Obama: More time needed to fix economy

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CHARLOTTE, N.C. (AP) — As his Republican rivals campaign on the view that Americans are worse off than they were four years ago, President Barack Obama is conceding that there’s been only halting progress toward fixing the nation’s economic troubles.

And as he asked for a second term, Obama acknowledged what he called “my own failings.”

When it comes to fixing the economy, Obama said “it will take more than a few years for us to solve challenges that have built up over the decades.”

But, in an appeal to independent voters who might be considering a vote for Romney, Obama added that “not every problem can be remedied with another government program.”

Obama drew cheers from delegates when he retraced his steps to halt the economic slide — including the auto industry bailout that Mitt Romney opposed. He ridiculed his opponent’s economic policies, saying that Romney believes any economic problem can be solved with a tax cut.

Obama told delegates, “Our path is harder — but it leads to a better place.”
This article was provided by The Associated Press.  (Copyright 2012 by The Associated Press. All Rights Reserved.)