Bloomberg News

Obama Says He’s Learning on the Job From White House Mistakes

January 26, 2012

Jan. 26 (Bloomberg) -- President Barack Obama said he second-guesses some of the decisions he makes and that he expects to win re-election in November.

Obama said in an interview with ABC News that he makes mistakes in the White House “every hour, every day” and that “there’re always things that your learning in the job.”

Still, without the actions his administration took, the U.S. economy would be “profoundly weaker,” Obama said.

Asked how much he wants to win a second term, Obama said, “Badly, because the country needs it.”

Obama, who is running for re-election this year, is on a trip through five electoral battleground states to promote his economic policies. The interview was taped while he was in Las Vegas today highlighting the energy initiatives he announced in his State of the Union speech this week.

Obama said the government bailout of General Motors Co. and Chrysler Group LLC along with the stimulus legislation saved the nation from falling into a deeper recession.

“When you look at the broad outlines of what we did, had it not been for the steps we took, our economy would be profoundly weaker than we are right now,” he said.

The unemployment rate in December dropped to 8.5 percent, a three-year low, and employers expanded payrolls by 200,000, an indication that the job market is gaining momentum.

--Editors: Joe Sobczyk, Jim Rubin.

To contact the reporter on this story: Kate Andersen Brower at Kandersen7@bloomberg.net

To contact the editor responsible for this story: Steve Komarow at skomarow1@bloomberg.net


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