Obama says jobless rate could drop to 8 percent

In this image taken from video and released by CBS, President Barack Obama, left, speaks with "60 Minutes" correspondent Steve Kroft at the White House in Washington, Wednesday, May 4, 2011. During the interview, Obama told Kroft that he decided not to release the photos taken of Osama Bin Laden after he was killed by Navy SEALS in Pakistan. (AP Photos/CBS)

December 9, 2011 6:23:08 PM PST
Setting a new bar for the nation's economy, President Barack Obama said the unemployment rate could fall to 8 percent before he faces re-election next November.