Obama's Economic Regrets

Townhall.com Staff
Posted: Jul 06, 2011 3:35 PM
Obama's Economic Regrets
President Obama on Wednesday admitted to two mistakes he made on the economy, using the first-ever “Twitter Town Hall” to confess that he has found the housing crisis more “stubborn” than he expected and that he could have better prepared the country for how long the economic pain would persist.

Contending that on most issues he did “the right thing,” those were the only two negative areas he cited in response to a question posed in Twitter’s trademark brevity (using only 46 of the allowed 140 characters): “What mistakes have you made in handling the recession?”

There are, he said, “probably two things that I would do differently. One would have been to explain to the American people that it was going to take a while for us to get out of this.”