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The Obama Watch |
 
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The One-Termer We've Been Waiting For |
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By David Catron |
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In February of 2009, President Obama? went on the Today Show to discuss a variety of issues, including his plan to turn the economy around. When asked about the consequences of failure for his presidency, he replied with unusual frankness: "I will be held accountable.... If I don't have this done in three years, then there's going to be a one-term proposition." The January 2009 unemployment rate had just been released a few days before that interview was broadcast, and it stood at 7.6 percent. Now, more than two and a half years later, the rate stands at 9.2 percent. Moreover, unemployment has only dipped below 9 percent in two of the past 26 months. This is the longest run of such rates since the Great Depression?. In other words, Obama's three years are nearly up and he most emphatically doesn't "have this done." |
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Matthew is vadumer than Jeffy. |
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