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November 3rd, 2010
05:30 PM ET

Obama blames economy for Democratic 'shellacking'

CNN Wire Staff

Washington (CNN) - President Barack Obama on Wednesday blamed the anemic economy for the "shellacking" his fellow Democrats experienced in this week's midterm elections, but he acknowledged his policies hadn't done enough to bring down high unemployment.

His administration has "stabilized" the economy and spurred private-sector hiring, "but people all across America aren't feeling that progress," Obama said in a news conference the day after Republicans seized majority control of the House and whittled down the Democratic majority in the Senate.

He called the results a "shellacking" for him and said: "I've got to take direct responsibility for the fact that we have not made as much progress as we need to make."

"If right now we had 5 percent unemployment instead of 9.6 percent unemployment, then people would have more confidence in those policy choices," Obama said.

The president faced reporters a day after voters replaced at least 60 Democrats in the House of Representatives, according to CNN projections, returning control of the chamber to Republicans, who lost it in 2006. In the Senate, Democrats lost at least six seats but retained control of the chamber, according to the projections based on analysis of exit polling.

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Filed under: 360° Radar • Raw Politics
soundoff (7 Responses)
  1. Eduardo Gonzalez

    The economy is not to blame for the democrats to shellak, it's the lack of honest and commited politicians. He forgot all about the hispanics so the hispanics forgot all about him.

    November 4, 2010 at 1:46 am |
  2. mike witte

    i am a life long regestered democrat andi thought when the dems ignored the will of the american people and passed the health plan it would destroy my party for years. last nite it began. i admit people were already afraid becouse of the economy and mad because no banker has went to jail yet but this lack of prudent leadership as to what needs to be done first has cost us dearly and naturally those who get something free are not going to protest against it. democrats do care about people and sometimes we err on the side of compassion,but we are not disloyal. if the bankers could only be sent to china to serve their sentances, we should postumasly pardon jessy james.

    November 4, 2010 at 1:32 am |
  3. Candy Watzek RN

    When we finally get a National Health Program like every other modern country the Medicare and Medicaid programs won't be necessary. How many large Insurance companies supported the GOP. My State was terrible in the lies told about Stephanie Herseth Sandlin it was a loss and now have a miniamlly educated Hot GOp puppet that barely half of voters elected and with only a 63% turnout. The GOP doesn't speak for me or many nurses we are in the trenches and we see tne need every day.

    November 4, 2010 at 1:21 am |
  4. Ken

    Most of what I hear is jobs, jobs, jobs. The second is spending. Even the republicans stuck with the lake of jobs as the priority. The economy is the top issue. Get them jobs and all is well. Tax cuts, healthcare, spending, and all of the rest will fade into the background.

    November 3, 2010 at 11:58 pm |
  5. Juan Salinas

    Pres Obama should of put the CEO's of those banks in jail and maybe had real reform that started within months instead of waving his finger and saying bad boys. But theirs just a party of one and that's why big corporations win every time.Corporations have so much power now they were able to pay off the supreme court for that ruling a few months ago.

    November 3, 2010 at 11:51 pm |
  6. david

    As a young man in america I believe the reason for the of come of this election was that it didn't speak to voters of certain agres

    November 3, 2010 at 11:17 pm |
  7. Karen Conine

    "A shellacking for Democrats". You are wrong again, I am a proud democrat, (did not vote for you). I, as a democrat had nothing to do with your lack of leadership. The American people spoke and you were the one and only, to be shallacked. We all voted against you.

    November 3, 2010 at 9:23 pm |