President Obama in an interview with ABC News insisted his administration could fix the rocky rollout of his health care reform bill and that his political troubles would pass, saying he had “nowhere to go but up.”

“I’ve gone up and down pretty much consistently throughout,” said Obama in an interview with Barbara Walters taped last week and aired on Friday. “But the good thing about when you’re down is that usually you got nowhere to go but up.”

Obama’s comments come as the administration struggles to fix the website and find a way to prevent millions of Americans from being dropped from their insurance plans.

The rollout of Obamacare has hit the president hard, with a number of polls showing him at record lows in approval rating and more Americans questioning his trustworthiness after his broken promise that consumers could keep their health plans despite new regulations.

Obama dismissed the suggestion that he had lost the trust of the public.

“I got re-elected in part because people did think I was trustworthy and they knew I was working on their behalf,” said Obama.

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