Finance

Finance

Obama says it may take more than one president to turn economy around

12 December 2011 10:14 (UTC +04:00)

Baku - APA-Economics. President Barack Obama believes it may take more than one president to turn the U.S. economy around, according to excerpts from a "60 Minutes" interview to be broadcast Sunday, APA reports quoting Reuters.

"I didn’t overpromise. And I didn’t underestimate how tough this was gonna be," Obama said.

He said individual Americans who were struggling had every reason to be impatient, but turning around structural problems in the economy that had been building up over two decades was going to take time.

"I always believed that this was a long-term project ... It was gonna take more than two years. It was gonna take more than one term. Probably takes more than one president."

Less than a year before the election, a Fox News poll released Friday showed that more American voters disapprove than approve of the job Obama is doing.

In his "60 Minutes" interview, Obama compared himself to a ship captain trying to ride out a storm.

"No matter how well we’re steering the ship, if the boat’s rocking back and forth, and people are getting sick, they’re being buffeted by the winds and the rain," he said.

"I don’t control the weather. What I can control are the policies we’re putting in place to make a difference in people’s lives."