Ya Think? Obama Says He Will Be Judged in 2012 Over the Economy

  • by:
  • 08/21/2022

Has Obama already thrown in the towel?... Or, maybe he'll quit first?

In a CBS interview today Barack Obama said he will be judged in 2012 over the economy.

Obama admitted today that the 2012 election will be a referendum on Obama's failed economic record.

Reuters reported:

President Barack Obama said on Sunday he expects to be judged in the 2012 election over his governance of the American economy, which he said was still not growing fast enough.

"For me to argue, look, we've actually made the right decisions, things would have been much worse has we not made those decisions - that's not that satisfying if you don't have a job right now," Obama told CBS in an interview taped last week and aired during his annual vacation in Martha's Vineyard, an island near Boston.

"I understand that and I expect to be judged a year from now on whether or not things have continued to get better," he said.

The unemployment rate has been stuck above 9 percent and growth was very weak in the first half of 2011, causing many Americans to question whether Obama's stimulus and bailout measures following the financial crisis worked.

Asked about the past month's stock market drop, Obama said concerns about the U.S. recovery were contributing to investor jitters, along with "headwinds" from Europe's debt crisis, high gas prices and knock-on effects from Japan's earthquake.

Related... Obama faces worst-case scenario for 2012

Image:
ADVERTISEMENT

Opinion

View All

JACK POSOBIEC: The government goes after MAGA and Trump while pedophilia in Hollywood is 'perfectly fine'

"Why would Nickelodeon employ people who had been already convicted of child sex abuse?"...

UK medical body claims preventing teachers from 'affirming' child sex change will 'cause distress' to students

The medical body told the UK Department of Education it does not think parents should always know if ...

Evan Gershkovich's detention in Russia extended over espionage allegations

The US ambassador to Russia, Lynne Tracy, maintained that "the accusations against Evan are categoric...

Women workers at greater risk of being replaced by AI: study

7.9 million jobs would be lost in the "worst-case scenario."...