Tuesday, June 12, 2012

The private sector is doing fine, Mr. President? Really?

"The private sector's doing fine."
Last Friday, Barack Obama confirmed yet again just how out of touch he is with what’s happening in America when he remarked that the private sector is doing “fine.” Considering the country’s 8.2% unemployment rate and the fact that 23 million Americans are unemployed, underemployed, or have stopped looking for work, it is hard to imagine that anyone, let alone the President, could actually believe that.

Even arch-liberal economist Paul Krugman slammed President Obama’s remark about the private sector on CBS’s “This Morning” on Monday. Krugman admitted that it “was an unfortunate line.”
“The president bungled the line. The truth is, the private sector is doing better than the public sector, which is not well enough.”
Uhh, yeah. Sure, Paul. He bungled the line. More like he let slip how he really thinks. Obama's remarks only highlight his philosophy about the economy, which reflects a belief that true economic growth is driven by the government, not the private sector.

Meanwhile, while the President is lamenting that the public sector isn’t growing fast enough, his policies continue to thwart economic growth and have failed to put Americans back to work. President Obama wants to point fingers at Republicans when confronted with the continuing economic downturn, but he has only himself to blame. The truth is that he had a filibuster proof majority in the Senate and the House on his side. He got his "stimulus" bill, which didn't stimulate anything. He got his health care law. He got almost everything he wanted. From new regulations on job creators to Obamacare, it seems quite clear that the President needs to take some responsibility for the miserable state of the economy.

Instead of providing the leadership he promised when he was campaigning in 2008, President Obama’s comments simply reaffirm how out of touch he is with those Americans who continue to suffer from his poor stewardship and broken promises. Perhaps he should start to acknowledge that the facts point to an economy that is a far cry from “fine.” You know you’re in trouble when even The Plain Dealer is mocking him on the economy:

Folks, this election hinges on Ohio. Nobody's vote counts more than ours. Allowing Obama to win Ohio again simply cannot be an option. No matter who you supported in the primary, please get involved at some level to help Mitt Romney put Ohio back in the red column. Millions of people around the country are counting on us.

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