Friday, September 30, 2011

Obama blames economic misery on Americans getting 'a little soft'

Barrack Obama claims the U.S. had 'gotten a little soft' in the last couple decades and needs to 'get back on track'.

The president was talking about the state of the economy during an interview with a local TV station from Orlando, Florida, when he made the comments.

He told WESH-TV’s Jim Payne: 'The way I think about it is, this is a great, great country that had gotten a little soft and we didn’t have that same competitive edge that we needed over the last couple of decades.

'We need to get back on track.'

Mr. Obama has faced heavy criticism for his handling of the economy, and the current unemployment rate of 9.1 per cent is threatening his re-election bid.

He acknowledged that with the current economic climate it is a particularly 'challenging' time for young people. Read More