Obama: 'The Private Sector Is Doing Fine' What Do You Think?

Did Obama make a major mistake responding to Republican criticism about the economy under his leadership?

Responding to Republican criticism of his leadership, President Obama told reporters:

"The truth of the matter is," Obama responded, "we've created 4.3 million jobs over the last 27 months, over 800,000 just this year alone. The private sector is doing fine."

The quote is from an article by the Los Angeles Times today, where Obama made the statement as he was urging European leaders to action to solve their debt crisis.

So what do you think? Did the president misspeak or is he out of touch with million of Americans who are strugling with the economy? More to the point, do you support his economic policies or that of the Republican leadership?

Laura Calderon June 08, 2012 at 10:30 PM
David, I did not see the option for moving to the moon and leaving all this lovely mess behind. I am going with that one.
David Ryan June 08, 2012 at 11:49 PM
Laura, someone told me there's a Norwegian company that is financing a trip to Mars by making it a reality TV show...
Karyl Hendrick June 09, 2012 at 03:03 PM
IF I understand the context correctly (note the "if"), what he said was that while we still have MORE WORK to do in the private sector, it's doing fine COMPARED TO the public sector. Context is important in evaluating quotes (except to political opponents on both sides!), as it is in looking at and evaluating progress in the economy (where did Obama start, how big was the problem he inherited, how can we know what would have happened had he not followed the course he did, and how realistic were and are our expectations for full recovery - personally, I'm looking for sometime after 2014 before there's any major turnaround, and that may be early). I realize that this is all just words to people who continue to struggle and hurt, like several of my own dear relatives. Nevertheless, moving to the moon? Tempting . . . definitely tempting.
Anna Moscarelli June 10, 2012 at 03:16 PM
Barry lives in La-La Land! 4.3 Million Jobs? What? Give me a break!
Garry Rowe June 11, 2012 at 01:38 PM
Anna, it is true. However, they were mostly in Republican led states. Those states improved in spite of the current administration's efforts.


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