Tuesday, June 12, 2012

Obama defends record on economy..... Well tries to

(Reuters) - Barack Obama stoutly defended his economic record on Tuesday after a stream of bad news - and an uncharacteristic verbal misstep of his own - rallied Republican hopes that they can defeat him in November.

Acknowledging there is still a "long way to go" to repair the damage done by a recession he inherited, Obama insisted the American economy was on the right track despite recent signals that the country's recovery might be fading.

"What we have been able to do over the last 3-1/2 years, after a decade in which we had been moving in the wrong direction, is to begin to point towards a trajectory where here in this country, everybody is getting a fair shot," he told supporters at the first of a string of fundraising events. Read More

Chart: It only took Obama 1 Term, Image what he could do with 2