The definition of failed leadership…
After blowing a trillion dollars on a failed stimulus Barack Obama finally admits he didn’t understand how bad things were when he took over in 2009.
It must be Bush’s fault.
Real Clear Politics reported:
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In an interview with Atlanta’s local Fox affiliate WAGA-TV Preisdent Obama explains why he was unable to cut the deficit in half in his first term, a promise he made as a candidate.
Obama was lobbed the question by a sympathetic reporter who said he is getting “pelted in the media” for making a campaign promise he did not keep.
“Well we’re not there because this recession turned out to be a lot deeper than any of else realized,” Obama said about his inability to cut the deficit in half.
“Everybody who is out there back in 2009, if you look back what their estimates were in terms of how many jobs had been lost, how bad the economy had contracted when I took office everybody had underestimated it. People thought that the economy contracted 3%, it turns it was close to 9%. We lost 8 million jobs just in a year’s span, about half a year before I took office and about a half a year after I took office,” Obama said.