Obama sees 'beginning of the end' of recession
The United States may be seeing "the beginning of the end of the recession " President Barack Obama said Wednesday  as the world's biggest economy combats its worst slump in decades.
President Barack Obama said Wednesday  as the world's biggest economy combats its worst slump in decades.
 "It's true that we've stopped the freefall. The market is up and the financial system is no longer on the verge of collapse " Obama said. "So  we may be seeing the beginning of the end of the recession."
 Speaking at a town hall in North Carolina  where unemployment is around 10 percent  Obama cautioned: "that's little comfort if you're one of the folks who have lost their job and haven't found another."
 He also questioned the cover of the current edition of Newsweek magazine  which pronounced that "The Recession is Over."
 "I bet you found that news a little startling. I know I did " Obama said.
 The United States is now losing jobs "at nearly half" the rate of when he took office in January  he added in defending his plans to stimulate the economy.
 In an attempt to prod the economy back to recovery  Obama signed a 787-billion- dollar stimulus package in February aimed at ending the worst US economic crisis since the Great Depression of the 1930s.
The United States may be seeing "the beginning of the end of the recession " [TGT] said Wednesday  as the world's biggest economy combats its worst slump in decades.
[TGT] said Wednesday  as the world's biggest economy combats its worst slump in decades.
 "It's true that we've stopped the freefall. The market is up and the financial system is no longer on the verge of collapse [TGT] said. "So  we may be seeing the beginning of the end of the recession."
 Speaking at a town hall in North Carolina  where unemployment is around 10 percent  [TGT] cautioned: "that's little comfort if you're one of the folks who have lost their job and haven't found another."
 He also questioned the cover of the current edition of Newsweek magazine  which pronounced that "The Recession is Over."
 "I bet you found that news a little startling. I know I did " [TGT] said.
 The United States is now losing jobs "at nearly half" the rate of when he took office in January  he added in defending his plans to stimulate the economy.
 In an attempt to prod the economy back to recovery  [TGT] signed a 787-billion- dollar stimulus package in February aimed at ending the worst US economic crisis since the Great Depression of the 1930s.