President Obama: “The private sector is doing just fine”

posted at 12:01 pm on June 8, 2012 by Erika Johnsen

By most counts, it hasn’t exactly been a spectacular week for Team Obama. Mitt Romney is giving him a formidable run for his money on the campaign trail; poor jobs numbers combined with more bad news from Europe has everybody feeling down; that whole Wisconsin debacle was perhaps a tiny bit embarrassing; and to top it all off, there’s been some very pointed muttering about whether the White House may have intentionally leaked some classified information to the media for a little foreign-policy boost.

President Obama magnanimously appeared before us on Friday morning to explain away these charges, most particularly concerning the economy and Europe, and to exhort Congress to step up their game on passing jobs-related legislation. Europeans, he said, face the challenge of needing to both get their spending under control, while also encouraging growth. The United States has the same problem, and needs to find ways to grow the economy in order to create jobs and wealth and boost revenue. Curiously, the jobs he seemed most concerned about are state-and-local government jobs, including cops, teachers, and firefighters, because apparently, the private sector is doing just fine, or something.

You know, I was in complete agreement with the President as he was saying that it’s much easier to deal with debts and deficits when your economy is growing — but his solutions include the government making more “investments” on Americans behalf, sponsoring infrastructure projects to put the construction industry back to work, “stabilizing the banks” (because that worked so well, cough cough, “too big to fail”), and adding more workers to state-and-local public payrolls. All of which are ideas, he claims, with which most bipartisan economists agree, and if Republicans wanted to “be helpful” and allow the country to “move forward,” they’d get on board.  …The Keynesianism is overwhelming me.

Contrary to what President Obama says, Congress does have ideas to grow the economy — by forcing the government to get out of its own people’s way and allow the private sector to function as it should. Yesterday, for instance, I applauded a bill proposed by Majority Whip Kevin McCarthy that would force the Obama administration to issue more drilling permits on federal land. More energy production is a proven route to prosperity, not more of the same government-stimulus that has had us just meandering along in the longest “recovery” following a recession since WWII.

The President also denied the allegations of his White House releasing sensitive national security information, calling the idea “offensive” and “wrong.” “People need to have a better understanding of how I approach this office and of how the people around me approach this office,” he scolded. Riiiiight.


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What he failed to mention was that he believes this to be true because a magical unicorn from a cotton candy palace in the land of rainbows and pixie dust told him so.

Pcoop on June 8, 2012 at 12:38 PM

Data proves Obama is correct – private industry adding jobs past 2 years while public sector taking the big jobs hit.

http://talkingpointsmemo.com/images/private-vs-public.png

cornfedbubba on June 8, 2012 at 12:14 PM

Jobs Picture Comparison: January 2009 v. May 2012

http://predicthistunpredictpast.blogspot.com/2012/06/jobs-picture-comparison-january-2009-v.html

M2RB: The Verve live at Glastonbury

Resist We Much on June 8, 2012 at 12:39 PM

Implosion. I-M-P-L-O-S-I-O-N.

BHO Jonestown on June 8, 2012 at 12:39 PM

The President also denied the allegations of his White House releasing sensitive national security information, calling the idea “offensive” and “wrong.” “People need to have a better understanding of how I approach this office and of how the people around me approach this office,” he scolded

…so it must be Bush?

KOOLAID2 on June 8, 2012 at 12:39 PM

It became apparent some weeks ago when the president talked on the stump—where else?—about an essay by a fellow who said spending growth is actually lower than that of previous presidents. This was startling to a lot of people, who looked into it and found the man had left out most spending from 2009, the first year of Mr. Obama’s presidency. People sneered: The president was deliberately using a misleading argument to paint a false picture! But you know, why would he go out there waving an article that could immediately be debunked? Maybe because he thought it was true. That’s more alarming, isn’t it, the idea that he knows so little about the effects of his own economic program that he thinks he really is a low spender.

Obama has lost his grip on economic reality

J_Crater on June 8, 2012 at 12:40 PM

President Obama: “The private sector is doing just fine”

Does Mr. Obama have REM on his iPod?

http://www.youtube.com/watch?v=_eyFiClAzq8

ted c on June 8, 2012 at 12:41 PM

The narrative is set … Obama is delusional

J_Crater on June 8, 2012 at 12:42 PM

looking out for his union brothers and sisters…..

calling the idea “offensive” and “wrong.”

puhleeze….

YOU LIE

cmsinaz on June 8, 2012 at 12:42 PM

What would you expect the socialist President to say?

farsighted on June 8, 2012 at 12:42 PM

calling the idea “offensive” and “wrong.” “People need to have a better understanding of how I approach this office and of how the people around me approach this office,” he scolded

Oh, PLEEEEEEEZE tell us all !!
Most of us are sickeningly aware, but to hear his explanation from his own lips could likely be pure gold !!
PLEEEEZE ???

pambi on June 8, 2012 at 12:43 PM

The private sector is doing fine

Oh, so it is your friends in the “public sector” that are dragging America’s economy down?

Don L on June 8, 2012 at 12:43 PM

Obama has lost his grip on economic reality

J_Crater on June 8, 2012 at 12:40 PM

Kind of hard to lose your grip on something you never grasped in the first place.

Flora Duh on June 8, 2012 at 12:43 PM

i bet tingles is feeling the thrill

he’s so awesome

cmsinaz on June 8, 2012 at 12:43 PM

Implosion. I-M-P-L-O-S-I-O-N.

BHO Jonestown on June 8, 2012 at 12:39 PM

That’s an understatement. This is like watching a failing star collapse into a black hole.

teke184 on June 8, 2012 at 12:44 PM

Not only is the private sector not doing “fine,” my little corner of the public sector ain’t doin’ so hot either.

No sale, Barack.

Bob's Kid on June 8, 2012 at 12:44 PM

Obama has lost his grip on economic reality

J_Crater on June 8, 2012 at 12:40 PM

…or marbles, to be sure…

jimver on June 8, 2012 at 12:44 PM

The Obama campaign has gone into pinata mode

J_Crater on June 8, 2012 at 12:44 PM

like right2bright said earlier

the outing of valerie plame….OUTRAGEleaking national security…NO WORRIES

cmsinaz on June 8, 2012 at 12:45 PM

That’s great, it starts with an earthquake, birds and snakes, an aeroplane -
Lenny Bruce is not afraid. Eye of a hurricane, listen to yourself churn -world serves its own needs, regardless of your own needs. Feed it up a knock,speed, grunt no, strength no. Ladder structure clatter with fear of height,
down height. Wire in a fire, represent the seven games in a government forhire and a combat site. Left her, wasn’t coming in a hurry with the furies breathing down your neck. Team by team reporters baffled, trump, tetheredcrop. Look at that low plane! Fine then. Uh oh, overflow, population,common group, but it’ll do. Save yourself, serve yourself. World serves its own needs, listen to your heart bleed. Tell me with the rapture and the reverent in the right – right. You vitriolic, patriotic, slam, fight, bright light, feeling pretty psyched.

It’s the end of the world as we know it.
It’s the end of the world as we know it.
It’s the end of the world as we know it and I feel fine.

Six o’clock – TV hour. Don’t get caught in foreign tower. Slash and burn,return, listen to yourself churn. Lock him in uniform and book burning,blood letting. Every motive escalate. Automotive incinerate. Light a candle,light a motive. Step down, step down. Watch a heel crush, crush. Uh oh,this means no fear – cavalier. Renegade and steer clear! A tournament,a tournament, a tournament of lies. Offer me solutions, offer me alternatives and I decline.

It’s the end of the world as we know it.
It’s the end of the world as we know it.
It’s the end of the world as we know it and I feel fine.

The other night I tripped a nice continental drift divide. Mount St. Edelite.
Leonard Bernstein. Leonid Breshnev, Lenny Bruce and Lester Bangs.
Birthday party, cheesecake, jelly bean, boom! You symbiotic, patriotic,
slam, but neck, right? Right.
http://www.absolutelyrics.com/lyrics/view/r.e.m./it%27s_the_end_of_the_world_as_we_know_it_%28and_i_feel_fine%29

ted c on June 8, 2012 at 12:46 PM

We just don’t have enough public sector jobs !!!
Can’t you plebes understand ???

/

pambi on June 8, 2012 at 12:46 PM

Obama started to sound like Thistle (without pig tails)…

jimver on June 8, 2012 at 12:48 PM

Just put more people on unemployment and the economy will flourish. Nancy told me so.

txag92 on June 8, 2012 at 12:50 PM

Another day another thousand lies from the regime.

Christian Conservative on June 8, 2012 at 12:52 PM

“People need to have a better understanding of how I approach this office and of how the people around me approach this office,” he scolded.

Be careful what you wish for, Skippy. You just might get it.

smellthecoffee on June 8, 2012 at 12:54 PM

Right now Romney simply has to stand to the side and watch Obama and the dems self destruct. Perhaps he should should chime in from time to time to add fuel to the fire that is burning in the Obama reelection headquarters. After reading Pelosi’s remarks regarding Catholic bishops not speaking for the Catholic church I didn’t think I would hear anything more stupid this week. Then the president opened his mouth… For a guy that was supposed to be a political genius, Obama has exposed himself as the fool and amateur he is each and every day.

Ellis on June 8, 2012 at 12:54 PM

This inept, incompetent man is lost in a thick fog without a compass or a map. He and his Marxist regime are on the verge of completely destroying this once great Republic and that is very sad.

rplat on June 8, 2012 at 12:54 PM

“The private sector is doing fine.”

Obama can do Chip Diller imitations all he wants, but that’s not what the public sees, and they will flatten him just the same.

RadClown on June 8, 2012 at 12:55 PM

For a guy that was supposed to be a political genius, Obama has exposed himself as the fool and amateur he is each and every day.

He was called a “political genius” because the media was covering up for all his stupidity while demonizing his opposition.

It’s harder for them to cover for him at this point and Mitt is so vanilla that no one really buys any of their crap, which is why they’re stooping to the “His gay neighbors in La Jolla don’t like him” crap.

teke184 on June 8, 2012 at 12:56 PM

President Clueless. Little wonder why the recovery is taking soooooo long. wow.

TN Mom on June 8, 2012 at 12:56 PM

There’s a bunch of stuff that this guy probably has, with “Narcissistic Personality Disorder” near the top of the list.

teke184 on June 8, 2012 at 12:07 PM

I’ve heard this over the years. And I’m pretty convinced. I’ve often wondered if anyone would act on it.

Of course no one wants to be the loon who would dare accuse 0bama of having mental issues. Should be grounds for removal.

However, at this point, I want to see him humiliated out of office in November. Would also like to see him implicated in F&F after Holder goes to prison.

That’s when the insanity defense will be used.

It’s all about timing.

Lord, help me. I’m overflowing with contempt.

freedomfirst on June 8, 2012 at 12:56 PM

Cain’t wait for the liberal spin doctors to sink their teeth into this whopper.
DWS would particularly fun to watch.

Jabberwock on June 8, 2012 at 12:56 PM

President Obama, under pressure for the weak economic recovery at home, on Friday attempted to shift the focus to Europe, delivering a to-do list to leaders overseas that emphasized economic growth over cost cutting.

Not unlike his message for Republicans in Congress, Obama said European leaders needed to focus first on job growth and leave longer-term fiscal reform for later.

“That recipe of short-term investments in growth and jobs with a long-term path of fiscal responsibility is the right approach to take for, I think, not only the United States but also for Europe,” Obama said.

“If they are just cutting and cutting and cutting, and their unemployment rate is going up and up and up, and people are pulling back further from spending money because they’re feeling a lot of pressure, ironically that could actually make it harder for them to carry out some of these reforms over the long term,” he said.

J_Crater on June 8, 2012 at 12:57 PM

“If you tell a big enough lie and tell it frequently enough, it will be believed.”
― Adolf Hitler

phoebe1 on June 8, 2012 at 12:57 PM

Just put more people on unemployment and the economy will flourish. Nancy told me so.

txag92 on June 8, 2012 at 12:50 PM

They don’t call him The Food Stamp President for nothing…generating food stamps saved the economy, or something…same (in)famous nancy told me so…

jimver on June 8, 2012 at 12:57 PM

I’ve often wondered if anyone would act on it.

Doubtful.

As bad as Obama is, they don’t want to deal with President Joe Biden.

teke184 on June 8, 2012 at 12:59 PM

Wow. The guy is either just a bald faced liar, stupid beyond measure or completely out of his mind.

Or any combination of the three. This statement will haunt him.

In September of 1983 the private sector added over one million jobs.

dogsoldier on June 8, 2012 at 12:59 PM

Obama has lost his grip on economic reality

J_Crater on June 8, 2012 at 12:40 PM

Kind of hard to lose your grip on something you never grasped in the first place.

Flora Duh on June 8, 2012 at 12:43 PM

Exactly.

Teh One is clueless about the real world. He never had to live in it. He has spent his life immersed in socialist theory and is clueless about how free enterprise works. He has had his income handed to him all of his life.

His socialism is not grounded in reality. It is not grounded in the reality of human behavior and in the reality of market economics. Socialism fails everywhere it is tried, and the degree of failure is directly proportional to the degree of socialism imposed. Socialism does not create wealth and prosperity. It kills it by killing free enterprise and confiscating personal wealth, by hacking off bigger and bigger pieces of the carcass to redistribute and to feed and fund an insatiable big government.

Obama is standing there with huge bloody chunks of private sector in his hands, telling us a private sector economy that is on life support is still alive and well, as he points to the next piece he wants to hack off and pass around.

farsighted on June 8, 2012 at 1:00 PM

Alright now, seriously…that’s enough.

I mean, it’s one thing to politic…it’s one thing to bald-face lie to America…but, …this goes too far.

It’s something entirely different to stand up in front of cameras, and make statements so ..so…totally INSANE, that at this point, you have to question two things:

His real intentions.

His sanity.

If he’s not TRYING to destroy the country, he’s clearly INSANE.

This guy’s starting to remind me of Nigel Hawthorne’s performance in ‘The Madness of King George’. Scary, fer real.

a5minmajor on June 8, 2012 at 1:00 PM

Obama again finds himself wishing he were campaigning against a reasonable Republican, like John McCain, who recognizes that the fundamentals of our economy are strong.

Bru on June 8, 2012 at 1:02 PM

“…but his solutions include the government making more “investments” on Americans behalf, sponsoring infrastructure projects to put the construction industry back to work…”

And this is one of those places where the Keynesian thing has it all backwards.

We are experiencing how it actually works successfully here in North Dakota. Our state isn’t borrowing tons of money to build roads and bridges in order to put construction workers on the job in hopes they will propel the economy. No, instead we have a boom in the private sector (mainly from the shale oil boom), which is resulting in lots of new people coming here for lots of new jobs. That means new homes need to be built, which means lots of new jobs for construction workers. And of course that all flows over into other areas of new job creation, since all those people with jobs need other serives, like restaurants and shops and such. Even more new jobs get created! And all those people then pay taxes on all that new money from all those new jobs, which gives the state lots of new money to build all those new roads and bridges and things that are needed. Notice how that part comes last in the chain, and as such does not require the state to borrow a bunch of money.

THAT is how it actually works, not the back-ass-wards way Obama and his ilk seem to think it works.

gravityman on June 8, 2012 at 1:03 PM

“The private sector is doing fine”

Meanwhile, Barry puts his hands around the throat of the Golden Goose and screams: MORE EGGS, MORE EGGS, MORE EGGS!!!!!!

TarheelBen on June 8, 2012 at 1:04 PM

LOL. Wait for the next round of corporate earnings reports. They’ve been talking all week on CNBC about how bad they’re going to be. Microsoft, GE, Citigroup — all are expected to report poor earnings in 2Q.

My brother is an independent CPA who specializes in tax returns for small businesses. He says nothing has improved for his clients since 2008. He is barely hanging on to his practice.

rockmom on June 8, 2012 at 1:06 PM

What is amusing is the fact that his justification for public sector expansion begins and ends with the fact that people need jobs.

He doesn’t say, “crime rates show we need more police, so let’s get to hiring!”

He doesn’t say, “fire department response times show we need more firemen, so let’s get to hiring!”

Nope.

It’s “we’ve found a way to do the government’s job with fewer people, and that’s counter to my ideological beliefs…so let’s get to hiring!” Also missing is how state and local governments are supposed to pay for this hiring.

CycloneCDB on June 8, 2012 at 1:06 PM

Also missing is how state and local governments are supposed to pay for this hiring.

“What, can’t you print your own money to do it, like I had Timmy do?”

teke184 on June 8, 2012 at 1:07 PM

farsighted on June 8, 2012 at 1:00 PM

Obama came of age in the radical hothouse of Columbia, and made his political career among the socialists and black-power radicals in Chicago. He’s never spent a day of his adult life outside of those cocoons, and he has never atracted people of differing views to his orbit. He lacks both knowledge and experience of life outside the big-city progessive bubble.

rockmom on June 8, 2012 at 1:09 PM

but his solutions include the government making more “investments” on Americans behalf, sponsoring infrastructure projects

Because obviously what got us into this economic mess is bad infrastructure and not enough infrastructure. And what is holding the economy back is bad infrastructure and not enough infrastructure. If only we had spent more on infrastructure we never would have had an economic downturn. Obviously the way out is more infrastructure spending.

Obama is a clueless bumbling blithering idiot.

farsighted on June 8, 2012 at 1:09 PM

He wouldn’t know a private sector if one jumped up and bit him on his boney keister. Private sector he must think means “the sham green business cronies whose nests I’ve feathered with your tax dollars.” Yuh. They’re doing fine.

curved space on June 8, 2012 at 1:10 PM

gravityman on June 8, 2012 at 1:03 PM

Well stated, and as a Texan, it really gives me great joy to see the boom in ND as well.
REAL life; REAL jobs; REAL prosperity !!!!

pambi on June 8, 2012 at 1:12 PM

By most counts, it hasn’t exactly been a spectacular week for Team Obama.

Ms Johnsen, may I humbly suggest that you freeze the above line and save it. You’ll be thawing it out and reheating it many, many times before 6 November.

The War Planner on June 8, 2012 at 1:13 PM

Obama has lost his grip on economic reality

J_Crater on June 8, 2012 at 12:40 PM

Perhaps equally importantly, he has apparently lost his grip political reality. Not since Jimmy Carter insinuated that we have inflation because people are living too well has a president seemed this out of touch with Americans’ economic experience.

Ronald Reagan wrapped such lines around Jimmy Carter’s neck. If Romney’s people can’t beat this group like a drum, they never had it in them.

Chuckles3 on June 8, 2012 at 1:14 PM

This guy is such a political idiot.

TX-96 on June 8, 2012 at 1:16 PM

They are still pushing that 4 million jobs lie? Goodness…

Wagthatdog on June 8, 2012 at 1:16 PM

Doing just fine was when the so called idiot President averaged 5% unemployment during wars, 9/11, and a financial crisis.

Obama’s big problems are ATMs? Really?

Wagthatdog on June 8, 2012 at 1:17 PM

Contrary to what President Obama says, Congress does have ideas to grow the economy — by forcing the government to get out of its own people’s way and allow the private sector to function as it should.

Buwhahahahahahaha. This Erika is a funny one. Thanks for the laugh.

Uppereastside on June 8, 2012 at 1:17 PM

Teh One is clueless about the real world. He never had to live in it. He has spent his life immersed in socialist theory and is clueless about how free enterprise works. He has had his income handed to him all of his life.

farsighted on June 8, 2012 at 1:00 PM

This certainly explains why Obama never released his college transcript.
He either got a “D” in economics or, more likely, he never took economics

J_Crater on June 8, 2012 at 1:17 PM

If Romney and the New Media can hammer this point of view home…

…Obama may have just lost the election.

If I sepnt as much time with Hollywood and the NY Elite, I may feel the same way.

He’s officially out of touch with America.

Now get out there and spread the word…..

*********************************************************

Follow me on Facebook and on Twitter @gadsdenrattlers

GadsdenRattlers on June 8, 2012 at 1:19 PM

Have you read Mike Lupica’s latest article about Obama in the Daily News today…they’re still playing the race card…lol

Last time, there were just weren’t enough reasons for enough white voters to vote against the black guy, as much as they wanted to. This time there are plenty.

And please don’t believe a single poll on this issue.

Sharke on June 8, 2012 at 1:20 PM

The WH is getting really scared and scared folks make bad discussions.
We are going to have front row seats to a 7 month long train wreck.

This is going to be epic!

esnap on June 8, 2012 at 1:24 PM

The Failed President is a narcissist liar, socialist, and a statist loser, and is destroying America. He is a very dangerous man and ignores the law in general, the will of the American people, Congress, and the Constitution. There are no longer massive adoring crowds to deceive. For the first time in Barack Obama’s life, he is accountable.

Obama has never stood for individualism, capitalism, or liberty. The White House has been marginalized and he has proven himself to be the most inept president in modern history. He is symbolic of a man who has downgraded the White House, the Constitution, human life, foreign policy, race relations, and America herself.

The majority of Americans are sick of his condescension, his policies, his racist bigotry, and his incompetence. Obama is “the most disastrous president in our history.”
This is the most corrupt, incompetent, dangerous tyrannical administration in American history. He is an arrogant, hyper-partisan, race-baiting, and a committed Black Liberation Socialist.

President Obama flaunts a sinister, in-your-face egotism; the self-gratifying arrogance of a narcissist that would issue an Executive Order sealing all of his personal records within 24 hours of taking office.

Brushjumper on June 8, 2012 at 1:24 PM

This is going to be epic!

esnap on June 8, 2012 at 1:24 PM

This is going to be fine.

cozmo on June 8, 2012 at 1:25 PM

OK, I’m not a licensed Psychologist….but I’ll bet the farm that this guy is clinically delusional

Renee on June 8, 2012 at 12:04 PM

It’s kinda difficult to talk when the teleprompter says one thing, the electrodes in your head say another, and the small, shrill voice in the back of your head begs for a joint and a poodle steak.

Archivarix on June 8, 2012 at 1:29 PM

Chris Christie just dropped an anvil on Barry’s head:

CHICAGO — Chris Christie scoffed at President Barack Obama’s comments about state and city governments Friday, saying the remarks are an “outrage” and indicative of the “core differences between who we are and what he represents from America.”

“The president fundamentally believes that the way to support our economy is to take more in taxes from all of you and spend it on more public workers who then will pay a fraction of that money back in taxes,” the New Jersey governor told conservatives gathered at the Conservative Political Action Conference here. “If anybody ran a business like that they would be out of business quickly and Barack Obama’s leadership is driving this business, the United States of America, toward a fiscal cliff. We’d better stand together in the next five months and stop him from doing it.”

A surrogate for Mitt Romney and possible vice presidential pick, Christie was referring to a statement this morning by Obama in which the president said that while the private sector is “doing fine,” state and local governments are suffering.

“Where we’re seeing weaknesses in our economy have to do with cuts in state and local government” made by state leaders who Obama said need the support of the federal government, Obama explained. “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? How do we help the construction industry?”

Christie said it was an “outrage” for Obama to blame on local officials on both sides of the aisle and to say that “state and local government hiring is moving in the wrong direction and we’re to blame because the economy’s not growing.”

“He’s the one who put forward an ineffective, wasteful stimulus plan that did nothing to help this economy,” Christie said. “…He’s the one who saddled us with all these federal rules and regulations that don’t allow governors to have the freedom to do what we really want, and then he has the audacity to stand up this morning and say that it’s the nation’s governors and the nation’s mayors who are driving our economy down by not hiring enough people for government work!

“If you need to understand with any more clarity the difference between conservative Republican principles and this president, you don’t need to listen to one more word in this campaign than what he said behind that podium at the White House today,” Christie charged.

Read more: http://www.politico.com/news/stories/0612/77215.html#ixzz1xDvrI9Fn

rockmom on June 8, 2012 at 1:29 PM

Boy, whenever this guy goes off teleprompter he sounds as stupid as Nancy Pelosi.

tommyboy on June 8, 2012 at 1:29 PM

“The fundamentals of the economy are strong” for 2012…

Gingotts on June 8, 2012 at 1:29 PM

He is frighteningly clueless!

waitwaitdontsmellme on June 8, 2012 at 1:29 PM

As an owner of a small business…I’m at a loss for words…

PatriotRider on June 8, 2012 at 1:30 PM

Wow clueless and a great commercial

Conservative4ev on June 8, 2012 at 1:31 PM

By most counts, it hasn’t exactly been a spectacular week for Team Obama.

Except in the sense of something that occasionally happens at the wall of the old brickyard in Speedway, IN on the Sunday before Memorial Day.

Barnestormer on June 8, 2012 at 1:35 PM

Brushjumper on June 8, 2012 at 1:24 PM

It sounds like you have read “The Amateur”
If not, I highly recommend it
http://www.amazon.com/The-Amateur-Edward-Klein/dp/1596987855

esnap on June 8, 2012 at 1:36 PM

“If they are just cutting and cutting and cutting, and their unemployment rate is going up and up and up, and people are pulling back further from spending money because they’re feeling a lot of pressure, ironically that could actually make it harder for them to carry out some of these reforms over the long term,” he said.

They’re NOT, ‘tard. “Austerity” in Europe overwhelmingly means raising taxes….which is exactly what you want to do.

Dude looks like a moron.

Resist We Much on June 8, 2012 at 1:38 PM

LOL. Wait for the next round of corporate earnings reports. They’ve been talking all week on CNBC about how bad they’re going to be. Microsoft, GE, Citigroup — all are expected to report poor earnings in 2Q.

rockmom on June 8, 2012 at 1:06 PM

Q1 profits were the worst in 3 years.

Resist We Much on June 8, 2012 at 1:41 PM

Q1 profits were the worst in 3 years.

Resist We Much on June 8, 2012 at 1:41 PM

Wait for Q2, Europe implosion and alll…

jimver on June 8, 2012 at 1:47 PM

“The fundamentals of the economy are strong” for 2012…

Gingotts on June 8, 2012 at 1:29 PM

THe Whine’s Waterloo…

jimver on June 8, 2012 at 1:49 PM

rockmom on June 8, 2012 at 1:29 PM

LOVE IT !!

pambi on June 8, 2012 at 1:51 PM

Seeing a lot of liberals on twitter claiming the comment was taken out of context.

Dreamers.

taternuggets on June 8, 2012 at 2:09 PM

That “News conference” was a disgusting joke. That gutless, pandering gaggle of “C” average journalist majors gave Obama another pass. We have no “News” agencies in this country, we only have biased, left wing propaganda machines in the service of Obama.

rplat on June 8, 2012 at 2:11 PM

…so it must be Bush?

KOOLAID2 on June 8, 2012 at 12:39 PM

When all else fails, yes…

Old Fritz on June 8, 2012 at 2:13 PM

If the private sector is doing so good, shouldn’t all those public employees who lost their jobs be able to find one in the private sector?

What?

Barred on June 8, 2012 at 2:41 PM

and to exhort Congress to step up their game on passing jobs-related legislation.

So the dozens of jobs bills that the House passed to sit on Harry Reid’s desk and never see a vote in the Senate isn’t enough?

Or will the Senate finally propose one?

gekkobear on June 8, 2012 at 2:41 PM

This could be historic.

“Read my lips” – George H. W. Bush, 1988
“I was for it before I was against it” – John Kerry, 2004
“The private sector is doing fine” – Barack Obama, 2012

The first two lines killed the campaigns of those who spoke them (Clinton hammered Bush with his 1988 line in ’92). This could be the noose around Obamas neck.

Alberta_Patriot on June 8, 2012 at 3:18 PM

GOP rapid response video / ad is already out – http://www.youtube.com/watch?feature=player_embedded&v=241jxCN1AfQ

rayra on June 8, 2012 at 3:44 PM

Obama will go down in history as the greatest President since FDR. After all, Obama’s economic slump will be second only to FDR’s Great Depression.

hawksruleva on June 8, 2012 at 3:54 PM

The President would like to walk back that earlier statement:
http://bit.ly/MiVrHt

President Barack Obama, seeking to clarify comments about the strength of the U.S. economy, said later today it is “absolutely clear” that the U.S. economy is “not doing fine.”

hawksruleva on June 8, 2012 at 4:00 PM

The fog rolls in whenever a Democrat attempts to clarify.

curved space on June 8, 2012 at 4:13 PM

Imagine if Mitt Romney said the following about the state of the economy:

“The private sector is doing just fine.”

The MSM headlines would scream this out of touch pipedream quote for weeks ad nauseum until Romney’s campaign was effectively put out of its misery.

That “News conference” was a disgusting joke. That gutless, pandering gaggle of “C” average journalist majors gave Obama another pass. We have no “News” agencies in this country, we only have biased, left wing propaganda machines in the service of Obama.

Suddenly that gaggle of “C” average journo listers would become Rhodes Scholars and Pulitzer Prize whiners, destroying any and all hope of a conservative victory in November.

Of course, since it was their Messiah who babbled this insulting, mind-numbing garbage, they accept it breathlessly with eyes glazed over and legs tingling fast and furiously. Welcome to Bizarro World!

Sweet_Thang on June 8, 2012 at 4:32 PM

“So let me be as clear as I can be: the economy needs to be strengthened,” the president said, “that’s why I had a press conference.”

Akzed on June 8, 2012 at 4:35 PM

The line about “private sector doing fine” is bad enough. But the next line about more “state and local governments” needing support is truly terrifying, because it is now conclusive that this Empty Suit believes that government can create wealth.

We have a lot of educating to do with the American people. This mindset is dangerous.

matthew8787 on June 8, 2012 at 5:39 PM

The BEST part of ALL of this is we FINALLY have the O saying that HIS economy is pi$$-poor !!
What more do we need ??
Own it, eh, DWS ???
Yahoody !

pambi on June 8, 2012 at 6:11 PM

fine  (fn)
adj. fin·er, fin·est

2. Very small in size, weight, or thickness: fine type; fine paper.

5. Thin; slender: fine hairs.

7. Consisting of very small particles; not coarse: fine dust.

adv.
tr. & intr.v. fined, fin·ing, fines
To make or become finer, purer, or cleaner.

Take your pick?

socalcon on June 8, 2012 at 10:46 PM

The petty little is an economics illiterate. He knows as much about the private sector as a fish knows about astronomy.

petefrt on June 9, 2012 at 2:20 AM

Another “slow jamming the news” will erase this stumble from Americans’ minds.

/Obama’s campaign managers

Grace_is_sufficient on June 9, 2012 at 5:55 AM

Look at the video again. Squint. Pretend that O’Balzac is fat and speaks with a lisp. Change a few words and have him say that Fanny Mae and Freddie Mac are doing just fine. Shades of July 17, 2008.

Now I understand. Everything is just fine. Move on nothing to see here. He created 4.3 millions of jobs in 57 states over the last 2 27 months. We’re so lucky to have him and his cohort hamsar wife.

HHW on June 9, 2012 at 5:34 PM

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