Obama to 60 Minutes: Unemployment Could Fall to 8 Percent


While GOP hopefuls duked it out last night to see who would be better to face-off with President Barack Obama in 2012, Obama was raising the stakes. In an interview scheduled to air tonight on CBS' 60 Minutes, Obama said the United States' unemployment rate could fall to 8 percent before November's election.

The U.S. unemployment rate at the end of November was 8.6 percent, which was the lowest rate since spring 2009.

"I think it's possible," Obama told CBS. "I'm in the job of putting in place the tools that allow the economy to thrive and Americans to succeed."

Obama insisted that he didn't "overpromise or underestimate" the task ahead. In the interview, Obama compared himself to a sea captain, guiding a ship "through a bad storm as the boat is rocking and people are getting sick."

"I don't control the weather," said Obama. "What I can control are the policies we're putting in place to make a difference in people's lives."