ONTD Political

  Republicans wasted little time on Friday hammering Obama for his remark. GOP presidential candidate Mitt Romney asked at a campaign event in Utah if the president was "really that out of touch."
  

President Barack Obama, walking back his assertion at a press conference the "private sector's doing fine," acknowledged Friday that "it is absolutely clear that the economy is not doing fine."



"That's why I spent yesterday, the day before yesterday, this past week, this past month, this past year talking about how we can make this economy stronger," Obama said in the Oval Office. "The economy is not doing fine. There are too many people out of work. The housing market is still weak, there are too many homes underwater."

In the press conference Friday morning, Obama touted job growth in the private sector of the economy, describing the public sector - state and local governments - as the weight dragging the economy.

"The truth of the matter is that, as I said, we created 4.3 million jobs over the last two, 27 months, over 800,000 just this year alone. The private sector's doing fine," Obama said. "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 flexibility as the federal government in dealing with fewer revenues coming in."


source

awfulbliss 9th-Jun-2012 09:05 pm (UTC)
Job numbers without any sense of context, proportion, etc. are utterly useless. The private sector is not "fine" and Obama was dumb for saying it. Ridiculous gaffe that the Romney campaign will be putting into ads relentlessly. Reminds me of when McCain talked about the economy not being bad when Lehman Brothers was collapsing.
entropius 9th-Jun-2012 09:33 pm (UTC)
Well, Obama's kind of in a catch-22.

He's got to convince people that the economy is good and that they have him to thank for it.

But then he's got to convince people that they are in trouble and that only his policies can help them out of it.

This is no condemnation of Obama, since everybody running for president does the same thing. But it's telling how little "what the economy really is like" matters in the rhetoric.
awfulbliss 9th-Jun-2012 09:48 pm (UTC)
I don't think he'll be able to do any of that. A lot of the people voting have experienced three (Reagan, Clinton, GWB) -- two at the very least -- economic downturns and recoveries prior to Obama. These voters know what a robust recovery feels like and this just isn't one, not even close. It's an even more bizarre statement in light of an incredibly bad jobs report that completely missed expectations. The public sector job loss narrative, regardless of whether it has merit or not, isn't effective and I predict they will drop it eventually.


Edited at 2012-06-09 09:49 pm (UTC)
mirhanda 10th-Jun-2012 08:06 pm (UTC)
I'm not even sure you can call this a recovery. A lot of people have been out of work so long they aren't even counting them as unemployed anymore even though they are so while the numbers might look to be improving, they aren't really.
This page was loaded Jul 22nd 2014, 9:21 am GMT.