President Obama answers questions submitted by Twitter at White House town hall event.
President Obama led the first-ever White House Twitter Town Hall Wednesday.
It was a chance for the president to reconnect with the social media universe of younger voters who powered his presidential campaign.
The question and answer session started with a hardball:
"What mistakes have you made in handling this recession and what would you do differently?"
"One would have been to explain to the American people that it was going to take a while to get out of this," President Obama responded.
The White House says the questions were both written and chosen by Twitter users.
One question came from Republican Speaker of the House John Boehner:
"After embarking on a record spending binge, where are the jobs?"
"What he's right about is that we have not seen fast enough job growth relative to the need," President Obama admitted.
The Twitter Town Hall came on the eve of a White House debt ceiling showdown with Congressional leaders from both parties.
They've got a few weeks to raise Uncle Sam's credit limit or risk economic calamity.
The president laid out what he wants from the meeting.
"A balanced approach that has more cuts then revenue," Mr. Obama said, "but has some revenue, and that revenue should come from the people who can most afford it."
House Majority Leader Eric Cantor, who walked out of the last round of debt ceiling talks, says he
May be willing to bend on closing tax loopholes.