NEWS STAND: Obama's Speech, Caucus Friction, Atlanta Stays Black, China in Africa

The Root's take on the news.

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AP

OBAMA'S NOBEL MOMENT

The brother can preach. U.S. President Barack Obama delivered another dazzling speech this morning as he accepted the Nobel Peace Prize, an award that many Americans say he doesn't deserve. In his far-reaching Nobel "lecture," as the speech is called, the President acknowledged the controversy and said he could not argue with those who said there were people more deserving. Compared to Martin Luther King Jr., Nelson Mandela, and other past winners, he said, "My accomplishments are slight."

The President's speech seemed to aim at a number of constituencies: Europeans reluctant to commit to the fight in Afghanistan, conservatives in his own country who have criticized his plan to shut down Guantanamo and adhere to the Geneva Conventions, and even his African-American base, which has stuck by him even as other Americans have become disillusioned.

Obama took on the contradiction between the Peace Prize and his decision to send more troops to Afghanistan. "Make no mistake; evil does exist in the world," he declared before a capacity audience in the city hall of Oslo, Norway, " A non-violent movement would not have halted Hitler's armies."  At the same time, the President repeatedly referred to Martin Luther King to John F. Kennedy and to Mahatma Gandhi in addressing the gap between the ideal of peace and harsh reality. "There will be times when nations - acting individually or in concert - will find the use of force not only necessary, but morally justified."

BLACK POLS SPLIT ON OBAMA

Blacks in Congress are not seeing eye-to-eye on everything with the Obama administration. Rep. Maxine Waters (D-CA) who earlier led nine black members in blocking a financial reform bill backed by President Obama, said Wednesday that her group was satisfied with changes they had won from Rep. Barney Frank (D-MA), chairman of the House Financial Services Committee.

On Monday, Frank agreed to put $3 billion of TARP funds into mortgage relief for the unemployed. The bill also commits $1 billion for state and local governments to buy foreclosed properties and turn them to more productive purposes. "I'm always happy when we win," Waters said.

But other members of the Congressional Black Caucus are still steaming about the President's jobs strategy. After his speech Tuesday proposing tax breaks for small businesses, road building and other incentives to encourage hiring, Caucus chairwoman Barbara Lee (D-CA) issued a statement expressing disappointment that Obama had not specifically addressed the high levels of black unemployment, which are often double those of whites. "We believe that tackling systemic inequality requires specific, concrete and targeted action," Lee said. "The Congressional Black Caucus is committed to working with President Obama to address the needs of those who are hurting most and to ensure that existing disparities don't grow wider."  However, a President who won election b y standing above race is not likely to target specific groups, no matter how much they're hurting.

The full story in the Washington Post