Obama: Private Sector is Doing Fine

A screenshot of CNN’s political news coverage. President Obama is now trying to back away from his claim that the private sector is “doing fine,” but his flip-flopping is only making the head-scratching nature of the remark more pronounced.

At a recent press conference, a reporter asked President Obama if he thought his administration was blaming President Bush for the sour state of the economy for the last four years. Obama, attempting to deflect the question and highlight his own accomplishments, declared that he’d a significant number of jobs over the last two years – in fact, that he’d created so many, the private sector is now “doing fine.” Watch for yourself:

The private sector is, of course, not doing fine at all. Last month, the unemployment rate rose again to 8.2%, and the mounting national debt is creating a “fiscal cliff” that’s scaring away any potential for growth. In the mean time, President Obama has been hammering away at rival Mitt Romney, a man who has overseen the creation of over 100,000 jobs as a private businessman, as an “out-of-touch” millionaire.

If President Obama’s claim that the private sector is “doing fine” isn’t out-of-touch, I don’t know what is.

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Posted in President Obama

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