Bloomberg News

Obama Says He Wishes He Had Better Explained Depth of Recession

July 06, 2011

July 6 (Bloomberg) -- President Barack Obama, responding to questions submitted over Twitter Inc.’s service, said he wishes he had done more in the early part of his term to explain to Americans the depth of the recession.

“People may not have been prepared for how long this was going to take,” Obama said, in response to a query about whether he had made mistakes. Recovery in the housing industry has been “the most stubborn,” he said.

To contact the reporter on this story: Roger Runningen in Washington at rrunningen@bloomberg.net

To contact the editor responsible for this story: Bob Drummond at bdrummond@bloomberg.net


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