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Obama Wishes He Knew Full Extent of Economic Crisis When He Took Office

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By Doug Powers  •  February 15, 2012 10:42 PM

**Written by Doug Powers

President Obama’s term has reached a political heliopause of sorts marking the region between where “if I don’t have this economy fixed in three years I’m a one-termer” ends, and the remote and unpredictable “37-months and beyond” area of interstellar re-election bow shock begins. One sign the economy hasn’t been “fixed” is evident in the fact that Obama is now saying he didn’t realize how bad the problems were in the first place:

President Barack Obama said Tuesday he wishes he knew the full extent of the economic crisis when he took office, if only so he could have let Americans know just how tough the coming years would be.

“I think we understood that it was bad, but we didn’t know how bad it was,” Obama said in an interview with KIRO in Seattle. “I think I could have prepared the American people for how bad this was going to be, had we had a sense of that.”

Rewind to October of 2008 — how much more could Obama have prepared the American people?

I think everybody knows now that we are in the worst financial crisis since the great depression.

Sheriff Biden said the same thing in 2009.

Either we were and/or are still in a crisis worse than the Great Depression, or Obama’s only hope in November is that voters have incredibly short memories.

**Written by Doug Powers

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