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Obama: "I misunderstood the depth of the recession.".
Talking points memo ^ | July 6 2011 | Barack obama

Posted on 07/06/2011 8:58:45 PM PDT by GlockThe Vote

Obama: I Underestimated Magnitude Of The Recession        Advertisements [?]

  Source: Talking Points Memo

President Obama openly acknowledged underestimating the length and magnitude of the worst recession since the Great Depression in a response to a question during his Twitter town hall.

Always a tough question to answer, Obama was asked what mistakes he made in handling the economic crisis and what he would have done differently looking back on his first months in office.

Obama freely admitted that he would have tried to do a better job explaining "to the American people it was going to take a while to get out of this."

"Even I didn't realize the magnitude -- because most economists didn't realize the magnitude -- of the recession until" it was many months into his presidency, Obama said Wednesday.

Read more: http://tpmdc.talkingpointsmemo.com/2011/07/obama-i-unde...

(Excerpt) Read more at tpmdc.talkingpointsmemo.com ...


TOPICS: Business/Economy; History; Miscellaneous; Reference
KEYWORDS: malaise; obamalaise; obamanomics; prezflustercluck; stupidcommie; townhall; twitter
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What a joke. Resign!
1 posted on 07/06/2011 8:58:50 PM PDT by GlockThe Vote
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To: GlockThe Vote

Obama = FAIL.


2 posted on 07/06/2011 9:00:27 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: GlockThe Vote

Millions of American voters underestimated your shallowness, Barry.


3 posted on 07/06/2011 9:01:06 PM PDT by irgbar-man ("It ain't braggin' if you can do it." Babe Ruth)
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To: GlockThe Vote

4 posted on 07/06/2011 9:02:56 PM PDT by BookmanTheJanitor
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To: irgbar-man

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4909023&mesg_id=4909023

Lmao. DU is exploding over this. Priceless.


5 posted on 07/06/2011 9:03:23 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: GlockThe Vote
Your Glock is doubling.
6 posted on 07/06/2011 9:04:23 PM PDT by Navy Patriot (Holy flippin' crap, Sarah rocks the world!)
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To: irgbar-man
Wish I'd thought to tweet this clown today, specifically:

mr president--when did you start studying economics? I know it was today or yesterday, but what time?

7 posted on 07/06/2011 9:05:02 PM PDT by SAJ (Zerobama -- a phony and a prick, therefore a dildo)
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To: GlockThe Vote
Right. What would he have done if he hadn't misunderstood the depth of the recession? Transfer another trillion dollars from us to his friends?
8 posted on 07/06/2011 9:05:41 PM PDT by AZLiberty (Yes, Mr. Lennon, I do want a revolution.)
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To: GlockThe Vote

Obama on truth serum: “I deepened and sustained the recession severely. Frances Fox Piven is proud of me.”

Put him in a cardigan sweater and let him talk of malaise.


9 posted on 07/06/2011 9:05:55 PM PDT by unspun (It's the Sovereignty, Stu... | We are Gulag Bound)
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To: GlockThe Vote
He's too stupid to misunderstand or understand anything!

The only thing he utters is what he reads from his teleprompter!

10 posted on 07/06/2011 9:06:05 PM PDT by dalereed
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To: GlockThe Vote

He “openly acknowledged” it isn’t his fault. He has no faults and has never made a mistake. Just ask him.


11 posted on 07/06/2011 9:06:37 PM PDT by TwoSwords (The Lord is a man of war, Exodus 15:3)
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To: dalereed

What a failure.


12 posted on 07/06/2011 9:07:59 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: GlockThe Vote

Well this will make a nice campaign ad for someone. I hope the DVR was rolling at the Palin house.


13 posted on 07/06/2011 9:08:26 PM PDT by Semper911 (When you want to rob Peter to pay Paul, you'll always have the support of Paul.)
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To: GlockThe Vote
Obama: Americas Stupidest President

If you think he is totally incompetent with economics, you should check out his foreign policy.

14 posted on 07/06/2011 9:08:28 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: GlockThe Vote
tweet:

which of your economic team does not get forecasts from fortune cookies, or pull them out of their own a-holes?

15 posted on 07/06/2011 9:08:28 PM PDT by SAJ (Zerobama -- a phony and a prick, therefore a dildo)
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To: GlockThe Vote

Oh gee...

The guy with absolutely NO experience of any kind misunderestimated how bad the Democrats had made things.
IMAGINE THAT....


16 posted on 07/06/2011 9:08:57 PM PDT by tcrlaf (You can only lead a lib to the Truth, you can't make it think...)
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To: GlockThe Vote
Must I thank thee again for thy bounty, comrade obama?


17 posted on 07/06/2011 9:09:05 PM PDT by clearcarbon
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To: GlockThe Vote

You don’t want him to resign with Biden as VP. We’d be conquered within 72 hours.


18 posted on 07/06/2011 9:10:38 PM PDT by nickcarraway
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To: GlockThe Vote

Obama has also failed to understand the depths of loathing he has created in the hearts of Americans who are determined to vote his sorry *#% out of office as soon as possible.


19 posted on 07/06/2011 9:13:15 PM PDT by Pat4ever (NO MORE!)
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To: GlockThe Vote

404 Not Found


20 posted on 07/06/2011 9:15:37 PM PDT by tcrlaf (You can only lead a lib to the Truth, you can't make it think...)
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