Obama: Patent office's system is 'embarrassing'

President Barack Obama told technology executives today just how behind the times the government is.

"Believe it or not, in our patent office -- now, this is embarrassing -- this is an institution responsible for protecting and promoting innovation -- our patent office receives more than 80 percent of patent applications electronically, then manually prints them out, scans them, and enters them into an outdated case management system," Obama said a today's Forum on Modernizing Government.

"This is one of the reasons why the average processing time for a patent is roughly three years."