Obama: "I misunderstood the depth of the recession.".

Talking points memo ^ | July 6 2011 | Barack obama

[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...

[GlockThe Vote]

I just hope whoever runs against this lop is taking notes.

[Kirkwood]

I’ve never seen DU so riled up at obama. Impressive.

[khnyny]

It’s difficult to understand what’s really going on in the country that you’re supposedly leading when you spend all your time on vacation or on the golf course.

[USFRIENDINVICTORIA]

From reading the DU posts at your link; it seems that the problem was all the right-wing, supply-side economists that Obama hand picked to advise him. Riiiight.

[oyez]

The only thing more stupid than Obama is an electorate to that would vote in a man with a resume that would not fill a post card.

[Kirkwood]

obama is running out of wars to try to distract us. I’ve lost count.

[DaxtonBrown]

How could he underestimate the depth of the recession, I was told repeatedly he was a genius.

[GlockThe Vote]

Still funny to read though. I love when the dumpster melts down.

[GlockThe Vote]

And he made it the entire focus of is damn campaign!

[scott7278]

http://tpmdc.talkingpointsmemo.com/2011/07/obama-i-underestimated-magnitude-of-the-recession.php#more

[GlockThe Vote]

They are melting down on a number of fronts tonight.

[GlockThe Vote]

Thanks.

[cookcounty]

""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, .."

But damn that George Bush for not knowing, in advance, where it was going!!!

[tcrlaf]

WHAT????
You mean Academic Socialist Keynesian Economics Theory doesn’t work outside a Socialist classroom?

WHO’DATHUNKIT!

[GlockThe Vote]

The dumpster is on fire tonight on about 5 different issues.

[Aria]

You know what zero....I never thought you understood it in the first place any more than you understand what to do now.

What you do know - or think you know - is how to make excuses for yourself so you don’t lose your ride on AF1.

Bastard!

[marsh2]

Hope the Repubs. learn from this. You have to run a candidate with actual executive experience. That would likely mean a Governor. Look at who we have running and redline everyone who hasn't been a successful Governor for ideally two terms or more.

[Cyber Ninja]

Yet; guilt-cool will get their vote again. LaL