Barack Obama on 60 Minutes: My Economic Record Is Great

60 Minutes has this exchange with Steve Kroft and strongman Barack Obama:

Steve Kroft: You've got midterm elections coming up. Are you going to get shellacked?

President Obama: Well...

Steve Kroft: Or do you think that, I mean, are you optimistic? What are the issues and what are you going to tell the American people?

President Obama: Here's what I'm going to tell the American people. When I came into office, our economy was in crisis. We had unemployment up at 10 percent. It's now down to 6.1. We've had the longest run of uninterrupted private sector job growth in our history. We have seen deficits cut by more than half. Corporate balance sheets are probably the best they've been in the last several decades. We are producing more energy than we had before. We are producing more clean energy than we ever had before. I can put my record against any leader around the world in terms of digging ourselves out of a terrible, almost unprecedented financial crisis. Ronald Reagan used to ask the question, "Are you better off than you were four years ago?" In this case, are you better off than you were in six? And the answer is, the country is definitely better off than we were when I came into office, but now we have to make...

Steve Kroft: Do you think people will feel that?

President Obama: They don't feel it. And the reason they don't feel it is because incomes and wages are not going up.

It's a great mystery on whether Barack Obama ever took a class in economics.