(SLATE) -- If you don’t think things are changing fast enough in this country—employment, wages, deficit reduction—cheer up. One thing is definitely changing: President Obama’s deadline for fixing the economy.
In February 2009, two weeks after he was sworn in, Obama sat for an interview with NBC’s Matt Lauer. Lauer asked him about the Troubled Asset Relief Program. Here’s part of their exchange:
Lauer: At some point, will you say, "Wait a minute. We've spent this amount of money. We're not seeing the results. We've got to change course dramatically”?
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Obama: Look, I'm at the start of my administration. One nice thing about the situation I find myself in is that I will be held accountable. You know, I've got four years. And … a year from now, I think people are gonna see that we're starting to make some progress. But there's still gonna be some pain out there. If I don't have this done in three years, then there's gonna be a one-term proposition.