October 29th, 2009
07:14 PM ET
10 years ago

Podcast: 80 years since Black Tuesday, is this recession over?

CNN=Politics Daily is The Best Political Podcast from The Best Political Team.

CNN=Politics Daily is The Best Political Podcast from The Best Political Team.

WASHINGTON (CNN) - In the latest installment of CNN=Politics Daily: After the longest economic slump since the Great Depression, the White House claims that the economy has rebounded - ironically on the 80th anniversary of Black Tuesday. CNN's White House Correspondent Ed Henry has the details.

Plus: House Speaker Nancy Pelosi unveiled a 2,000 page bill combining three different versions of health care legislation passed by the House committees. CNN's Senior Congressional Correspondent Dana Bash reports on why Democratic leaders are applauding this milestone.

Finally: Three candidates are battling for a congressional seat in a remote area of New York. CNN's Mary Snow investigates what the outcome will mean for the GOP.

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Filed under: CNN=Politics Daily • Podcasts • President Obama
soundoff (19 Responses)
  1. Gibsy

    Robert will say its over and the stimulus saved the world, yea.

    October 29, 2009 07:22 pm at 7:22 pm |
  2. LacrosseMom

    The Great Recession is easing...... it did not happen overnight!

    George W. Bush INHERITED a robust economy from Bill Clinton!

    In EIGHT YEARS Bush left our Nation ....... BANKRUPT....... with TWO WARS! Etc., etc.!

    The Great Recession did not start overnight, nor will it end overnight!

    GOD willing with President Obama $3.4 BILLION, to update our electric grid...... millions will find work!

    Obama's been in Office........ TEN ..........MONTHS.

    BUSH was in Office (2000-2008) for ........ EIGHT YEARS!

    (excuse the yelling!)

    October 29, 2009 07:29 pm at 7:29 pm |
  3. dan smith

    Sorry, afraid this recession is just getting started. Obama's policies have done nothing to support the foundation of the American economy. In fact all the spending and all the new taxes he is imposing will only deepen the recession over the long run. There might be some slight gains here and there but with his policies those gains or unsustainable.

    October 29, 2009 08:02 pm at 8:02 pm |
  4. Peter s

    Recession is not over untill we drop the culture of greediness!!! which caused this recession.

    October 29, 2009 08:04 pm at 8:04 pm |
  5. Obama fan...not!

    A lot of positive spin on the economy one week before the election....surprise, surprise...surprise.
    Let's see what next weeks(after Tuesday) news looks like.

    October 29, 2009 08:08 pm at 8:08 pm |
  6. T Mckinley

    We're not there yet, but we're going to be soon.

    Then the Republicans can try to deny that the economy has recovered under Obama's Presidency...just like they try to deny the reality of climate change/global warming.

    October 29, 2009 08:21 pm at 8:21 pm |
  7. sushilovers123

    houses are being lost unemployment is up and there are so many homeless people. the rich keep getting richer and the poor keep getting poorer.
    this is no rebound this is hype to make you think there is a rebound.

    we give the banks free money and they foreclose on us left and right.

    the dem. and the repub. all are out for their own political gains and money.

    October 29, 2009 09:15 pm at 9:15 pm |
  8. The Party of No More

    Recessions are for capitalist economies. So we should be seeing the end of them for awhile.

    October 29, 2009 09:28 pm at 9:28 pm |
  9. Henry Miller, Libertarian, Cary, NC

    Unemployment is still running 10%–only a Democrat desperate to find something rosy in the economic disasters they, first, couldn't control and, second, are doing nothing but make worse, could even come close to calling this recession "over."

    If "Democratic leaders are applauding this milestone"–presumably this health care insanity–they are severely out of touch with reality.

    October 29, 2009 09:36 pm at 9:36 pm |
  10. A wised up Democrat who is now an Independant

    It will never be over as long as the un-American Obama is in office.

    October 29, 2009 09:43 pm at 9:43 pm |
  11. S M R

    If the Republicans would get out of the way, the recession would be over sooner.

    October 29, 2009 09:58 pm at 9:58 pm |
  12. S M R

    We are slowly moving in the right direction, much thanks to the hard working Obama Administration. YES WE CAN

    October 29, 2009 10:08 pm at 10:08 pm |
  13. Mark,B'ham,Al.

    No, Consumer Confidence is still too leary for supporting a recovery. We may go into a jobless recovery andwhen inflation from all the government spending and devaluing the dollar hits in a year or two we will have another recession. This time you leftist will not have Bush to blame, even though you will.

    October 29, 2009 10:50 pm at 10:50 pm |
  14. larry

    The recession will end when average employees go back to work, home values rebound, and foreclosures decline. This is a wall street and white collar rebound only.

    October 29, 2009 11:07 pm at 11:07 pm |
  15. USN

    Its not over , 10% unemployed and the Growth is all Gov spending ( borrowing) NO consummer spending and NO investment. More Obama smoke and mirrors. WAKE UP .

    October 29, 2009 11:21 pm at 11:21 pm |
  16. valwayne

    Does the White House not know that UNEMPLOYMENT is at 9.8%! That since the passed their corrupt stimulous bill that filled the pockets of teh special interests that millions upon millions of Americans have lost their jobs? Does the White House not know that the debt, printed money, and upcoming immense tax increases have left companies, especially small businesses without the ability or desire to hire anybody. Experts are saying we could have double digit UNEMPLOYMENT for years or decades because of what Obama and the Democrats have done. What country to do Obama and the Democrats live in? Are they really that out of touch????

    October 29, 2009 11:24 pm at 11:24 pm |
  17. Gary

    Until we get our federal budget under control our economy will remain on shaky ground. We need to stop promising people free stuff (free food, housing, healthcare etc) and start expecting all citizens to work. We need every adult 18 to 75 working and paying some taxes. It is reasonable to tax the rich more than the poor but everyone should pay something. Everyone should work and contribute to society. Most guys on disability could work some kind of job. Most people on welfare could work. Most college kids could work part time. The idea that life expectancy is increasing but people still want to retire at age 65 is unrealistic. We need to have a frank discussion with our citizens about working, saving and contributing to society.

    October 29, 2009 11:42 pm at 11:42 pm |
  18. Nea

    I just dont seem to get the complaints now, yes we got some good news about the economy today but it seems critics just dont want to give this administration any credit for it no matter what just a year ago the dow was really down even after this President got elected and he got blamed for it but now thats it way up Oh it dont get the credit, they now blame him for the jobs situation and rightfully so after all he is the President but wait and see when it rebounds he will get blamed for something else then.I THANK GOD that things are getting better because he is really the one that gets all the credit for all the Good things. And THANK GOD for President Obama.

    October 30, 2009 12:16 am at 12:16 am |
  19. Anonymous

    pk we will have to wait for the numbers tn be sure when i see what the 3 health planes say then may be the americas might vote for it

    October 30, 2009 01:33 am at 1:33 am |