Economy

JUST IN: Pres. Obama Makes DEVASTATING Admission – This Is NOT WHAT WE WANTED TO HEAR!


President Obama appeared on ABC’s “This Week”, and when asked by host George Stephanopoulos whether he accepted some of the blame for the Democratic Party’s loss of seats in the House, Senate, governorships and state houses during his time in office, the president said, “I take some responsibility on that. I think that some of it was circumstances.”

Obama said he came into office in the middle of one of the worst financial crises since the Great Depression, saying, “And unlike FDR who … didn’t take office until about three years into the Great Depression, it was happening just as I was elected. I think we did a really good job in saving this economy and putting us back on the track of growth.”

But he said there were still a lot of people who were out of work in 2010, adding, “There were a lot of folks who had lost their homes or saw their home values plummet, their 401(k)s plummet. And we were just at the beginnings of a recovery. And the, you know, whoever is president at that point is gonna get hit and his party’s gonna get hit,” he continued.

Obama added, “That then means that suddenly you’ve got a redistricting in which a lot of state legislatures are now Republican. They draw lines that give a huge structural advantage in subsequent elections.”

The president did say that the Democratic Party needs to begin to rebuild itself at the ground level.

Obama said, “We’ve got to do a better job of showing up. And I was able to do that when I was the candidate. But … I’ve not seen or presided over that kind of systematic outreach that I think needs to happen.”

WATCH: (Section begins at 21:30)


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