Obama: manufacturing, retail took same path as journalism

In a recent Kindle Singles interview, produced by Amazon, President Obama said that both manufacturing and retail have all gone the way of traditional journalism.

"It used to be there were local newspapers everywhere," he said in the interview, which took place Tuesday. "If you wanted to be a journalist, you could really make a good living working for your hometown paper. Now you have a few newspapers that make a profit because they're national brands and journalists are having to scramble to piece together a living, in some cases as freelancers and without the same benefits that they had in a regular job for a paper."

Obama continued, "What's true in journalism is true in manufacturing and is true in retail. What we have to recognize is that those old times aren't coming back. We're not going to suddenly eliminate globalization."

The full interview can be seen on Kindle and Kindle apps here.

@eScarry