What the headline says:
President Obama predicts unemployment could drop to 8% by next year in ’60 Minutes’ interview
What Obama actually said, in response to a question about whether we might see 8% unemployment by Election Day 2012.
“I think it’s possible. But I’m not in the job of prognosticating on the economy. I’m in the job of putting in place the tools that allow the economy to thrive and Americans to succeed. … I always believed that this was a long-term project. And you know, for individual Americans, who are struggling right now, they have every reason to be impatient. Reversing structural problems in our economy that have been building up for two decades, that was going to take time. It was going to take more than a year. It was going to take more than two years. It was going to take more than one term. Probably takes more than one president.
Soon, it will simply be taken as a given: Obama “predicted” the unemployment rate would drop to 8% by Election Day, and the fact that he said he’s “not in the job of prognosticating,” and is looking at this as a long-term effort, will simply be ignored.