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.