Obama admits party's electoral defeat his fault

US president calls midterm elections results "a shellacking," admits that most Americans have turned against the bank and automaker bailouts and increasing gov't intrusion into their lives with the new healthcare law.

By ASSOCIATED PRESS
November 3, 2010 20:36
1 minute read.
US President Barack Obama

311_Obama says talk to the hand. (photo credit: ASSOCIATED PRESS)

WASHINGTON — US President Barack Obama said Wednesday that voters frustrated by the pace of economic recovery contributed to a Republican takeover of the House of Representatives in the midterm elections. He added, "as president I take responsibility" for the failure to restore job growth more quickly.

Obama ruefully called the Republican victories in Tuesday's election "a shellacking."

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"I think people started looking at all this, and it felt as if government was getting much more intrusive into people's lives than they were accustomed to," he conceded. But he wasn't talking surrender either.

He sought to tread a careful line, suggesting he would cooperate with Republicans where it was possible and confront them when it was not.

The president said the economy had begun a recovery since he took office but Americans became wary when they saw government bailouts of failing banks and two of the Big Three US automakers.

"I think people started looking at all this, and it felt as if government was getting much more intrusive into people's lives than they were accustomed to," he conceded.


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