Sorry!! The article you are trying to read is not available now.

Here Is What Obama Just Said About The Drug War

Print comment Post Comments
President Obama is in the middle of responding to a series of questions on YouTube.

As was the case last year, questions over drug policy and marijuana legalization skyrocketed to the top of the list. Here was this year’s video question:

Around 3:00PM EST, President Obama responded. Here is the gist of response. (Full disclosure: I did my best at transcribing what he said as he said it, so this isn’t 100% verbatim (lots of “um’s have been redacted”)

“I think this is an entirely legitimate topic for debate. I am not in favor of legalization. I am a strong believer that we need to think about drugs as a public health problem. When you think about other damaging activates in our society… drunk driving, seatbelts…typically we’ve made huge strides in the last 30 years by changing people’s attitudes…We don’t spend enough time thinking about shrinking demand. That’s something within the White House we’re looking at very carefully."

The president also made a few remarks about how drug cartels need to be neutralized, and how rehab centers need to be given more resources to help addicts.

But all in all, this was his point: Drugs should remain illegal, and people need to stop taking them.

He answered a similar question on YouTube back in 2009. This was his response then:

“Can I just interrupt, Jared, before you ask the next question, just to say that we -- we took votes about which questions were going to be asked and I think 3 million people voted," he said to aide Jared Bernstein. "I have to say that there was one question that was voted on that ranked fairly high and that was whether legalizing marijuana would improve the economy -- (laughter) -- and job creation. And I don't know what this says about the online audience -- (laughter) -- but I just want -- I don't want people to think that -- this was a fairly popular question; we want to make sure that it was answered. The answer is, no, I don't think that is a good strategy -- (laughter) -- to grow our economy in 2009."

So for anyone who was hoping that Obama might entertain the notion of legalizing drugs to goose the economy, sorry, but nope.

There’s always next year.
POSITION:  No positions in stocks mentioned.