Gibbs, in an interview on CNN's "State of the Union," challenged Republican vice presidential candidate Paul Ryan's Republican National Convention statement that Obama's presidency will come to a disappointing close.
"I don't think that there is voter disappointment. I think voters understand ... we have been through a traumatic economic experience in our country, unlike anything we have ever seen. And voters understand it took us years and years of tremendously bad decisions by running up huge debts, and providing huge tax cuts for millionaires and billionaires that didn't create jobs, and they understand that it is going to take us a while to get out of that mess," Gibbs said.
The adviser said he expects Obama to address the economic downturn during his Democratic National Convention speech in Charlotte, N.C.
"He is going to focus on how we move this country forward, laying out plans for strengthening the security of the middle class, investing in research and innovation, paying down our debt responsibly, and honoring those that serve overseas," he said.