Trump Delivered a Brutal Line to Heckling Libertarians
Chris Sununu: Governors Get Along Except Everyone Hates These Two
This Part of Biden's 2024 Online Strategy Is Going to Fail Miserably
U.S. Reps Show Support for Taiwan in Surprise Visit Defying CCP Warnings
Democrats Are Getting Desperate
Is the Washington Post Helping Trump?
Here's the Video of Biden CBS’s Margaret Brennan Thought Was a Deepfake
Hillary Clinton Can't Just Accept the Fact She Lost In 2016 Because Trump...
Joe Biden Plans to Address Trump's 'Hush Money' Verdict In a WH Presser
Over 40 Mayors Beg Joe Biden to Create Jobs Program for Illegal Immigrants
Durbin, Whitehouse Seek Meeting With Chief Justice Roberts As They Continue to Attack...
Trumps Makes Surprising Remarks About Nikki Haley
Six Reasons to Vote in Elections
UNRWA Is the Poster Child for Why America Should Leave the U.N.
Our Institutions Are Burning Themselves Down
Tipsheet

Obama Says Recovery Could Take Years

When a sitting president can't determine whether unemployment will drop below 8 percent by the time the following year's election rolls around, that can't bode well. But such is the case here.

Advertisement

 

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."

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement