Barack Obama: “I Always Believed” Fixing the Economy Was “Going to Take Longer Than One Term” (Video)

Barack Obama told “60 Minutes” tonight,
“I always believed” fixing the economy was going to take “longer than one term.”

Of course, that is not what Barack Obama said back in 2009.

President Barack Obama told “The Today Show” back in February 2009 that his presidency would be “one-term proposition” if the economy did not recover in three years.

Barack Obama told the The Today Show:

“Look, I’m at the start of my administration. One nice thing about the situation I find myself in is that I will be held accountable. You know, I’ve got four years. A year from now I think people are going to see that we’re starting to make some progress. But there’s still going to be some pain out there. If I don’t have this done in three years, then there’s going to be a one-term proposition.”

His three years will be up next month and in every major economic category the country is worse off today than it was when he took over.

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  • bg


    Earth to Obama..

    fixing the economy is an ongoing constant task, not a term limit..


  • 8 My Foot

    I hate this liar almost as much as I hate bill clinton.

  • BurmaShave

    Obama has already “fixed” our economy quite enough.

    We simply cannot afford his “fixing” it anymore.

  • No Man

    It was garbled in transmission. He said, “It’s going to take longer than one term to finish off the economy.”

  • Diamond Girl

    In the words of congressman Joe Wilson ~ “YOU LIE!”

    That is the only category Dear Leader excels in.

  • Texas_Treeroach


    When you must rationalize your performance after being thrown into a job that you know you are totally unqualified to perform.

  • No Man

    Obama still has to get more Americans out of the labor force, raise taxes, bankrupt electric utilities, ration health care for seniors, and add 17,000 ruinous new regulations.

    He’ll finish America if the godless, lying [email protected] get their way.

  • dixiegirl

    You can’t hide your lyin’ eyes.

  • David

    I cannot bear to listen to, watch nor read about this sorry excuse for a human being

  • Long but worth reading.

    The Blamer-In-Chief
    By Tom Barrett
    [email protected]

    Adolf Hitler blamed Jews for everything that went wrong in Germany. In doing so he stirred up class hatred that enabled him to murder six million Jews with little resistance from German citizens. Barrack Hussein Obama is doing the same with regard to “rich” people in the United States. Loudly and frequently he blames the “top 1%” for all of our economic woes. The difference is that he doesn’t plan to send them to gas chambers (at least, we hope not). He plans to murder them financially, and in the process complete his destruction of the American economy.

    Why has Obama morphed from the oh-so-positive purveyor of “Hope and Change” to a hate-filled extremist promoting class warfare? Why is he so determined to turn Americans against one another? It’s simple. He had no record to run on. Prior to running for the presidency he had been a “community activist” and then an insignificant state senator in a politically corrupt state. After that he was – ostensibly – a US senator from that same state. But in fact, he used his short time in the Senate as a base from which to run his presidential campaign. So “Hope and Change,” with the help of his teleprompters, was enough to get him elected the first time.

    But this time around he needs to run on his record. Tossing around a slogan like “Hope and Change” won’t cut it, because America has seen that for the lie it was. His problem is the same this time as it was the first time – he has no record. He has passed arguably the most unpopular piece of legislation in US history, ObamaCare – hardly a feat that will cause voters to flock to him. And, even with complete control of the White House, the House of Representatives and the Senate for most of his first term, he has not been able to accomplish anything else of significance.

    So he has decided that the path to re-election is to promote the hatred of class of Americans by another. Just like Hitler.

    The top 1% of taxpayers pay 40% of the income taxes. The next 9% pay 30% of taxes, for a grand total of 10% of taxes being paid by the top 10%. So one would assume that the bottom 70% pay the rest – 30% of taxes. One would be wrong. The 30% is paid by the next 40% of Americans. That’s right – the top 50% of Americans pay all of the taxes; the bottom 50% pay nothing. In fact, under Obama, many in the bottom 50% get tax “refunds.” How can you get a “refund” of something you haven’t paid? You cannot. This is simply another form of welfare, except that the IRS is distributing it.

    How is this fair? Everyone, rich and poor alike, pays sales tax. That is everyone paying their fair share. But the income tax is “progressive.” (Watch out when you see that word – it is synonymous with Socialism.) There is a reason why any tax on income was forbidden in our Constitution. It is because it discourages productivity. This is why the “Progressives” (Socialists) had to push through a Constitutional amendment in order to get it.

    In Article I, Section 2 of the US Constitution, we find these words: “Representatives and direct taxes shall be apportioned among the several states which may be included within this union.” In other words, the STATES, not individuals, paid taxes to the federal government.

    Article I, Section 8 states: “The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States.” “Uniform” means equal, or fair to all. The top 1% of individuals paying 40% of the taxes can hardly be considered “uniform.”

    Article I, Section 9 says: “No capitation, or other direct tax shall be laid, unless in proportion to the census.” The census was to determine how many people lived in each state, and by that the amount of uniform (fair) tax that each STATE would pay.

    Do as I did. Do a word search for “tax” throughout the Constitution. You will find that the intentions of our Founding Fathers were very clear, as I have quoted them above. Income was not to be taxed.

    Then money-grubbing politicians did the unthinkable. They convinced Americans to go against the clear intentions of the Founders, and institute a federal tax on personal income. How did they accomplish this? Through lies, deceit and trickery – the way they do most things.

    The Sixteenth Amendment is very short, and very deadly. It was passed in 1913 – the same year as the treasonous Federal Reserve Act was passed (also using lies, deceit and trickery – but that’s a subject for another article). The Sixteenth reads: “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census of enumeration.” The Founders said taxes should be raised by apportionment among the states, according to the census. This is a direct repudiation of the original intent of the Founders.

    Why did the Progressives/Socialists want to change the entire system? Because it took power away from the states, and concentrated that stolen power in the central government. This is how we got the ungodly system we have today, in which the federal government steals from individual citizens, and then returns a part of the money to the states – with strings attached. To give you just one example, the unconstitutional Department of Education includes mandates that require the states to spend $1 for every 60 cents they receive.

    How did they trick America into going along with this perversion of the Constitution? With three big lies:
    1) They sold it as “patriotic.” The country supposedly needed more money, and it was “The right thing to do.”
    2) It was only going to be a 1% tax. Very affordable.
    3) The biggest lie: It was only on “income.”

    To understand the depth of this deception you need to understand what the word “income” meant in 1913. Today we might call someone who is not employed, but lives from the money he or she receives from a trust, real estate, or investments, as a “Trust Fund Baby.” In 1913 they referred to someone like that as someone who “Had an income.” Money a person received from his employment, trade or profession was not considered income.

    So only the top 1% of Americans (the ones with “incomes”) would have to pay the new tax. No wonder the 99% went along with it – it didn’t impact them! They used class warfare to pass this evil Amendment.

    But of course, over the years (as was the plan all along), the definition of “income” expanded until it included every penny every American received from every source whatsoever.

    Along the way, the Democrats realized that in order to make sure that their base continued to vote for them, they would have to exempt large portions of the population from the income tax. It worked well for them. Is it any surprise that almost all welfare recipients and low income families vote Democrat?

    The only other large constituency they have is the unions. The Democrats support the unions with unconstitutional laws that force workers to join unions, pay dues to an organization they don’t want to be part of, and have those dues go to support politicians they hate. They also support laws that prohibit secret ballots, which expose workers who vote against the union to intimidation and often beatings by union thugs.

    Collectively, Democrats refer to their base, both those on welfare (who don’t work at all), and their union backers as “workers.” Everyone else is “Capitalists.” Obviously they don’t understand that people who own businesses work – often much harder than the Democrats’ “Working Class” constituents.

    Consider a union guy who waves a flag stopping and starting traffic on a highway job. He’s getting $40 an hour because it’s a federally funded project that requires union laborers. But that’s just what he is – a laborer with no education or skills. Contrast him with a small business owner who works far more hours than any of his employees, risking his life savings for his dream, and employing 80% of the people in America. He has to have management and accounting skills, along with whatever expertise is required for his line of business. Yet, because of punitive government taxes and over-regulation, he often makes half of what the flag-waver makes.

    Who are these evil “Top 1%” people? Chances are, you might be one of them. If you make over $250,000 a year, Obama thinks you’re rich, and fair game for his vicious attacks. The problem is that the majority of people who make over $250,000 make it through their businesses. After paying business expenses and taxes, many of them take home far less than a typical union carpenter.

    If you’re not one of them, you probably work for one of them. That’s what I was talking about at the beginning when I mentioned that Obama’s class warfare and hatred campaign will ruin the nation economically. He complains that “Big Business” is not hiring enough people, or that they are sending “American jobs” overseas.

    The reason businesses are not hiring is that they are afraid, and they don’t know what their government is going to do to them. They are afraid of the huge costs of ObamaCare. They are afraid of the new taxes that Obama is concocting to further squeeze their already small profit margins. And they can’t plan because they don’t know what new attack is going to emerge. Since Obama took office his administration has issued over 7,000 new regulations – more than any president before him. Most of these have negative impacts on businesses.

    As to “American jobs” going overseas, he’s the direct cause of that. America has the highest corporate income taxes in the world. There is nothing patriotic about a business committing financial suicide by producing goods here when they can produce them for far less elsewhere. And, by the way, Obama’s biggest campaign contributors are “Big Business” corporations, most of who have overseas operations.

    So if you work for one of the evil “Top 1%” – and 80% of Americans do work for small businesses – if you support Obama you may very well find yourself unemployed soon. And you will have caused your own job to be lost.

    So what will it be, America? Are you going to allow this small-minded opportunist to turn you against your fellow Americans? Or are you going to tell Obama loudly and clearly at the polls, “Your brand of hatred for America and for the businesses that made it great are no longer required in the White House – in OUR house.”

    THE BEST OF THE BEST: For great conservative commentary, visit our website to see what our outstanding conservative authors have to say about what is happening in our world. Great new articles are posted every Monday morning. To read them, visit our website,

  • MrGoodWench

    Oh Mr Hoft,
    in 2009 he was speaking to N-BC.
    This time he is speaking to C-BS.
    There’s a difference 😉

  • i guess he doesn’t think he can completely wreck the economy in four years he is going to need another four years. maybe tanking the country is a harder task than he thought. i still don’t know why the entire democratic party goes along with this communist. what does the DNC have on them.

  • Nancy

    Like the boy who cried wolf, I have heard Mr. Obama lie and lie and lie. Explain to me why I should believe the latest BS, especially after that quote about the voters electing another president if he didn’t manage to fix the economy after three years?

    There comes a point when you stop listening.

  • Sandy

    Destroying the economy only took Obama one term.

  • Like the poser Hussein could fix anything.

  • Clutch

    Its’ not a lie if you believe it. Numbnuts here believes his own rhetoric. Hey, Obumbles, the worst lies are the ones we tell ourselves and that includes everything that comes out of your piehole.

  • Redwine

    This malignant narcissist is truly the master of taqiyya.

  • jainphx

    If only this lying POS was good at lying, but he’s like the kid with cookie crumbs on his face, and swears he didn’t get into the cookie jar. His lies are just so apparent, and yet the MSM can’t seem to find one lie.

  • Adi

    Well, His hair is grayer, His face has more wrinkles, He is wearing a better suit, but He still is the liar we know He was from the beginning.

    Yeah, another term please. And this time will be different – not.

    He’ll be even grayer, with more wrinkles, with better suits and bigger lies. What next?

  • I’m sure Sir Golfs-A-Lot actually believes his indoctinated marxist beliefs so because “fixing” means redistributing ALL wealth except for the wealthy corrupto-o-crats, yes, his idea of “fixing” can take a long time…

    soviets tried it… killed off tens of millions by trying…

    psst, America, why are you LETTING this guys keep trying anyway? If a child is driving the car off the cliff and you don’t bother taking the keys aways, whose fault is it?

  • Tyranny’s Bain

    I think by “fix” Maobama means’s definition number 7 under the verb form.

    7. a : to get even with b : to influence the actions, outcome, or effect of by improper or illegal methods

  • RCCA

    I believe what he said was it’s going to take more than one term to change the way things are done in Washington, not that it would take more than one term to improve the economy.

    He also said that the differences between the Democrat and the Republican approaches to economic policy will be stark and the people will have to decide which one they believe will improve their situation. So each party will have to make its case and the people will decide. I think we’re at a point where people are going to give each party serious consideration.

  • gus

    Obama is a clown, and we take him seriously.

  • I tried REALLY hard to get through the 60 Minutes interview but it was Steve Kroft’s sickening bias that made me shut it off. I’m used to Obama and knew what to expect.

    Kroft implied that Kansas was a new turn for Obama and that he had begun to be in campaign mode. Kroft then went on to say that Obama has tried to be bi-partisan since the November 2010 elections. Kroft then said something about the meany Republicans not cooperating. That’s when I turned it off. If Obama wins re-election we know why.

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  • gus

    Granny Jan. Kroft is a LIBTARD. He drinks the KOOL-AID. Facts and reality don’t matter.

  • gus

    RCCA. No offense friend. Are you RETARDED??

  • Wiley

    Unless enough people take an “anyone but 0bama” stance, he will be re-elected. The MSM will choose the republican in the hope of helping their boy. As bad as McCain was, 0bama is worse.
    A republican house, senate and president no matter how wishy washy is better than 4 more of the current POS.

  • RCCA

    Gus, no, are you? No offense taken.

    Kroft: You declared your candidacy. And you said, “The reason we’ve not met our challenges is a failure of leadership, the smallness of our politics, the ease with which we’re distracted by the petty and the trivial, our chronic avoidance of tough decisions, our presence for scoring cheap political points instead of rolling up our sleeves and building a working consensus to take on big problems.” I mean those were eloquent words and true words. Unfortunately, they’re still largely true today. Did you overpromise? Did you underestimate how difficult this was gonna be?

    Obama: I didn’t overpromise. And I didn’t underestimate how tough this was gonna be. I always believed that this was a long term project. That reversing a culture here in Washington, dominated by special interests, it was gonna take more than a year. It was gonna take more than two years. It was gonna take more than one term. Probably takes more than one president.

  • gus

    I’m sorry RCCA. You are clearly a fvcking MORON. You are a clown.

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  • RCCA, the culture Obama wants to reverse is the AMERICAN culture…and from your naive posts, he is doing a bang up job on you. By the way, which of the 57 states Obama visited when he campaigned in 2008 do you live in…or do you live in the one he didn’t get to visit?

  • bigL

    Doesn’t CBS or any of thestations have a reporter that is NOT 5ft 9inches tall? All the reporters stand in front of Obama and he looks down on them. Theis is Axel and Jarrett and Obama setting the rules.NO MORE! If the stations insist on sending out the shorties, then insist on a table interview.Stop playing into the meme that BHO is larger than life!
    And stop providing BO with the questions ahead of time.It is obvious.

  • Blacque Jacques Shellacque

    “I always believed” fixing the economy was going to take “longer than one term.”

    More BS.

    Did the interviewer call him out on it, or was he given a pass?

    (I didn’t watch the clip, didn’t watch the program, and have no desire to see or hear the guy until he’s booted out of office next November)

  • RCCA

    Talk about morons. You people want to win an election in 2012? You really want to defeat Obama? It isn’t going to happen by insulting anyone based on inaccurate and misleading quotations. How absurd and frankly, creepy.

    If you are not even capable of conducting an intelligent conversation on a blog where you have complete freedom of expression, you are clearly incapable of understanding what the value of our American culture really is. Bullying your opponent through insults, as you have displayed here, or through spending massively on campaign advertising, is not the American way.

    Furthermore, the statistics are that 27% of the electorate identify as Republicans, 35% Democrats, 36% Independent ( ) so to win this election you are going to learn to convince people based on the strength of your arguments, not through insults or bullying, because that will not work with Independents.

  • gus

    RCCA. Son, you’re a clown. I’m not interested in your fvcked up CLOWN rhetoric.
    RCCA. FVCK YOURSELF Fvckcluster. I have ZERO interest in your RETARDED ……”LOOOOK AT ME!!!””” [email protected]
    You are NOBODY. You’re a fvcking clown.

    GET IT???

  • WillofLa

    If the Communists who Obama brought into the government have their way, Obama will be reelected by hook or crook, more crook than anything else. I do not believe from what we’ve seen of Obama’s real self the he is going to leave the office that he and his handler’s have made so much headway in. I believe that they want to finish this country off and it’s so close they can taste it. Of course there still are millions of American’s who are still staunch American citizen’s and will not give this country up, no matter what Obama and the Communists do.

    I heard recently that every military person and police are being made to sign a new form, and on it is one question and that question is, “Would you be willing to kill your fellow American’s if you were ordered to?” Answer:______YES, _____NO. Of course we know that if you answered “no” you probably wouldn’t get that reenlistment, increase in rank, promotion, or raise. But if you answered “yes” then the doors open to you. Of course you don’t have to be telling the truth, but that problem with that is you are going to be serving with maniac’s who meant “yes” and if you confided with them that you were lying to get the promotion or whatever, he’d turn you in to your superior’s and you’d be either booted out, or thrown in jail for lying on a Federal form.

    So Obama and the Communists are setting the stage to use the military and police to confiscate privately owned weapon’s, or shoot you in the process. Obama has spent the past three years finding out if he would be opposed if he started passing more Presidential Directives, Executive Orders, hiring all ther czar’s that have violated the Constitution, sent our troops to countries by orders of the U.N. which is unconstitutional, and sent them to Uganda to protect his people in Kenya from rebels which is unconstitutional, and so many crimes that I doubt if anyone even kept count of how much he has actually committed, or has been a accomplise in on with people like Nancy Pelosi, and Harry Reid and Richard Durbin who used his office to get Obama to pass that part of the Dream Act to over look thousands of illegal Mexican aliens just because they haven’t been arrested by police, and in Durbin’s announcement had in his office the head of the Dept. of Homeland Security who is supposed to be over the Immigration Dept. and did nothing to stop Durbin or Obama or anyone who wanted to destroy our nation’s sovereignty and flush the Constitution down the drain.

    I doubt Obama is going anywhere except right back to finish the destructive job he started, and we did absolutely nothing about it but rant and complain. Here we hold one of the biggest rallies in Washington D.C. since the 60’s, the Tea Party activist who were there to demand that our representatives not sign the ObamaCare bill, and what happened? We were laughed at by those leftists and Obama claimed he didn’t know anything about us being there. Of course that was a lie, but what it did was show us that he didn’t care because he KNEW nothing would happen. HE KNEW he was fully supported on the issue, and fully backed by those who we had gone to Washington to convince that we would throw them out if they signed that bill, and they did it anyway, and yes, we did throw them out, but it didn’t matter because Obama knew we couldn’t touch him.

  • O’bumbles was right the first time lol

  • Blacque Jacques Shellacque

    Furthermore, the statistics are that 27% of the electorate identify as Republicans, 35% Democrats, 36% Independent (…

    Gallup also says that as of August of this year, 41% of Americans identify themselves as conservative, vs 21% identifying themselves as liberal.

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  • Maybe he needs three terms… so more of his great ideas could be implemented.

    Like his green scheme to cause the price of electricity to “necessarily skyrocket.” Or, give him more time so he can again delay (to scuttle) the critical Canadian oil pipeline so our energy costs and problems are made even worse.

    Yeah, that should get the economy humming. What does it cost now just to drive a couple hundred miles? A small fortune! O wants it to skyrocket even higher. It’s insane$.

    People don’t seem that concerned. But look what just happened at the climate loon conference in Durban. The Cry Wolfers have unexpectedly succeeded, and made inroads toward their dream of global govt & redistributive “climate reparations.” SICK SICK.

    No Mr. Obama, skyrocketing energy prices will not help the economy. You don’t need any more time in office.

    A note to #10 Opaobie…. we all want to add our 2 cents, but $2? In consideration of the blogger and other commenters, you could give a summary and link, instead of 19 pages.

  • American Woman

    So glad to see that, for the most part, posters here have their eyes wide open.

    I know my eyes see clearly the ugly truth of our political landscape. Obama will say and do anything to get re-elected and the stinking MSM will continue to help him any way they can.

    Enough! Get this show on the road.

    We don’t need a POTUS, who believes America’s best days are behind her; who endangers are military, who has no idea how to fix the economy; who hires socialist idiots to places of authority; who sides with Islamic Fascists any chance he can; who allows our enemies to obtain our military technology; who makes the homeland unsafe, who has turned NASA into a laughing stock, who thumbs his nose at our Constitution, and who has no honor and no integrity.

    Time to turn the page, and kick this bum out.

    I don’t believe the polls, because they are tied to our Orwellian 1984 media. Since the media rarely tells the truth and in fact tries to hide it, I doubt the polls are reliable.

    Election Day, 2012, is the day we take our country back from this usurper. Hopefully, shortly after that day, the Congress has him arrested for high crimes and misdemeanors. (Pay back is a gender-neutral bitch.)

  • “Obama has turned NASA into a laughing stock”

    @American Woman. Right! THAT is a big, though unheralded, issue. It’s been pitiful to see Obama preside over the disintegration of our space program. It’s not just about inspiration and technology. It’s natl security. See China to Own the Moon by 2026.

    As far as Newt vs Mitt on this, Romney, as he is wont to do, aligned himself with the Democrats on this, and with Obama, who canceled GWB’s plan to return to the moon.

    Newt is right to want to restart our space program.

  • YourMaster

    he forgot to mention, that he hasn’t had the time to work on the economy
    because his Arab Masters have been keeping him busy deepthroating Islamic cock
    ….all day…. everyday…. 24/7… for the past 3 yrs….

    ….that’s why he wanted office…. so he could do that. *l*

  • ∅cat

    From this day on, the official language of San Marcos will be Swedish. Silence! In addition to that, all citizens will be required to change their underwear every half-hour. Underwear will be worn on the outside so we can check. Furthermore, all children under 16 years old are now… 16 years old!—Bananas

  • workingclass artist

    Obama’s socialist policies are wrecking the economy.

    “Our economy on the other hand [improved]—let me give you a great example: We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise taxes; we came back in ’05, and we had an $8 billion surplus. That’s how fast it can happen.

    “That’s the reason I have hope, not only for the country, but for states like California that are in dire financial predicaments. You can turn it around in a hurry, but you have to make hard, principled decisions.” – Gov. Rick Perry 2009. WSJ

    Gig Em’
    Perry 2012

  • MN Jim

    obama “fixed” the economy like the vet “fixed” my dog.

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  • Patty

    Yeah, the FIX will be in if Obama has his way.

    “Look, I’m at the start of my administration. One nice thing about the situation I find myself in is that I will be held accountable”.

    Yeah, Congress when will he be held accountable for our Downgrade and his diversionary tactics.

  • paul52

    Where is the uproar? Last night, Nerobama told 60 Minutes he would circumvent Congress to push his agenda through. I believed we had REPRESENTATIVE government. All hail the Emperor. What crap.

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  • Alyiana

    Fixing the econonmy does not mean spend more then what we have. It means to get jobs for the people that aren’t working and havne’t been working since before he took office and after. We pay their salaries but yet we are the bad guys? They get to keep their pensions, bonuses, retirement while we lose it to take care of our bills so we have a place to live? This is b.s. Where is the governments economics class?

  • Dan

    Federal Government should only do what the state and local governments cannot do for themselves. FEDS, GET OUT OF MY BACK YARD! (if I had a back yard, but I’m in the 99%… I take that back, I’m working my a$$ off building a company to be in the 1%)