Obama: "I didn't overpromise"
Matt Lauer: At some point will you say, "Wait a minute, we've spent this amount of money. We're not seeing the results. We've got to change course dramatically?" . . .
President Obama: Look, I'm at the start of my administration . . . And — and, you know, a year from now I think people — are gonna see that — we're starting to make some progress. But there's still gonna be some pain out there. If I don't have this done in three years, then there's gonna be a one-term proposition.
Interview on NBC’s Today Show, February 2, 2009
What about all the administration promises about what would happen to the unemployment rate? Now this weekend on 60 Minutes when asked about the high unemployment rate, Obama says this:
I didn't overpromise. And I didn’t-- underestimate how tough this was going to be. I always believed that this was a long-term project…And-- you know, for individual Americans, who are struggling right now, they have every reason to be impatient. Reversing structural problems in our economy that have been building up for two decades, that was going to take time. It was going to take more than a year. It was going to take more than two years. It was going to take more than one term. Probably takes more than one president.