You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Economy
Obama says U.S. economic fix could take years
2011-12-10
[Iran Press TV] Despite some recent signs the sluggish U.S. economy might be improving, President Barack Ready to Rule from Day One Obama warns it could be years before the country is on a sound footing.

In excerpts from an interview with CBS' "60 Minutes" program that will air on Sunday, Obama was asked whether he underestimated how difficult it would be to fix the U.S. economy when he became president in 2009.

"I always believed that this was a long-term project," the Democratic president told "60 Minutes." He added it would "take time" to reverse "structural problems in our economy that have been building up for two decades."

Obama added in the excerpts, released on Friday, that he thought "it was going to take more than two years. It was going to take more than one term. Probably takes more than one president."

When asked whether he thought the U.S. jobless rate might drop to 8 percent by next November's presidential and congressional elections, Obama said: "I think it's possible.
But ... I'm not in the job of prognosticating on the economy."

Reducing unemployment is considered key to Obama's re-election chances next year.
Posted by:Fred

#5  Hey newc, I TEACH 8th graders and they are way smarter than this criminal.
Posted by: AlanC   2011-12-10 14:36  

#4  I wonder what "sound footing" means with this guy?
He sounds like an 8th grader to me.
Posted by: newc   2011-12-10 13:08  

#3  Careful people. The economy has been sabotaged by the unbridled printing of money to keep the ruling class of the Beltway from being strung up. As soon as the 'coast is clear' and people start investing, hiring, and spending, all that money we've been squirreling away will come out with an inflationary impact. The one tool to address that is unfortunately taxes - if - BIG if - the taxes are used to destroy the fuel rather than just redistribute it back through various patronage gifts or other rounds of dead-end speculations.
Posted by: Procopius2k   2011-12-10 09:15  

#2  Slatle Bumble5851 - DITTO THAT!.
Posted by: Dale   2011-12-10 06:37  

#1  I bet it takes one year. OK, 1 year, 1 month and 10 days.
Posted by: Slatle Bumble5851   2011-12-10 00:05  

00:00