Free Markets, Free People

Obama: The private sector is doing fine

When I first heard this I thought, “I want what he’s smoking”.  Because you have to be high on something and totally unaware of reality to make a statement like that.

So, I thought, it has probably been taken out of context or shortened or something, because even understanding that it is being attributed to Obama, no one would be that out of touch. 

Giving him the benefit of the doubt I waited until I could get a transcript of the whole exchange.

Boy was I wrong.  Not only can someone be that out of touch, it was indeed Obama:

Question: What about the Republicans saying that you’re blaming the Europeans for the failures of your own policies?

President Obama: The truth of the matter is that, as I said, we created 4.3 million jobs over the last 27 months, over 800,000 just this year alone.

The private sector is doing fine. Where we’re seeing weaknesses in our economy have to do with state and local government. Oftentimes cuts initiated by, you know, Governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don’t have the same kind of flexibility as the federal government in dealing with fewer revenues coming in.

And so, you know, 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 and how do we help the construction industry? Because the recipes that they’re promoting are basically the kinds of policies that would add weakness to the — to the economy, would result in further layoffs, would not provide relief in the housing market, and would result, I think most economists estimate, in lower growth and fewer jobs, not more.

If you’ve ever wondered what word salad looks like, feast your eyes.

The way back to prosperity is creating jobs in the government sector?  More spending?  I’m sorry, that’s just ignorant.  The whole answer is incoherent.  Don’t they know better than to let him loose without his teleprompter?

Nick Gillespie is as stunned as anyone else:

The stammering, halting, tentative delivery of Obama strikes me as symptomatic of a whiskey priest who’s dying for a drink right after saying Mass. He doesn’t believe what he’s saying but also doesn’t have a clue as to how to move forward or address his failings. Yes, the private sector is doing fine, if by fine you mean pretty goddamned awful.

Oh, and fyi, it looks like the fight is going to be a little different this time around.  Already out?  An ad with the remark.



Twitter: @McQandO

24 Responses to Obama: The private sector is doing fine

  • The private sector players who could run for cover…were mobile…are doing alright.
    But the private money…from all over the globe in the hands of people who have traditionally and historically found America a great place to invest…is finding THIS place a good place to avoid.
    THAT will continue, until Obama is gone.  Period.

  • I sort got the feeling that Obama had just come from a campaign finance meeting.   Pumping up state and local government in an election year is always a great way to channel money to the GOTV efforts for Democrats.
    If that isn’t it, the man is delusional.   Peggy Noonan has a piece today about Obama embrace of the meme that he wasn’t a big spender.  The take away .. “the idea that he knows so little about the effects of his own economic program that he thinks he really is a low spender.”  Definitely delusional.

  • This didn’t take long ..

    “It is absolutely clear the economy is not doing fine,” he said in a brief appearance before cameras in the Oval Office following a meeting with Phillippine President Benigno Aquino.
    “That’s the reason I had a press conference,” Obama continued. “That’s why I spent yesterday, the day before yesterday, this past week, this past month and this past year talking about how we can make the economy stronger. The economy is not doing fine. There are too many people out of work. The housing market is still weak, too many homes underwater and that’s precisely why I asked Congress to start taking some steps that can make a difference.”

    • But he didn’t repudiate what he said! His gaffe, which I think indicated what he really thinks is “the private sector is doing fine”. In his supposed walkback, he says “It is absolutely clear the economy is not doing fine.”

      In his mind, both are true. His buddies in the leftist-wet-dream government sector are hurting, as states, counties, and cities come to grips with reality. But, to him, that’s the most important part of the economy. So, yeah, they’re suffering, but those fat cats that he wants to hit for ever more money to fund the public sector are and always will be fine until the day they are driven out of business.

  • My fears have officially been confirmed.  The color of the sky sky in Obama’s world is completely different than what we mere humans see!!

  • This has been an entertaining election cycle.

    We are still awaiting the Supreme decision on Obamacare.

    “Fast and furious isn’t fast and furious” Holder is quite interesting.

    The national security leaks from the WH are even upsetting to Feinstein.

    I kinda expect a fast meltdown of Obama’s campaign. It already seems as if it is beginning to fall apart. At some point the MSM may decide to try to save themselves and throw Obama under the bus, and at that point it is over.

    • That’s my read too.   Toto is pulling back the curtain and OZ the humbug is about to be revealed.

  • Baracky must’ve realized that Romney is gonna make him eat s*it for that remark, he already rushed to the podium to walk it back

  • I just read in USA today that Cuba cut 20% of its government employees and loosened regulations on free enterprise.
    Meanwhile Obama’s plans include hiring MORE government workers and adding regulations

    • Hey, his socialist brothers need jobs ya know….where do you think those unemployed government working Cubans are going to go?

  • And, in RealVille, in some respects the private sector is doing WHAT MARKETS DO, just fine, IN SPITE of all Obama can do to cripple it…
    “Peak oil” is one of those terms that can now only be uttered by pure idiots…or in derision of pure idiots.

    • Like our own pontificating professor of puerile political pish-posh.

      • eZZZZZZZZZZackly….

      • … who somehow doesn’t show up around here when events are proving what an imbecile he is. Like now.

        But he’ll find something to crow about at some point – his narcissist personality demands an audience to lecture down to. So let’s enjoy the lack of pompous imbecility while it lasts.

  • Private sector profits are up 11%; the stockmarket is about 50% higher than when Obama took office.  Not bad.

    • U6 unemployment 14.3%, worker participation rate at a 30 year low, food stamps up 100%, US credit rating downgraded and debt larger than the country’s GDP since Obama took office.


    • Hey, Tad CF, is it true you get paid to visit various websites and put pro-Obama comments on as many articles as you can?
      I’m wondering if I could get away with being a mole in your type of organization.  I’d use all the dopey lines I see people like you writing on the web, pretend to be a bit dumb but arrogant (like I think I’m much smarter than those Neanderthal Republican types), and register to get paid to write comments like you.  Then, not only can I get a bit of insider information, but I can waste their money.

      • I can’t figure out which is worse: being venal enough to do it for pay, or so unmoored from reality that no pay would be needed to post such ignorant drivel.

        On the other hand, though, it’s hard for normal people to get inside the mind of a troll. So maybe we just don’t understand the pleasure gained from these hit-and-run postings of distorted talking points. Sometimes it’s impossible to tell whether a troll really believes what he/she posts. Even for the troll.

    • One small problem Mr. Tad.
      Even Obama doesn’t agree with your assessment….
      “Obama’s comment —that “the private sector is doing fine” — immediately became a flashpoint for Mitt Romney and congressional Republicans, who quickly attacked the president for being out of touch about the state of the economy.
      Within hours, he was backtracking, telling reporters gathered in the Oval Office for a photo spray for his meeting with the president of the Philippines that “it is absolutely clear the economy is not doing fine.”

      Read more:

      • You’re a racist, too…

        • I was hoping Tad would splain that the private sector wasn’t actually in the economy so that the statement remained accurate.