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Transcripts For CNNW The Situation Room With Wolf Blitzer 20110816

the best part of the job is coming to places like this, right here in iowa where you can talk to everybody and everyday americans. there s plenty of fear and anger right here in america s heartland and indeed across the country right now. i sat down with the president just a little while ago for an in depth interview about job, the economy, the 2012 campaign. the war on terror and a lot more. specific about the short-term plans for boosting the economy and how it could make or break his reelection campaign. you said if you don t turn around the economy in three years it s going to be a one-term proposition. do you remember that? when i came into office, i knew i was going to have a big mess to clean up. and frankly, the mess has been bigger than i think a lot of people anticipated at the time. we have made steady progress on these fronts, but we re not making progress fast enough. and what i continue to believe is that ultimately the buck stops with me. a lot of these p

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