The remark reveals the government-centered nature of Obama’s thinking. He just doesn’t give private enterprise very much thought, particularly when it comes to all the ways government can muck up the free enterprise system. To Obama, the private sector is always “doing fine,” so it really doesn’t matter if the public sector overloads it with too many taxes and too much regulation. The private sector? Oh, you means guys like Bain Capital who like to fire people.

No wonder there’s been so little sense of urgency by the Obama White House to cut the sky-high corporate tax rate or so little consideration given to the impact on small business of letting the Bush tax cuts expire. The private sector is “doing fine,” after all. Unintended consequences? What are those?…

You know who really is doing fine? Washington. Federal spending is at record levels. Of course, it’s easy to be “doing fine” when you can just keep taxing the private sector. As Ben Bernanke joked yesterday, “A trillion here, a trillion there …”