In a recent interview, when Barack Obama was asked to grade himself on how he has handled the situation of the economy by KKTV's Dianne Derby, he responded, "You know I would say incomplete...but what I would say is the steps that we have taken in saving the auto industry, in making sure that college is more affordable and investing in clean energy and science and technology and research, those are all the things that we are going to need to grow over the long term. "

Obama tried to save face in claiming, "Obviously we are still going through one of the toughest times that we've had in my lifetime and because of the financial crisis we lost 9 million jobs. We've recovered 4.5 million jobs since that time and half a million manufacturing jobs and here in Colorado you've seen sort of progress in areas like wind energy, for example, and clean energy where because of the investments we've made you're starting to see companies people being hired."

In response to the President grading himself with an "incomplete," a Romney senior campaign advisor, Matt McDonald was asked his reaction. He said,

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I think that for President Obama the question isn't a grade on an A to F scale but it's a pass/fail grade at this point. The question that is on the lips of the people here in Charlotte who are gathering, both the media and the delegates, the people in Colorado and the people across the country is are you better off than you were four years ago and it's a pretty simple answer for alot of people is that they aren't.

I'd say that in the pass and fail category Obama has definitely failed and sadly it will get worse before it gets better as the economy continues to stall.

Watch the interview below:

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