and pushing to block rules that would require a more cautious approach to the derivatives business. Given his business interests, this is only natural."

Finally, CNBC's Trish Regan says right or wrong, an upbeat Buffett is a big deal.

"I mean, to every investor out there, Warren Buffet is the guy. Now again in the business community not really a surprise here that Warren Buffett endorsed them. I think it's imprtant though as far as Main Street goes too, because Main Street knows who Warren Buffet is and having him say that they didn't do anything wrong is certainly important for Goldman. Had he said the opposite it would've been quite critical and had he, for example, sold off his investment in any way, I think people would've gotten very nervous."

So what do you think? Is Buffett's optimism catching?