Arab Today, arab today obamadid not \overpromise\ on us economy
Last Updated : GMT 16:53:07
Arab Today, arab today
Arab Today, arab today

Obama:Did not \'overpromise\' on US economy

Arab Today, arab today

Arab Today, arab today Obama:Did not \'overpromise\' on US economy

Washington - AFP

President Barack Obama has said he did not oversell his plan to fix the struggling US economy, insisting the nation's woes had been mounting for 20 years, in comments to CBS News. "I didn't overpromise. And I didn't underestimate how tough this was going to be," Obama said, according to excerpts from an interview to be broadcast in full on the CBS News program "60 Minutes" on Sunday. "I always believed that this was a long-term project. Reversing structural problems in our economy that have been building up for two decades, that was going to take time," after entering office, the president said. "It was going to take more than a year. It was going to take more than two years. It was going to take more than one term. Probably takes more than one president," Obama said. Obama, who defeated Republican nominee John McCain in the 2008 election on a promise of "Yes We Can," entered the White House in January 2009 while the US economy was still in recession as a result of the global financial crisis. During the campaign, Obama had pledged to restore America's economic dominance and gained the upper hand in a tight race after McCain blundered on the economy. Although the United States exited the recession under Obama's leadership, the American economy has been plagued by high unemployment since, and despite falling last month, joblessness remains stubbornly high at 8.6 percent. Obama admitted in the interview that Americans "who are struggling right now, they have every reason to be impatient," but likened himself to the captain of a ship "going through really bad storms." "No matter how well we're steering the ship, if the boat's rocking back and forth and people are getting sick and...they're being buffeted by the winds and the rain," the president said. "People are going to say, 'You know what? A good captain would have had us in some smooth waters and sunny skies, at this point.' And I don't control the weather," Obama added. Asked if unemployment could fall to eight percent before the November 2012 presidential election, he replied: "It's possible. But...I'm not in the job of prognosticating on the economy. I'm in the job of putting in place the tools that allow the economy to thrive and Americans to succeed."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obamadid not \overpromise\ on us economy Arab Today, arab today obamadid not \overpromise\ on us economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obamadid not \overpromise\ on us economy Arab Today, arab today obamadid not \overpromise\ on us economy

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday