Obama boast blasted: Economy vow a bust

The Boston Herald reports:

Time is running out on President Obama’s self-imposed deadline to rescue the nation’s slumping economy by his third year in office or risk losing re-election — a cavalier pronouncement punctuated yesterday by dismal jobless figures that prompted even Democrats to second-guess the president’s audacious 2009 assertion.

Obama told TV titan Matt Lauer during a Feb. 1, 2009, MSNBC interview that he would be “held accountable” to improve the economy by the American public and, “If I don’t have this done in three years, then there’s going to be a one-term proposition.”

“He said it. He can’t go back and un-say it,” declared Washington, D.C.-based Democratic consultant Tom Ochs. “(The Obama campaign is) going to have to fight to the death on the economy, and I think they know that.”

The struggles of Keynesian economics.