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From Bloomberg.com:

President Barack Obama defended the steps taken by his administration to pull the nation out of the economic crisis, saying the U.S. “may be seeing the beginning of the end of the recession.”

Obama told an audience in North Carolina, where the jobless rate is 11 percent, that “there’s a lot of misinformation out there” about the $787 billion stimulus package he pushed through Congress in February and the bailouts of financial institutions and automakers.

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Tags: Barack Obama, North Carolina, Obama Administration
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  • http://www.blackplanet.com/_A_/ _A_

    Beginning of the end? things are less bad? President Obama is proving to be just like any other president when it comes to feeding the world BS about the economy…They are predicting unemployment to continue to rise through the end of the year…so even if “technically” the recession is going to end soon, this does not mean there will be substantial economic growth to get people back to work!!!!! so don’t get happy about this news people!!!

  • http://www.blackplanet.com/BIG_BLOCK_HEMI/ BIG_BLOCK_HEMI

    THATS BULLS**T HE SAID THAT WE WAS GONNA TAKE OUR TROPS OUT OF THE WAR BUT INSTED HE SENDS MORE TO THE WAR THATS WHY I DINT VOTE 4 HIM

  • http://www.blackplanet.com/UnderStandinMan/ UnderStandinMan

    Media can u please stop calling this a recession. Yall always misinforming the society. We are in a depression.

  • http://www.blackplanet.com/ladyamore69/ ladyamore69

    This is only to keep you disillusion about what is really taken place. The economy hss been this way ever since bush took offic and it took over 8 years for this to happen, so if people think that this stimulus package has save the say they better step out of the matrix and wake the hell up. We are being reclassified as a people. We are going to see poverty klike never before in this country if they don’t redesign the current economic system. They have no clus to what they are doing but not to cause an alarm just throwing some dam money around to the companies who really don’t need it. Mean while not creating more jobs like he promised, don’t be an ignorant FOOL!

  • http://www.blackplanet.com/DMY19151/ DMY19151

    YEAH…OK OBAMA…THAT’S JUST LIKE SAYING THAT YOU SEE THE BEGINING OF THE END OF RACISM….NIGGA PLEASE!

  • http://www.blackplanet.com/maatra/ maatra

    Does the mother earth look like she’s depressed

    When will we take matters into our own hand and start using all the natural resources for ourselves

    Africans unite step away from the beastsystem and let’s do for ourselves and if anybody try to stop us time to fight

    First rule of nature is self preservation

  • http://www.blackplanet.com/sanchez760/ sanchez760

    So, how did 23.7 Trillion dollars(your tax dollars by the way)suddenly go to offshore central banks? Nothing new. The selected Puppet is bought and paid for just like the Puppets before him. Salsemen For The Central Banks.

  • http://www.blackplanet.com/sanchez760/ sanchez760

    Its A Sh!t Sandwich and you’re going to Eat It. Like It. And ask for more!

  • http://www.blackplanet.com/halfworld/ halfworld

    the prez obama reminds me of an old public enemy song ” don’t believe the hype” were still losing hundreds of thousands of jobs weekly and banks are still not giving credit avg american’s or to small buisness but they can give out millions in bonuses to there ceo’s and cfo’s but the big pix presidents are just illusionist i admit he’s a great POLITICIAN tell you what you want to hear and make you belive it but we really didn’t have any other options this or mccain but people please wake up these are just yes men in washington no matter the skin complextion but obama needs to get some bush balls and assume his presidency he should stop wit the congress p and cambridge police pleasing f’ that cop dam this is why i don’t like lawyers!!!! help ya dam people out and not with the fine print bs

  • http://www.blackplanet.com/LtMixLiv/ LtMixLiv

    this aint no beginning to the end of the recession s**t we in a full blown depression

  • http://www.blackplanet.com/GOT-FLAVA1/ GOT-FLAVA1

    I think some of yall got some stuff wrong here. First of all we are not in a depression but a recession (two consecutive quarters where gdp has declined). We are no where near a Great Depression. Avg unemployment rate is about 10%. During the Great Depression far more Americans were out of work. Americans couldnt afford to heat their homes, food, let alone clothes on their back. U had long bread and soup lines. This recession is no where near close to that.

    Second, although i hate the way Bush handled Katrina, he did not cause this recession. Yes, he caused a trillion dollar defecit with the war but did the necessary thing by givin tax cuts to businesses. In the summer of 2001 the economy was in a mild downturn only to be worsen by 9/11. Bush gave the necessary tax cuts and our economy was humming along till 2007 when coincidentally the Dems took office.

    Third, this country was built on a capitalist economy. The free market is what has made this country a great country. Now Obama and his cronies want more control over that market. They want more control over your lives. They got a boatload of taxes ready to shove off to the hard workin Americans and small businesses. The economy will not recovery quickly by doing this. Give hard working Americans and businesses tax breaks and see how quickly the economy bounces back.

    Finally, Obama is a marxist, socialist, and ideolog. He has an agenda. That agenda doesnt include helpin u but empowering himself. He is no different than any other politian. He has suckered the black people into believing he will cure everybody’s problems. I couldnt vote for him cause i knew he was playin black people for fools.

    I guess we are getting the hope and change we asked for……..

  • http://www.blackplanet.com/maatra/ maatra

    As sum one said and they r tight we aint in no depression nor is it a recession it is the fall of amerikkka. And these bastards including yo obama wants yall to believe and help keep this ILLUSION alive

    These slick beast gotyall believin in its dollar. They just give yall money (aide) and yall go out and buy shyt.

    They makin most of us some goddamn dependants to the unite SNAKES of amerikkka

    The white boy is a liar a murderer and a thief and obama wants to help this white boy to continue phukn the world wit their little green wennies

  • http://www.blackplanet.com/_A_/ _A_

    The reason why we are no where near a great depression is due to the fact that the Govt and FED has been propping up the foundations of the economy with Billions of dollars of bailout money…GoldMan Sachs, Bank of America, have posted 2nd qtr profits…but lets keep in mind, both of these companies were insolvent a few months ago along with AIG but were bailed out…Same with the auto makers..The headline unemployment rate is at 9.6% but the real unemployment rate is 16.5%..These liars don’t even count all people who are out of work into their national average…check the Bureau of Labor Statistics, and look for the U6 unemployment rate and you will see The real unemployment numbers…Maatra is dead on when he says we are living in a constant illusionary state!!!!

  • http://www.blackplanet.com/halfworld/ halfworld

    “he’s phony she’s fake those the type of politicians i hate”…. watch the movie the obama deception since we as a people only believe what we see on the square aka the t.v… im just upset at the fact when u ever seen a president worry about having a beer wit a person… u the dam president not a shift supervisor … man people losing everything out here and we worried about havin a beer to appease someone cops they voted you in to help the most at risk like the poor and middle class not give fake bank’s more money how bout givin the poor that 700 billion dollar bank bailout and see how fast the economy would have recoverd.. yeah i know inflation would rise but in two years it’s going to be sky high to a worthless dollar….. s**t kfc,cadillac,hennesy and walmart stocks would be all time highs rite now lol but serious reagonmics didn’t work ask the first bush.. the monoply money and the real fake change has to happen from the bottom up not trickel from the top down… i think i heard that before lol socialism you ready and not in a good way

  • http://www.blackplanet.com/UnderStandinMan/ UnderStandinMan

    why people try to measure this depression to the great depression. There are to many differentials to them.

    1. The stock mark crash in the Great Depression (GD) but the market deflated in Today Depression (TD)

    2. Companies in the GD felled on their face, TD had help to stay a float.

    3. GD was not for seen, TD was seen and could have been prevented.

    4. GD could not be fix in a year or 2, TD it could been fix over night by my theory and plan.

    See when u get a nation where they dont read or believe in what the boob tube tells u then u will be mess up for life and get bam by the rich.

  • http://www.blackplanet.com/wincie/ wincie

    i like obama very much. I think he really wants whats best for the country but I’m an action type of person. I can’t even sit in my seat for a long time during a meeting when they talk about the “positive changes” just do it. don’t talk about it just do it. the recession will last 2 more years this is not the end.

  • http://www.blackplanet.com/_A_/ _A_

    To UnderStandinMan….the only problem with your statement is the market has not felt the full brunt of this crash yet…would appears to be a bottoming out is really only a band aid…there are still billions of dollars of toxic assets in the system that has only been suppressed to this point…Also keep in mind, there are millions of Option arm mortgages ready to reset this year which means the housing market/mortgage backed security market HAS not bottomed out…500k people are still losing jobs weekly with no real end in sight..I think its too soon to compare this era with the GD, we will have to wait until everything has panned out, before we can definitively say which era was worse…I suspect, if this era is not as bad, it won’t be that far behind!!!

  • http://www.blackplanet.com/Frenzy_Hunter/ Frenzy_Hunter

    It’s difficult for me to make sense of some of the “intellectual” comments when they’re so stupidly written. If you’ve learned (via reading, I presume)anything about politics, the economy, etc., then you should’ve picked up on grammar and spelling along with comprehension of the subject matter–but I’m assuming that’s the natural path people take when educating themselves. I could be wrong. My humble advice–read more. Write more. Then you’ll be given the intellectual credit for people to trust your words more.

  • http://www.blackplanet.com/JJ_lawva01/ JJ_lawva01

    For some reason I keep seeing the headline….Obama Sees Beginning Of The End Of Racism. So far all He’s done is talk and I really wish He would be quiet and just act. But I dont regret my vote because Voting between McCain and Obama was like voting between the lesser of two evils lmao. But seriously Im tired of hearing promises without action…I guess thats something though you can expect from every politican. Its like Cornflakes without the Milk.

  • http://www.blackplanet.com/ShaRoc1/ ShaRoc1

    Well y don’t 1 of y’all run 4 president & get us out of this situation since all I’m reading is complaints. If he’s fake 1 of u get n there & b real.

  • http://www.blackplanet.com/JayG_21/ JayG_21

    Thank you ShacRoc!The man has done more in 4-6 months than Bush did in eight years so all the haters need to really be quiet on this one.Its funny how out of all of the races of this world we as black ppl are the only ones that dont support each other unless one of us is on stage with our pants half off our a#$ talkin about “i wish i could f*%k every girl in the world.”

  • http://www.blackplanet.com/JayG_21/ JayG_21

    1. Create a foreclosure prevention fund for homeowners. Check
    2. Establish a credit card “bill of rights”. Check
    3. Expand loan programs for small businesses. Check
    4. Extend and index the 2007 Alternative Minimum Tax patch. Check
    5. Expand eligibility for State Children’s Health Insurance Fund (SCHIP). Check
    6. Expand funding to train primary care providers and public health practitioners. Check
    7. Direct military leaders to end war in Iraq. Check
    8. Send two additional brigades to Afghanistan. Check
    9. Give a speech at a major Islamic forum in the first 100 days of his administration. Check
    10. Grant Americans unrestricted rights to visit family and send money to Cuba. Check
    11. Restore funding for the Byrne Justice Assistance Grant (Byrne/JAG) program. Check
    12. Release presidential records. Check
    13. Require new hires to sign a form affirming their hiring was not due to political affiliation or contributions. Check
    14. Remove more brush, small trees and vegetation that fuel wildfires. Check
    15. Push for enactment of Matthew Shepard Act, which expands hate crime law to include sexual orientation and other factors. Check
    16. Create a White House Office on Urban Policy. Check
    17. Support increased funding for the NEA. Check
    18. Appoint an assistant to the president for science and technology policy. Check
    19. Fund a major expansion of AmeriCorps. Check
    20. Work to overturn Ledbetter vs. Goodyear. Check
    21. Ban lobbyist gifts to executive employees. Check
    22. Weatherize 1 million homes per year. Check
    23. Invest in all types of alternative energy. Check
    24. Enact tax credit for consumers for plug-in hybrid cars. Check
    25. Support high-speed rail. Check
    26. Provide grants to encourage energy-efficient building codes. Check
    27. Get his daughters a puppy. Check
    28. Appoint at least one Republican to the cabinet. Check
    29. Extend unemployment insurance benefits and temporarily suspend taxes on these benefits. Check
    30. Reverse restrictions on stem cell research. Check

  • http://www.blackplanet.com/JayG_21/ JayG_21

    So before you become so quick to judge someone on a job that most of you have no idea to do………KNOW YOUR S**T!

  • http://www.blackplanet.com/maatra/ maatra

    Y don’t u two NEGROPEANS do sum research on obama and find out who this black man is that popped up outa nowhere and became president of the united snakkkes of amerikkka

    Every brotha aint a brotha cuz of color he may just be undercover. Imagine if collin powel was president or even clearnce carter how about messy jessy jackson or even mr steele

    Barak aint done no more than any other president they all just lie lie lie I guess that white half of barak is what’s runnin the country

  • http://www.blackplanet.com/JayG_21/ JayG_21

    First of all this a blog so dont call me out of my name and I wont call you an ignorant,uneducated piece of s**t,ok.

  • http://www.blackplanet.com/JayG_21/ JayG_21

    sign up for hooked on phonics (which it is quite obvious you didnt do) then you can have an intellectual debate with me.

  • http://www.blackplanet.com/maatra/ maatra

    U negropeans r silly I aint up fo no debate u silly negroes came after me make yo respond to da article.

    I don’t give a damn about no western education. Phuk they grammer dialoge dialect rhetoric I don’t give a damn about shyt they offer its all hellaninic its a borroewed and devilish language

    Read the miseducation of da negro by carter g woodson

    If I don’t like obama and the way he handlin thangs so what. Don’t come after me

    U sound like u so smart how come others like yoself wit all these major degrees can’t get the economy out of this crisis cuz yall don’t know shyt

    Silly negropeans just a whyte mans coon

  • http://www.blackplanet.com/maatra/ maatra

    …And if I’m so illiterate why even comment on what I said. U sound like the fool for even speakin on sumthing I or any other illiterate had to say

    Damn u negropeans

  • http://www.blackplanet.com/JayG_21/ JayG_21

    LOL!!!!!!!!!

  • http://www.blackplanet.com/DA_GEORGETOWN_MAYOR/ DA_GEORGETOWN_MAYOR

    DONT BELIEVE THE HYPE!

  • http://www.blackplanet.com/maatra/ maatra

    What up halfworld I got ya note. I’m on my blackberry and fa sum reason it won’t let me send notes on blacplanet

    Blackpower brotha
    I know who da real black men are on here

    Thanx for reachin out comrade

  • http://www.blackplanet.com/JayG_21/ JayG_21

    Oh great now im not a “real black man” because im college educated.LOL!!!!!
    The ignorance on blackplanet is obviously never-ending ROTFLMAO!!!!!!!

  • http://www.blackplanet.com/JayG_21/ JayG_21

    Oh,and maantra so you know comrade is a “European” (Russian) word meaning friend.Thought you were not indoctrinated by “devilish language”?

  • http://www.blackplanet.com/JayG_21/ JayG_21

    And I cant fix the economy because my major is not in economics,its in political science,DUMBASS!

  • http://www.blackplanet.com/maatra/ maatra

    Is barak a economic major? Cus if he aint accordin to your own words, how in the hell can he fix the economy

    And those economic majors on his team with the western education aint doin they job well cus this boat is sinkin and its sinkin fast

    Marcus garvey talked about the fall of amerikkka and here it is

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