Obama: The Economy 'Is Always My Responsibility'

After three years of blaming Bush, is he ready to accept responsibility for his own economic disaster?

WCCO-TV correspondent: "When I finally did have a chance to talk to President Obama one-on-one, I asked him at what point does the economy become his fault and not his predecessor's?"

President Barack Obama: "It's always my responsibility. I'm less interested in allocating blame then just making sure that we're taking every step we need to, to move the economy forward. And, you know, traditionally after big financial crises like this the economy takes a longer time to heal and we've seen some progress. In the private sector, we've seen over two million jobs created and this year alone, over a million jobs created. But, it's just not enough yet to have an impact on everybody who needs help out there."

He just can't tell the truth. There have been 1.6 million private sector jobs lost since he was coronated.