Wednesday, November 10, 2010

Obama: Election was Referendum on Economy


In a taping of "60 Minutes" which the President spoke, he attributes the losses of the Democrats to how he sold the economic recovery package to the American people, rather than on his policies and performance.  Senate Republican minority leader Mitch McConnell said “I think the President believes that somehow he didn’t – his product was good but he just didn’t sell it well.” 

Indeed the President thinks the policies set forth in his two years were sound, as he brought in a litany of positive changes to the financial system, green energy, and saved the economy from a tailspin in to depression, among other things.  “I think first and foremost it was a referendum on the economy,” Mr. Obama said. “And the party in power was held responsible for an economy that is still under-performing.”

During the interview, he expressed the notion that the economy was something that could not be fixed over night and that this would be a slow progression towards recovery.  The economy is on his and 4 in 10 people’s minds as the #1 priority.  Other top concerns are the deficit, which people did not take as seriously under the Bush administration.  Private sector jobs have grown for nine consecutive months now and have surpassed what Bush/Cheney created over eight years.

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