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...