Obama to Letterman 3 Yrs Ago: 'We’re Going to Come Back Stronger Than Before'
(CNSNews.com) - When President Barack Obama appeared on CBS’s “Late Show” with David Letterman on Sept. 21, 2009, he said that the “most important task” for his administration was to “put people back to work” and affirmed that he was confident “we’re going to come back stronger than before.”
“We're going have to grow at a much faster clip,” Obama told Letterman. “And the single most important task for my administration and my economic advisers is how do we make sure that we put people back to work.”
“Unemployment is still going to be a big problem for at least another year, Obama said a little later in the program. “And if we are steady, we stay the course, we do what we need to do, then I'm confident that over time we're going to come back stronger than before.”
“Stronger than before,” echoed Letterman.
“Stronger than before,” said Obama.
“That's good enough,” said Letterman as he cut to a commercial break. “We'll be right back.”
When Obama appeared on the “Late Show” in the third quarter of 2009, the recession of 2008-2009 had been over for three months, according to the National Bureau of Economic Research. At that time, according to the Bureau of Economic Analysis, real Gross Domestic Product was growing at a seasonally adjusted annual rate of 1.4 percent. In the second quarter of this years, real GDP grew as 1.7 percent.
In each of the 35 months since Obama appeared on the “Late Show,” according to the Bureau of Labor Statistics, the unemployment rate has remained above 8.0 percent.