Say, just how “fine” is the private sector doing, anyway?

posted at 12:41 pm on June 8, 2012 by Ed Morrissey

Erika already noted the reassurance from President Obama on the state of the private sector, which he thinks is “doing fine”:

Well, just how “fine” has the private sector done?  Let’s take a look at the record, and compare it to Obama’s words.  First, the private sector during his term of office has created a net 55,000 jobs since Obama took office. The BLS data from the CES survey from 2009-12 produces this chart:


Note the curve in the graph.  Obama signed the stimulus bill in February 2009, which was supposed to halt job erosion.  The private sector lost jobs for the next twelve months in a row, only flipping to the positive in March 2010.   A better starting position would be the point of recovery, which came four months after the stimulus bill got signed, in June 2009.  Even if one goes from the start of the recovery, though, that only comes to 3.107 million jobs in the private sector, not 4.3 million.

In order to get to 4.3 million, Obama has to ignore his first full year in office.  Only by comparing May 2012 to February 2010 do we get to 4.267 million private-sector jobs being created.  However, that’s not a net gain, certainly not counting from the launch of the $800 billion jobs stimulus plan, nor from the recovery.

Even if we assign the entirety of the recession to George Bush, as Obama argues, job growth in the private sector in this recovery amounts to only 86,300 jobs per month — not even enough to keep up with population growth, which requires roughly 125,000-150,000  new jobs per month to just tread water.  Obama’s spurious claim of 4.267 million jobs in 27 months as being net for his economic policies still amounts to just 158,000 per month, barely the status quo in relation to population growth … at the bottom of the trough.

That’s not “fine” at all.  In fact, it’s pretty darned lousy, and the precipitous drop in civilian population participation rates make that clear.  Jim Pethokoukis reminds us what constitutes “fine”:

1. Private-sector jobs have increased by an average of just 105,000 over the past three months and by just 89,000 a month during the entire Obama Recovery.

In 1983 and 1984, during the supply-side Reagan Boom, private sector jobs increased by an average of 292,000 a month. Adjusted for population, that number is more like 375,000 private-sector jobs a month

2. If the labor force participation rate for May had just stayed where it was in April, the unemployment rate would have risen to 8.4%. As it is, the U.S. economy is suffering is longest sustained bout of 8% unemployment or higher since the Great Depression.

3. Private-sector GDP rose just 2.7% in the first quarter, after rising a measly 1.2% last year.

By contrast, private-sector GDP rose 3.8% in 1983 and 6.5% in 1984 during the supply-side Reagan Recovery.

Voters do not think the present stagnation, a thirty-year low in civilian participation rates, and staggering job creation is “fine,” no matter what Obama thinks.  The fact that Obama tells us that everything is “fine” shows his connection to the reality of middle America to be even more tenuous than the Anna Wintour video suggests.

Update: Jim Geraghty (and others on Twitter) are calling this Obama’s John McCain moment.  In case you’re wondering … that’s not a good thing.  In 2008, Obama attacked McCain for this statement:

The Obama campaign asked, “How can McCain fix our economy if he doesn’t know it’s broken?” That question sure sounds relevant to the president today.

Perhaps even more so.

Update II: It’s been a while since we’ve given out the Chip Diller Award:

Update III: Turns out that John Podhoretz was way ahead of me

Update IV: I changed “55,000″ to “55,000 jobs” in the second paragraph, and added “in relation to population growth” in the fifth paragraph to clarify the meaning of “status quo.”


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good thing the Media reported that GEORGE BUSH was out of touch……our current President, between $40,000.00 a plate dinners seems to have a laser like focus on reality!

SDarchitect on June 8, 2012 at 12:43 PM

Obama exported lots of private jobs.

Schadenfreude on June 8, 2012 at 12:43 PM

But the headwinds! It was the headwinds! He inherited those headwinds anyway! You all are racists. Shut up.

/s

joekenha on June 8, 2012 at 12:45 PM

About as fine as a zombie apocalypse.

KrebsCyclist on June 8, 2012 at 12:46 PM

switched over to msdnc….defending dear leader to the nth degress but realize the only sound bite that is going to come out of this little presser is the private sector is doing fine….

cmsinaz on June 8, 2012 at 12:46 PM

Fine is something that like Bill Clinton’s “IS” has to be carefully defined. When a Marxist (read Barrack Hussein Obama here) talks about the “Private Sector” doing fine, what he really means is that despite his best efforts it simply refuses to die.

SWalker on June 8, 2012 at 12:47 PM

I knew this guy was out of touch when he was complaining about the price of arugula….

Renee on June 8, 2012 at 12:47 PM

The REM Presidency.

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

ted c on June 8, 2012 at 12:48 PM

It’s doing so fine that food stamp spending has doubled since he took office.

The private sector is doing so fine that when women offer a man a BJ, he thinks “yes! an employment opportunity” before realizing what she really said.

The Rogue Tomato on June 8, 2012 at 12:48 PM

The Obama campaign asked, “How can McCain fix our economy if he doesn’t know it’s broken?” That question sure sounds relevant to the president today.

amen ed…amed

hello mcfly?

cmsinaz on June 8, 2012 at 12:49 PM

I do not think my employees would agree that things are doing “fine.” They will all be out of a job at the end of the month.

oceansidecon on June 8, 2012 at 12:50 PM

Of course the private sector is doing fine. Corporate profits are at an all time high.

-Kos kids

bernverdnardo1 on June 8, 2012 at 12:50 PM

Obama only cares about government jobs. He couldn’t care less about the private sector.

theCork on June 8, 2012 at 12:51 PM

This from the guy who tweeted re: D-Day while traveling in Air Force One to fundraise in Ca. No suprise. Such a douche.

BHO Jonestown on June 8, 2012 at 12:52 PM

leonid breshnev, lenny bruce and lester bangs, birthday party cheesecake, jelly bean, boom.

t8stlikchkn on June 8, 2012 at 12:54 PM

Out of touch.(?)

Like all good liberals Obama lives in fantasy.

Speakup on June 8, 2012 at 12:54 PM

The REM Presidency.

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

ted c on June 8, 2012 at 12:48 PM

holy crap ted. sorry. it ran thur my head as i read this and posted before i read the others. sorry for redundancy.

t8stlikchkn on June 8, 2012 at 12:55 PM

No post such as this is complete without the appropos youtoobage.

thread music.
http://www.youtube.com/watch?v=Z0GFRcFm-aY

ted c on June 8, 2012 at 12:55 PM

Queue hall & oates ‘out of touch’

cmsinaz on June 8, 2012 at 12:56 PM

So, the private sector is doing fine?

Not around here.

A good number of business owners have cut back on orders, have cut back on hiring as well, or at least merely replacing some employees one-for-one as conditions allow. There is an air of optimism regarding what may happen in November, but too many “if’s” out there to cause any general feelings of comfort and coming good times.

But, government jobs…the local state university, once again raising tuition and other costs, has embarked on yet another expansion, and federal and state funded road projects (union jobs) are tying up traffic all around this area.

But the local stores and businesses?

In the doldrums, still.

Thank you, Prezdit Obama…you can take that hope and change and ram it…the rest of us have to make a living or try to scrape by for the present.

Fine, indeed.

Putz.

coldwarrior on June 8, 2012 at 12:57 PM

leonid breshnev, lenny bruce and lester bangs, birthday party cheesecake, jelly bean, boom.

t8stlikchkn on June 8, 2012 at 12:54 PM
holy crap ted. sorry. it ran thur my head as i read this and posted before i read the others. sorry for redundancy.

t8stlikchkn on June 8, 2012 at 12:55 PM

no worries. those of us that grew up in the 80′s probably had a similar memory jog. I do believe that REM took digs at Ronald Reagan when they wrote that tune, at least that’s what the lyrics appear to do.

ted c on June 8, 2012 at 12:57 PM

If the Romney campaign doesn’t produce a video using the EXACT attack line Obama used against McCain, I’ll be very disappointed.

It should say “How can Obama fix the economy, if he doesn’t even know its broken?”

bobsacramento on June 8, 2012 at 12:58 PM

heh. Chip Diller Award!!

duly earned. Play the thread music as we bestowest the coveted award upon the Winnah.

ted c on June 8, 2012 at 12:59 PM

I do not think my employees would agree that things are doing “fine.” They will all be out of a job at the end of the month.

oceansidecon on June 8, 2012 at 12:50 PM

Dang, I’m sorry. For all of you. Seriously HATE to hear so many of these stories.

Self-employed hubby only has one ‘employee’ and that’s me.
He pays me in beer. We good widdat.

pambi on June 8, 2012 at 12:59 PM

It’s Baghdad Barack!

First he was imitating his namesake hussein by intentionally dumping tens of millions of barrels of oil into the gulf (and stopping anyone else from trying to mitigate or contain the spill for months). Now, he’s mimicking Baghdad Bob with his declaration that the coalition will never take Baghdad (as they are approaching in the background). Next, he’ll be back to mimicking the other hussein as he tries to light every single oil well in Kuwait city in America on fire all as he’s being allowd to retreat in one of the most humiliating military defeats political tenures in all of history.

Baghdad Barack declares: All is well with that nasty, greedy private sector. It’s just the evil GOP that is stopping the government from keeping its bloated and useless workforce … don’t ask me where the $860 billion from my porkulus went (or the continuation of it for two years after I managed to slime it into the baseline by my allis against America not allowing another budget to ever be passed … which is cool because I’m a Constitutional scholar and all …)

ThePrimordialOrderedPair on June 8, 2012 at 12:59 PM

Government creates jobs? Really? May I send in a custom order for the job I want, puh-leeeezzzzeeeeeee?

ExpressoBold on June 8, 2012 at 12:59 PM

no worries. those of us that grew up in the 80′s probably had a similar memory jog. I do believe that REM took digs at Ronald Reagan when they wrote that tune, at least that’s what the lyrics appear to do.

ted c on June 8, 2012 at 12:57 PM

indeed. total lefties. but those first 5 albums up to document were quite amazing, politics of stipe and the boys aside. when i think if obama’s narcissistic pers disorder ‘i am superman’ sometimes starts spinning.

t8stlikchkn on June 8, 2012 at 1:00 PM

Baghdad Barack declares: All is well with that nasty, greedy private sector. [...]

ThePrimordialOrderedPair on June 8, 2012 at 12:59 PM

.
*** snort ****

ExpressoBold on June 8, 2012 at 1:02 PM

when i think if obama’s narcissistic pers disorder ‘i am superman’ sometimes starts spinning.

t8stlikchkn on June 8, 2012 at 1:00 PM

I think you’ve got that right. I did like that tune too….dang.

ted c on June 8, 2012 at 1:02 PM

In order to get to 4.3 million, Obama has to ignore his first full year in office.

Hmm that sound like a real familiar lie on the part of the National Socialist Left and El Presidente Downgrade.

Didn’t they do that to try and make the case that he wasn’t a profligate spender?

Chip on June 8, 2012 at 1:04 PM

Come on November! Mama needs a new president.

This fool has got to go.

salem on June 8, 2012 at 1:04 PM

Dang, I’m sorry. For all of you. Seriously HATE to hear so many of these stories.

Self-employed hubby only has one ‘employee’ and that’s me.
He pays me in beer. We good widdat.

pambi on June 8, 2012 at 12:59 PM

We tried our best to hold out. Owners (including myself) took massive pay cuts to keep our 4 employees on for as long as we could. Granted we are in the worse profession imaginable – Architecture. A beer sounds good right now!

oceansidecon on June 8, 2012 at 1:04 PM

Where in the heck are the 0bama sycophants now?

cozmo on June 8, 2012 at 1:04 PM

Wow.

I am certainly no fan of the President, but didn’t see this one coming, a whole new level of cluelessness.

A theme bubbling Thu and early Fri was that this was a bad week for the President, but that was before this little gem.

Maybe just the icing on a bad week cake?

Can I get ice cream with that?

Again, wow.

Grinch on June 8, 2012 at 1:05 PM

LMAO.

He’s not even trying to hide his contempt for the private sector anymore.

Enjoy civilian life bammie – we won’t miss ya.

Tim_CA on June 8, 2012 at 1:05 PM

this poor dude is going to really start cracking when things start to crumble (due to the NPD issue). i think we should expect a lot more of these gaffes and almost-lunatic statements and actions. its possible he may become even more dangerous. these last few months once the outcome is know, probably by late aug or so, until november are in some ways ‘scary’.

t8stlikchkn on June 8, 2012 at 1:05 PM

heh! Podhoretz beat Ed to the punch. That’s Okay Ed. Post an update with the REM tune and it’ll catch on…..

ted c on June 8, 2012 at 1:06 PM

Well, fine is Italian for end. Maybe that’s what he meant.

Akzed on June 8, 2012 at 1:06 PM

Count it!!!

-crr6

Fail.

UltimateBob on June 8, 2012 at 1:06 PM

I think the only “headwinds” problem is between our Dear Leader’s ears!

ArtVandelay on June 8, 2012 at 1:07 PM

Here is where I find myself in agreement with Peggy Noonan.

I think its a display of miserable character if Obama is simply lying and obfuscating to cover his poor performance as president in terms of economic growth and employment in the private sector.

I think its CHILLING if he actually believes what he’s saying as a result of being so insulated and inept that he actually has no idea how bad his presidency has been in terms of economic growth and employment in the private sector.

I’ve long suspected that Obama thought that he could become president and simply float through the ‘job’ as he allowed the structure of the administration to actually do the work required to lead the nation. I think he had no intention of actually living up to the presidency. He simply thought that the infrastructure already existent in the White House staff and in those ‘handlers’ who surround him, like Valerie Jarrett and Axelrod, and that multitude of ‘czars’ that he appointed, and his cabinet, would function like some perpetual motion machine and he could just take credit for those things that worked and blame ‘Washington’ or his administrative staff for those things that didn’t. This would be in complete keeping with the performance he turned in as President of the Harvard Law Review and with the back-bencher Senator who consistently voted ‘present’.

thatsafactjack on June 8, 2012 at 1:07 PM

*** snort ****

ExpressoBold on June 8, 2012 at 1:02 PM

Hey, thanks for answering my question the other night about M2RB. I had to log off and didn’t check the comments again until yesterday.

Glad to see someone answered your question about TFGP. :-)

UltimateBob on June 8, 2012 at 1:08 PM

Out of touch.(?)
Like all good liberals Obama lives in fantasy.

Speakup on June 8, 2012 at 12:54 PM

…noooo duuuuuude…he’s just hiiiiigh!
Chooooooom!

KOOLAID2 on June 8, 2012 at 1:11 PM

American CEOs disagree with the Emperor Zero:

http://online.wsj.com/article/SB10001424052748704533204575047790975524892.html

CEOs say they remain hesitant to hire, underlining the difficulty the economy faces in restarting job growth amid mixed employment news Friday.

Frank MacInnis, chief executive of Emcor Group Inc., a specialty construction and facilities services provider with 26,000 employees, has shed 4,000 workers in the last 18 months. He has no plans to hire. “We don’t think our customers are confident enough to make the kind of expenditures that will enable us to start hiring,” he says.

Obama is lying. He knows the economy is collapsing, but he cannot admit it. Doing so is an admission of his colossal failure.

http://www.businessweek.com/news/2012-06-08/ceos-lose-their-optimism-as-job-slowdown-imperils-u-dot-s-dot-growth

CEOs Lose Their Optimism as Job Slowdown Imperils U.S. Growth

Also about that recovery: The BEA had to revise their GDP calculations over 40 months before they finally revised it correctly, as reported by the Consumer Metrics Institute.

dogsoldier on June 8, 2012 at 1:11 PM

My gawd…I think he just lost the election.

Hammer this one home hard people. Everywhere. Facebook, Twitter, Google+, I don’t care.

He’s done.

GadsdenRattlers on June 8, 2012 at 1:13 PM

Obama may be insane. My son has been looking for a job for 24 months now. The Dept. of Labor says he is statistically retired or something.

pat on June 8, 2012 at 1:13 PM

thatsafactjack on June 8, 2012 at 1:07 PM

never having a real job before, and never being held accountable for anything leads to that kind of thinking. when they get around to telling the truth about this guy, its going to be almost sad. that a total empty suit was foisted upon us, at such a critical time, and “we” allowed it to happen.

t8stlikchkn on June 8, 2012 at 1:14 PM

Obama counts like by 3 year old counted pennies…she held up one, than dropped it back up in the box, then counted it again, now she had two, dropped it back in the box…she never ran out of pennies to count.

right2bright on June 8, 2012 at 1:15 PM

Bill Clinton throws this guy a life preserver, he throws it back and then hangs himself.

What an idiot.

rockmom on June 8, 2012 at 1:17 PM

I was thinking more along this hook from Hall and Oates…

You’re out of touch
I’m out of time

either orr on June 8, 2012 at 1:17 PM

This is worse than John McCain or George Bush senior. Not since Jimmy Carter has a president (or candidate for president) seemed so out of touch with reality, both economic and political.

Chuckles3 on June 8, 2012 at 1:18 PM

Amen gadsen

cmsinaz on June 8, 2012 at 1:18 PM

oceansidecon on June 8, 2012 at 1:04 PM

It’s 5o’clock somewhere !
My next cold one (first of the day, honest !) will be a toast to you & all the other heroic SBO’s as they slog thru these struggles.
Prayers for better days ahead.

*clink*

pambi on June 8, 2012 at 1:18 PM

The fact that Obama tells us that everything is “fine” shows his connection to the reality of middle America to be even more tenuous than the Anna Wintour video suggests.

I really think this should be an ad for Romney/GOP. The spot would open showing Obama one star-studded fundraiser after another. Schmoozing with George Clooney and Sara Jessica Parker. Then ask the very simple question. Mr. Obama why are you spending more time raising cash from your friends in Hollywood than you are in putting ordinary Americans back to work? Then of course the obligatory shot of a sad looking family standing in front of their foreclosed home.

Happy Nomad on June 8, 2012 at 1:19 PM

Ditto either

cmsinaz on June 8, 2012 at 1:19 PM

Obama may be insane. My son has been looking for a job for 24 months now. The Dept. of Labor says he is statistically retired or something.

pat on June 8, 2012 at 1:13 PM

M<y son was so happy, after a month of applying and interviewing he finally landed a good summer job at a top chain restaurant. He reported for his first day and was told he was only going to be getting 3 nights a week. The management said they were trying to give more kids at least a little work because they have been inundated with applications, including many from recent college graduates who can't find work.

rockmom on June 8, 2012 at 1:20 PM

The private sector is doing just fine.

Obama has increased spending less than any president in the last 60 years.

The White House is looking for the one who leaked national security secrets.

The check is in the mail.

The Rogue Tomato on June 8, 2012 at 1:21 PM

Update: Jim Geraghty (and others on Twitter) are calling this Obama’s John McCain moment. In case you’re wondering … that’s not a good thing. In 2008, Obama attacked McCain for this statement:

The Obama campaign asked, “How can McCain fix our economy if he doesn’t know it’s broken?” That question sure sounds relevant to the president today.

Perhaps even more so.

Oh, please, please, RNC….. make a 15 second ad out of this! It’ll be the easiest and most effective thing you will ever do in this campaign.

UltimateBob on June 8, 2012 at 1:21 PM

this is the Jimmah Carter cardigan sweater moment…..

June 8, 2012

————————–THE END.

ted c on June 8, 2012 at 1:21 PM

write the political epitaph, Edward Q. Morrissey. …..

/assignments.

ted c on June 8, 2012 at 1:22 PM

Obama counts like by 3 year old counted pennies…she held up one, than dropped it back up in the box, then counted it again, now she had two, dropped it back in the box…she never ran out of pennies to count.

right2bright on June 8, 2012 at 1:15 PM

Except that instead of pennies, he uses trillion dollar bills.

UltimateBob on June 8, 2012 at 1:23 PM

It’s 5o’clock somewhere !
My next cold one (first of the day, honest !) will be a toast to you & all the other heroic SBO’s as they slog thru these struggles.
Prayers for better days ahead.

*clink*

pambi on June 8, 2012 at 1:18 PM

Thanks pambi! A little early out here on the West for a first cold one…although the office fridge is stocked. Worse part of all this…as I boarded a puddle jumper for a flight to a job site yesterday, the plane was parked a few hundred feet away from Air Force 1. I got a chill down my spine as I walked past that beautiful bird and what it represents. Then a feeling of disgust hit me as I came to terms with why it was there and who it carried.

oceansidecon on June 8, 2012 at 1:25 PM

2nd that ultimate bob

Get crackin. RNC

cmsinaz on June 8, 2012 at 1:25 PM

leonid breshnev, lenny bruce and lester bangs, birthday party cheesecake, jelly bean, boom.

t8stlikchkn on June 8, 2012 at 12:54 PM

We need a Lenny Bruce today that is brave enough to make jokes about the joke in the White House.

slickwillie2001 on June 8, 2012 at 1:26 PM

Maybe he picked the wrong week to stop smoking choom.

Sir Napsalot on June 8, 2012 at 1:26 PM

“The private sector is doing just fine.” Yes, we don’t need to worry about that. Instead, we need to bolster the govt sector.

anotherJoe on June 8, 2012 at 1:26 PM

Obama-ism: The private sector is doing just fine, and so Americans need to cough up more tax revenue to help government solve its manpower and fiscal problems.
Walker-ism/Christie-ism: It’s government that has lived too well, and needs to pare back so as not to worsen the difficulites of the private sector.

If November is fought out along these lines, I like our chances.

Chuckles3 on June 8, 2012 at 1:28 PM

OOTY. Candidate

Please ED

cmsinaz on June 8, 2012 at 1:29 PM

But we were assured, assured that he was the most eloquent, intelligent man ever to run for office…

chimney sweep on June 8, 2012 at 1:31 PM

Update: Jim Geraghty (and others on Twitter) are calling this Obama’s John McCain moment.

Please let it also be his Howard Dean moment!

I was on travel all this week and unable to be up on HA to commiserate with other conservatives over the massive win that the unions/Democrats had in Wisconsin on Tuesday. We must not let such defeats slow down the momentum that I truly sense is behind Romney’s campaign. ;0

Seriously, the more Obama talks the more Romney gets in polling numbers and campaign contributions. Even supposing that this was all GWB’s fault, exposing the jug-eared Kenyan as totally out of touch with reality is not the messaging his campaign was going for when they trotted him out this morning. And the only reason they did that was that there was some “not bad” economic news he could claim proves that he secretly was an economic genius or something.

Happy Nomad on June 8, 2012 at 1:32 PM

oceansidecon on June 8, 2012 at 1:25 PM
Where was yer can of spray paint when you needed it ??
Argggh !! ;-)

Y’know, I keep refreshing sites every few mins …. IN ANTICIPATION of the Romney team’s new ad, using this !!
Now, that’s a feeling I NEVER had with McCain !!!
Sorta fun !!! ;-)

pambi on June 8, 2012 at 1:34 PM

I got a chill down my spine as I walked past that beautiful bird and what it represents. Then a feeling of disgust hit me as I came to terms with why it was there and who it carried.

oceansidecon on June 8, 2012 at 1:25 PM

Michelle had a yen for tacos?

Happy Nomad on June 8, 2012 at 1:34 PM

OOTY. Candidate

Please ED

cmsinaz on June 8, 2012 at 1:29 PM

Heck, that just jumped to 0bamaturism of the year.

The competition, at this point, will be for second place.

cozmo on June 8, 2012 at 1:35 PM

Michelle had a yen for tacos?

Happy Nomad on June 8, 2012 at 1:34 PM

Yes…and zero had a yen for some Malibu pesos. AF1 was at Point Magu.

oceansidecon on June 8, 2012 at 1:36 PM

Y’know, I keep refreshing sites every few mins …. IN ANTICIPATION of the Romney team’s new ad, using this !!
Now, that’s a feeling I NEVER had with McCain !!!
Sorta fun !!! ;-)

pambi on June 8, 2012 at 1:34 PM

Exactly. I am so happy to see how Mitt responds so quickly and hard. It is so fun to watch. This is not the McCain campaign for sure.

oceansidecon on June 8, 2012 at 1:38 PM

pambi on June 8, 2012 at 1:34 PM

oceansidecon on June 8, 2012 at 1:38 PM

It begins

cozmo on June 8, 2012 at 1:40 PM

Good point cozmo

cmsinaz on June 8, 2012 at 1:40 PM

It begins

cozmo on June 8, 2012 at 1:40 PM

Excellent. And from WaPo! This one is going to hurt.

oceansidecon on June 8, 2012 at 1:42 PM

He only thinks it is head winds because he hasn’t removed his head from his gluteals in 3.5 years.

chemman on June 8, 2012 at 1:44 PM

About as fine as a zombie apocalypse.

KrebsCyclist on June 8, 2012 at 12:46 PM

That would count as full employment done for free.

Don’t give these people any ideas…

ajacksonian on June 8, 2012 at 1:48 PM

Is it possible for Obama to fizzle out too soon? Could the Dems dump him in a brookered convention in September if Obama tanks early?

AverageJoe on June 8, 2012 at 1:49 PM

AverageJoe on June 8, 2012 at 1:49 PM

And be called racist? I don’t think so.

0bama won’t pull an LBJ. Its all about the 0

cozmo on June 8, 2012 at 1:51 PM

Well the more desperate Obama gets, the more worried I am about a “manufactured” disaster or emergency.

AverageJoe on June 8, 2012 at 1:55 PM

ThePrimordialOrderedPair on June 8, 2012 at 12:59 PM

It is far worse than that. By not having a budget they have kept that 860 billion in spending in the continuing resolutions every year. It has literally been 3.4 trillion in stimulus spending over that period and all we get is the highest sustained unemployment since the depression and the lowest workforce participation in a generation.

chemman on June 8, 2012 at 1:55 PM

Well the more desperate Obama gets, the more worried I am about a “manufactured” disaster or emergency.

AverageJoe on June 8, 2012 at 1:55 PM

I think he’s had that planned from the start.

My hope is that he gets so desperate that he’ll ABANDON the idea of a manufactured crisis.

The Rogue Tomato on June 8, 2012 at 1:57 PM

Brand Spankin’ New RNC ad: “Doing Fine”

Flora Duh on June 8, 2012 at 1:59 PM

Is it possible for Obama to fizzle out too soon? Could the Dems dump him in a brookered convention in September if Obama tanks early?

AverageJoe on June 8, 2012 at 1:49 PM

As cozmo says, can’t happen. The proggies’ own race hucksterism has come back to bite them. Little Bammie is untouchable at this time.

We will see more like Clinton that realize Governor Romney will be better for America than four more years of the jackass, if only to recharge the producer class before the pillage can resume.

slickwillie2001 on June 8, 2012 at 1:59 PM

Obama’s statement is so stupid I can’t stop tabulating all of reasons why.

If the private sector is “doing fine”, why do we have over 8% unemployment “officially”, and at least 12-15% unofficially?

What President Doofus probably really means is the “rich” people and corporations are doing fine.

Duh. Most “rich” people did fine in the Great Depression, too. That’s one of the main reasons why people want to be “rich”, you moron. The higher your net worth the less you are effected by economic downturns, unless you consume and invest like Mike Tyson or many of the now broke Hollywood has-beens.

Obama thinks those “rich” people in the private sector who are doing fine are being selfish. They are not paying their “fair share” and those that own businesses are not hiring more people when they could. That’s why big government must step in, to tax them more and create government supported jobs.

Thinking like a socialist is easy once you get the hang of it.

As for corporations doing “fine”, they are now profitable because they downsized. Most corporations are projecting little if any growth, plus they have no idea how much more goverment will “ask” them to “contribute” in the future, so they are not hiring. However, Comrade Chairman Obama does not seem to understand this.

farsighted on June 8, 2012 at 2:07 PM

Inside Obama’s brain: The private sector must be doing fine. Why, private sector folks are spending $38,000 to have dinner with me!

Buy Danish on June 8, 2012 at 2:16 PM

I gotta go with Rush for the best explanation to Obatty’s irrational statement: Since Obama’s objective was to ruin the private sector, then bingo, with these jobs numbers and the suppressed GDP growth, he’s succeeded because to him this means he’s inching ever closer to achieving his objective to destroy capitalism.

stukinIL4now on June 8, 2012 at 2:26 PM

just how “fine” is the private sector doing, anyway?

With this inept and conniving thugocracy, polygraph manufacturing should be skyrocketing.

hillsoftx on June 8, 2012 at 2:40 PM

Private sector job growth is weak, but the public sector has been contracting for some time, and this is contributing to the poor employment reports. The overall problem continues to be a sluggish economy (i.e. lack of demand), and it is highly unlikely that the politicians will make any significant changes to fiscal policy before the end of the year. Besides, it is not clear that fiscal policy will do much to get us out of this rut anyway. Comparisons to the 1980s economy are not really valid, since today’s economic situation is completely different than it was 30 years ago.

TouchdownBuddha on June 8, 2012 at 2:52 PM

http://data.bls.gov/timeseries/LNS12300000

June 2009? 59.4% of Americans over 16 had a job.

May 2012? 58.6% of Americans over 16 had a job.

Yep, doing fine, don’t mind us. Maybe if we stay on this “RIGHT TRACK” we can have an even smaller percentage of Americans with jobs… good news.

gekkobear on June 8, 2012 at 2:53 PM

Obama probably thinks Solyndra is “doing fine”.

farsighted on June 8, 2012 at 2:55 PM

oceansidecon

DaBoss is home early, so consider this a DOUBLE toast !
*clink*

;-)

pambi on June 8, 2012 at 3:05 PM

oceansidecon
DaBoss is home early, so consider this a DOUBLE toast !
*clink*
;-)
pambi on June 8, 2012 at 3:05 PM

Excellent! Cheers to you and the boss! Just slipped out to the pub myself. Enjoying a very tall Stone IPA.

oceansidecon on June 8, 2012 at 3:30 PM

Oblahmma backtracks…

pambi on June 8, 2012 at 3:40 PM

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