Americans 'frustrated'

Americans 'frustrated'

Barack Obama: American home values have collapsed due to the bank crisis

Obama admitted that his getting embroiled in tackling a flurry of avoidable issues had weakened his bond with the people.

And this is the reason, Obama feels for the surprise victory of a Republican candidate to a Senate seat held for almost five decades by Edward Kennedy, a Democrat. “The same thing that swept Scott Brown into office, also swept me into office,” Obama said told ABC news.
“People are angry, and they’re frustrated. Not just because of what’s happened in the last year or two years, but what has happened over the last eight years.

“You have really hardworking folks all across the country, who have seen their wages flat line and their incomes flat lined,” Obama said. “They feel more secure than ever and then suddenly you get the bank crisis in which their hundreds and thousands evaporating, their home values collapsing,” the President said.

Obama said he was not surprised by what happened in Massachusetts. “I’m frustrated, too. I’m frustrated by the fact that over the last decade we’ve not seen the kind of progress for middle class families that are needed. That’s what I promised to deliver in the campaign.”
But the US president said he was now more optimistic about the future than a year before.
In the interview, Obama acknowledged that year 2009 had been the most packed year of his life. “As I walked through the door at the White House on January 20, 2009, the amount of uncertainty was enormous.”

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