Clueless Obama: ‘The private sector is doing fine’

Posted on June 14, 2012 by


Looks like Obama forgot about the recession again.

In a press conference, Obama stated that “the private sector is doing fine.”  Really?   Try telling that to over 20 million unemployed Americans.

Nicholas Ballasy reports at the Daily Caller:

In a Friday press conference at the White House, President Barack Obama told reporters that “the private sector is doing fine.”

“We’ve created 4.3 million jobs over the past 27 months, over 800,000 just this year alone. The private sector is doing fine. Where we’re seeing weaknesses in our economy have to do with state and local government, oftentimes cuts initiated by governors or mayors who are not getting the kind of help that they have in the past from the federal government,” said Obama.

The president also said that “if Republicans want to be helpful” they should “be thinking about [how to] help state and local governments.”

Obama re-pitched his jobs plan that stalled in Congress last year, which would have provided state and local governments with federal funds to hire teachers, firefighters and police officers.

The current national unemployment rate is 8.2 percent.

Read more at the Daily Caller

Due to backlash, the president is now desperately backpedaling, but the damage has been done.  Voters now know his true feelings on the subject.

Dan Spencer opines at Red State:

Saying the private sector is doing fine may have been a blunder, but it wasn’t a gaffe. It may have been a revelation to some, to others it was a confirmation.

After less than five hours, Obama attempted to clarify his the private sector is doing finestatement by saying it’s absolutely clear the economy is not doing fine:

“It’s absolutely clear the economy is not doing fine. That’s the reason I had a press conference. That’s why I spent yesterday, the day before yesterday, this past week, this past month and this past year talking about how we can make the economy stronger.

“The economy is not doing fine. There are too many people out of work. The housing market is still weak, too many homes underwater and that’s precisely why I asked Congress to start taking some steps that can make a difference.” – President Barack Obama, Remarks after bilateral meeting with President Aquino of the Philippines, White House, June 8, 2012.

Confused? Don’t be. Saying it’s clear the economy is not doing fine is not a retraction of the private sector is doing fine. It doesn’t mean Obama doesn’t believe the private sector is doing fine. To the contrary, both statements support Romney’s observation that Obama seeks a government-centered society.

Read more at Red State

Obama’s “retraction” isn’t a retraction at all.   He didn’t take back his remarks about the private sector.  He’s simply saying that he agrees that “the economy” isn’t fine.  His unspoken reason: because it’s drying up local and state governments’ revenue sources and putting the jobs of government bureaucrats at risk.

He’s worried about government jobs, NOT the disastrous state of the private sector, which supports the public sector and is the lifeblood of every economy.

Cross posted at

Posted in: National