Obama told the “Today” Show back in 2009 that if the $787 billion stimulus failed he would be a one-term president.
President Barack Obama acknowledged Monday that the fate of his re-election four years from now likely rests on the success of the proposed $825 billion stimulus package.
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“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,” Obama predicted during an interview on NBC’s “Today Show.”
“If I don’t have this done in three years, then there’s going to be a one-term proposition.”
In acknowledging that his political fortune hinges on the state of the economy, Obama urged the country to be patient in waiting for the stimulus to take effect.