Obama: ‘This Is A Loss For The American People’

President Barack Obama speaks to reporters in the White House briefing room in Washington, Friday, March 1, 2013, following after meeting with congressional leaders regarding the automatic spending cuts.
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President Obama on Friday said the automatic spending cuts set to kick in is not a win for any party involved in negotiations. 

“I’m saying that everybody is going to have to do something, and the one key to this whole thing is trying to make sure we keep in mind who we are are here for,” Obama said at the White House. “We’re not here for ourselves. We’re thought here for our parties. We’re not here to advance our electoral prospects. We’re here for American families who have been getting battered pretty good over the last four years, are just starting to see the economy improve and businesses are just starting to see some coming back. This is not a win for anybody. This is a loss for the American people. And, again, if we step back and just remind ourselves what it is we’re supposed to be doing here, then hopefully common sense will be in the end.”

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