Though the American President may not have a direct impact on the economy, as the scope of an economic system is too vast for one man, the burden of responsibility is often placed squarely on his shoulders.
President Barack Obama urged the American people to remain optimistic about the economy after poor economic data surrounding job creation was addressed in a press conference that featured world leaders.
“I’m not concerned about a double-dip recession. I am concerned that the recovery that we’re now in is not producing jobs as quickly as I’d want it to happen,” Obama told the press, Politico reported.
The President also acknowledged the different policies that he and visiting German Chancellor Angela Merkel had on the way to fix the economy, according to the news source.
The leadership of the President was questioned by Republicans who saw poor economic data and changes in his administration as points for contention prior to the press conference, MarketWatch reported.
A new head of the Council of Economic Advisors may be Obama's next concern, as Austan Goolsbee has announced his intentions to step down from the position, reported the news source.