Obama: "The Private Sector is Doing Fine"

In response to a question about Republican criticism of his approach to supporting the U.S. economy with good policies President Obama's latest answer offered fresh evidence that he has no idea what the job market is like for millions of Americans. "The private sector is doing fine," Obama said. "Where we're seeing weaknesses in our economy have to do with state and local government. Oftentimes cuts initiated by, you know, Governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don't have the same kind of flexibility as the federal government in dealing with fewer revenues coming in. And so, you know, if Republicans want to be helpful, if they really want to move forward and put people back to work, what they should be thinking about is how do we help state and local governments....." he added. The president made no mention of the Solyndra bankruptcy or his killing of the Keystone XL pipeline and all of the jobs that were lost when he did so.

Obama: "The Private Sector is Doing Fine"