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The private sector is not doing fine, Mr. Obama
Fox News ^ | June 11, 2012 | John Lott

Posted on 06/11/2012 9:20:52 PM PDT by richardb72

“The private sector is doing fine. Where we're seeing weaknesses in our economy have to do with state and local government,” President Obama claimed on Friday. His solution to fix the public sector was more government spending.

When people started screaming, Obama clarified his remarks and said “It’s absolutely clear economy is not doing fine,” but he just couldn’t bring himself to disown his statement about the private sector generally doing “fine.” His clarification still asserted that there is “good momentum in the private sector.” But private sector employment growth has fallen in each of the last four months, reaching a pitiful 82,000 in May.

President Obama is also wrong about his other claim that state and local governments are doing poorly relative to the private sector. . . .

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Government
KEYWORDS: economy; jobs; johnlott; obama; stimulus; unemployment

1 posted on 06/11/2012 9:21:07 PM PDT by richardb72
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To: richardb72

Actually Obummer was referring to his announcement on Gays:
“The private sector is doing fine”


2 posted on 06/11/2012 9:28:12 PM PDT by bunkerhill7 (Hector has a sector????? what??`?? Who knew?)
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To: richardb72

Before I say something that is obviously racist, Juan Williams was on BOR tonight mambling about this and making it clear that he has no better comprehension of what constitutes the “private sector” than his idol, Obama, does. It is always entertaining to watch that democrat apologist twist and turn alongside the lovely Mary Katherine Ham....

Juan/Obama seem to think that whenever a business owner anywhere make a couple of dollars, that means things are “fine”. But of course a teacher or public unionized municipal worker who milks the system for every dime is “not fine”. They’re both nutz.


3 posted on 06/11/2012 9:37:52 PM PDT by bigbob
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To: richardb72
“The private sector is doing fine we must help the government sector"

I can only hope this was some teleprompter prankster. He must be hysterical!

If the teleprompter told Obama, "I supports more federal funding for coco puffs", he'd repeat it.

4 posted on 06/11/2012 9:57:58 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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