Obama flops with ‘private sector is doing fine’

Oh, boy. President Obama and his supporters will be hearing this line for a while:

“The private sector is doing fine.”

Obama made that remark during a press briefing today about the U.S. and European economies. Now, he and his supporters will almost certainly counter that the line is being taken out of context. Via ABC News’ Jake Tapper, here is that context:

“We’ve created 4.3 million jobs over the last … 27 months, over 800,000 just this year alone,” the president said, “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 of the federal government in dealing with fewer revenues coming in.”

Michael Scherer of Time notes that Obama and the Democrats did not give John McCain the same benefit of context when they pilloried him for his September 2008, mid-financial-panic comment, “… the fundamentals of our economy are strong.” So, to a large degree, turnabout will be fair play.

But let’s give the president the benefit of context. Is he right that the “weakness in our economy” is that Washington isn’t bailing out state and local governments fast enough?

Obama cast the private sector’s alleged strength in the terms of job growth. So, let’s look at that on the public-sector side.

For starters, let’s consider that the states and locals that are cutting jobs, where they are cutting them, because they don’t have the money to fund them. With annual deficits over $1 trillion a year, Washington doesn’t have the money to fund them, either. What Obama is proposing is to borrow more money from China to pay for civil servants in Sacramento (data for April, the latest available state-by-state, show almost a quarter of government job losses were in California).

But even if one is prepared to go along with this bailout, is it really the cure for what’s ailing us?

Federal data for last month show state and local government employment fell by 111,000, or 0.58 percent, from May 2011. Had those 111,000 people still been in their jobs — and here we’re going to give Obama the benefit of the doubt and assume none of them found employment elsewhere, which is a rather big assumption — the nation’s employment level would have been 0.08 percent higher. The national unemployment rate would have been 8.1 percent, instead of the actual rate of …

… wait for it …

… 8.2 percent.

For those 111,000 people and their families, those layoffs were undoubtedly terrible. But as an explanation for the “weakness in our economy,” and as a possible target for efforts to spur economic growth, the reduction of state and local government employment is a complete nonstarter.

Next excuse?

– By Kyle Wingfield

266 comments Add your comment

HDB

June 8th, 2012
3:57 pm

This proves that government spending should NOT be cut back in economic downturns……

Excuser and chief failure

June 8th, 2012
4:10 pm

oblamer at it again. That old hostile Congress. Those old Europeans are not cooperating. Then there is that old tsunami, the greedy old Wall Street crowd that isn’t paying their fair share and them old oil speculators that can’t be regulated.

Do you think next time we can at least elect someone that can take responsibility for the things that go wrong when they are President and not take full credit for the successful deeds done by other unknown, unmentioned by their name’s, BRAVERY and ACCOMPLISHMENTS!?

Oblamer killed bin Laden your lame-”A” donkey butts!

Apache

June 8th, 2012
4:16 pm

What world does our President live in? I work in the private sector and it’s not doing fine, even by a long shot. People are nervous for their jobs and frustrated with our government spending.

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
4:17 pm

HDB

No, this proves, to borrow from Mr. Clinton, you shouldn’t put an Amateur in charge of the USA.

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
4:21 pm

One silly example, I want some fresh peaches, not grocery store ammunition peaches. I can’t find a produce stand that is still operational. I had two I depended on. One advertised for miles on I-75 for the past ten years or so. Out of business, along with another further up the road, that had been in business for years. Fine, my patootie!

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
4:25 pm

Saw where Bookman was getting into election mode with the global warming alarmist screed again today. I say it is warmer this year, because of all the hot air leaving the Oblamer reelection campaign balloon.

joe

June 8th, 2012
4:27 pm

Just another example of how out of touch he really is…Nov can’t get here quick enough…

Martin Williams

June 8th, 2012
4:28 pm

Kyle, pardon me but how many jobs did Georgia W Bush created in 8 years? You all never wrote about it because the tax breaks you all getting was creating millions of jobs. 95% of our so called representatives in Washington DC are all millioniers and that goes for both parties. Therefore, they all support the tax break and even want to make it permanent. I hope they do and by 2016 the un-employment rate will be in double digit. I believe the private sector is doing just fine because most of the un-employment is created at State level. GOP governors in the nation are cutting spending. The furloughs for teachers and other State employees. We Americans kind of have our thinking caps off as the GOP smart a……..s keep telling us tax breaks will create jobs. Ten plus years and were are the jobs? I hope Romney wins and continue to give the rich more tax break and the result will be worst.

claytondawg

June 8th, 2012
4:29 pm

This old guy has stated over and over that the electorate in our country either can’t or isn’t willing to vote for the correct candidate.

MrLiberty

June 8th, 2012
4:35 pm

“and who don’t have the same kind of flexibility of the federal government in dealing with fewer revenues coming in”

Meaning the states don’t have the ability to print money out of thin air, thus devaluing the value of every dollar in circulation, destroying savings, and undermining the economy like the US government and its criminal friend the Federal Reserve can.

Great solution turd head. How are you going to explain to everyone why the dollar collapsed???

Oh, and by the way, I condemn every president (except Harding) since the Fed was founded for spending more money than the govenrment could afford.

Michael H. Smith

June 8th, 2012
4:39 pm

Actually this June has been cooler so far than it was this time last year Rafe, when temps were in the ’90s from June until into mid September. Comrade bookman should find a hotter spot on the globe to write his hot air column. Oh and Father Bookman can take all of the resident AJC blog marxist with along him to Bookmantown, Guyana.

Don’t worry Libs there will be plenty of Kool-aid to go around. Utopia awaits on the other side.

Rick in Grayson

June 8th, 2012
4:54 pm

Obama is an amateur and in way over his head. There are already many, many jobs bills passed by the House that lanquish in the Democratic controlled Senate!

Obama wants a jobs bill for his union buddies: construction workers, teachers, firemen, and police. Wasn’t that the premise of the huge stimulus (jobs) bill passed a couple of years ago? How did that work out? Each job cost US taxpayers roughly $250,000 each! He didn’t even restrict those jobs to US citizens and legal residents. Those jobs were created using money borrowed from China and we continue to pay interest on that debt.

Obama says he created 4.7 million jobs in the last 27 months…he didn’t say that he allowed 3.7 million NEW legal immigrants into the US during that time period…that doesn’t even count the illegal aliens in our country. With 8-10 million US citizens without jobs and some of those collecting unemployment checks why doesn’t he shut legal immigration until US citizens have jobs to support their families?

Obama is traveling to all the “swing” states and hardly spends any time leading this country. Maybe that is actually a good idea since he is hardly a leader!

Eric Holder the US AG, continues to plead ignorance of the facts on the Fast and Furious operation! You would think that after several appearances before Congress, he might actually prepare for the questions being asked of him. Like his boss Obama, Holder is another bald-faced liar! This is the “transparency” that Obama promised from his administration?

Where is the “hope and change” he promised? Obama made many promises but didn’t make good on many. Although he did cut the deportations of illegal aliens by executive order. Nice to know that we continue to have to support illegal aliens with our tax dollars. Hate to see a President of the US put the interests of illegal aliens before those of US citizens and legal residents.

Obama and the Democrats forced the ACA/Obamacare down the throats of US citizens. It is not supported by the majority of US citizens and will increase healthcare costs. It didn’t seem like the US Supreme Court thought the law was even constitutional, but we should get a ruling on that soon.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:02 pm

Once again the Idiot Obozo demonstrates he knows nothing about the private sector.

td

June 8th, 2012
5:03 pm

Martin Williams

June 8th, 2012
4:28 pm

“Kyle, pardon me but how many jobs did Georgia W Bush created in 8 years?”

What was the unemployment rate during the Bush years? You can not create jobs when you are at full employment (when the unemployment rate is under 5% then that is considered full employment). Bogus lib argument.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:07 pm

Martin Williams: Kyle, pardon me but how many jobs did Georgia W Bush created in 8 years?
——————

According the the BLS, the number of jobs in the U.S. in January of each year:

2001: 132 million
2009: 134 million
2012: 132 million

So, Our President Bush created two million jobs, and Obozo destroyed them.

Hope that helps.

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
5:10 pm

“The private sector is doing fine.”

SERIOUSLY!?!?!?

Notice how he also is now saying that he “created” 4.3 million jobs, when the meme was “created or saved” just a few months ago (when people were calling him out on the lie about creating jobs).

Will this clown of a President ever tell us the truth?

Liberal Pariah

June 8th, 2012
5:11 pm

Even though Obama is in over his head, he’s not a dummy. He is setting the stage for another bailout (stimulus) directed to the states to give the public sector union folks more money to solidify their vote for him.
I never thought that I would wish that Hillary had gotten elected :-)

kelly

June 8th, 2012
5:12 pm

Kyle, can you not be a partisan hack just once in a while? What does McCain’s statement have to do with Obama’s? I was alive then, and I remember what was said and the context. McCain said the fundamentals of the economy were strong when we were on the brink of collapse: that’s out of touch. Obama said the private sector job situation was doing fine compared to the public sector. That’s true. If public sector employment was at comparative levels as the private sector, the unemployment rate would be well below 8%.

My real beef with you is that you seem to go out of your way to put a negative spin on everything the President does. I have the same beef with Mitt Romney. When asked about what grade he would give the President so far he replied, an F across the board. I’m sorry, that’s just not credible. I would take Romney more seriously if he seemed more thoughtful in his response. We can all take shots at the President, and I have my problems with him too. But to deny ANY acheivements is to be disingenuous. Bin Ladin is dead and GM is alive, to name two.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:16 pm

Bin Ladin is dead and GM is alive, to name two.
—————–

Yeah, that’s a lot for three and a half years.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:20 pm

(and it’s a good thing GM sells cars other than the Volt)

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
5:22 pm

“I would take Romney more seriously”

No you wouldn’t, kelly. Not in this lifetime.

ByteMe

June 8th, 2012
5:23 pm

The private sector is doing fine. Job losses continue in the public sector, but the private sector is showing huge profits.

… and that’s what the President said, if Kyle were honest enough not to pull a line out of context.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:27 pm

If you think the private sector is doing fine, you might check out the latest survey of consumer sentiment or the polls on right track/wrong track.

Or you might be interested in how Idiot Obozo clarified his ignorant remarks: “It is absolutely clear that the economy is not doing fine.”

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:28 pm

Moron: “There are too many people out of work, the housing market is still weak, and too many homes are under water”

The Fresh Prince of Bill Ayers

June 8th, 2012
5:29 pm

If O’d!psh!t ever showed up on a Bugs Bunny cartoon, Bugs would say “what a maroon!” He has to say the private sector is doing fine, since his laser like focus is on his next fundraiser. Time to flush this turd!

I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

June 8th, 2012
5:31 pm

I believe I’ll borrow a favorite from Ronnie Raygun, if you don’t mind, the scariest words you’ll ever hear; Hi, I’m from the government and I’m here to help.

ew, shivers up my spine.

Barrack "I'm a Lying Hypocrite!" Obama

June 8th, 2012
5:35 pm

This just proves what I always say…

Out of touch and incompetent

OBAMA>>THE WORST PRESIDENT EVER

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
5:39 pm

ByteMe, the private sector is doing marginally better, but it is a far cry from “fine”.

You libs can’t spin your way out of this one.

He’s clueless. And he’s a liar.

jeffrey

June 8th, 2012
5:47 pm

Kyle states are hemorrhaging. Especially the red ones like Georgia. You can hate taxes all you want but this is a republican economy right now and you know it. It is also an economy I don’t care for. So let obama get his way once before you tell him he did it wrong. Thanks.

Bill James

June 8th, 2012
5:52 pm

“don’t have the same kind of flexibility of the federal government in dealing with fewer revenues coming in.”

What he means by this is DEBT. Debt is the tax on future labor, the labor of children that cannot vote, that cannot object to current spending. Debt is Taxation without Representation.

Since we elected these guys so we could have benefits beyond our contribution, Debt is also Tyranny of the Majority. A majority of adults imposing debt on the liberty and future labor of children.

Barrack "I'm a Lying Hypocrite!" Obama

June 8th, 2012
5:54 pm

@jeffrey um dumbass Obama is president this is all a Democrat Economy…it doesnt switch at will just because Obama fked it up so bad and your not man enough to take responsibility…like everything else

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
5:56 pm

“So let obama get his way once before you tell him he did it wrong.”

So the various stimulus packages totaling about $1.2 trillion dollars wasn’t getting his own way, jeffrey?

Obamacare wasn’t his own way?

Oh, that’s right. You want MORE of programs that failed.

Got it.

In case you missed it, jeffrey, states and local governments are supposed to take care of themselves. Many do. It is largely the Democrat-controlled ones that do not. I for one am damned tired of paying for firefighters in Chicago, New York or L.A. with my tax money that should have been spent in Georgia.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
6:06 pm

Obozo’s $1.5 trillion annual deficits aren’t stimulus enough?

You libs really are economically retarded.

Martin Williams

June 8th, 2012
6:20 pm

I still believe the private sector is fine. GOP governors are creating big time un-employment problem and if the trend continues, we are heading for a very very sorry American as we know it. Sometimes I ask myself where people got the notion that running a government is like a business especially the United States of America. The US government is being on the deficit side since the end world II and we still in wars and John McCain wants us to go into Syria. Deficit for US government will continue to get larger. GOP folks and its blind followers will tell you different and vote to spend more money on wars/invations. One thing I know, the GOP is on a good mission and that is to bring this country DOWN. Even Ronald Reagan was a sincerely great and smart compromiser because he loved this country. Fools in the GOP today is my way or the high way with strong support now from its suragate partners the Tea Party folls. If any politician National or State level love this as they say, should always think compromise first. Americans, WAKE up or we are all dummed.

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
6:24 pm

The stimulus money to the states and counties that allowed them to temporary not lay off teachers, fireman, police, and other state workers has run out. The GOP pointed this out at the time. They asked what were the states to do, when the temporary funding ended. Oblamer’s cronies said this funding would hold the states over until the economy recovered. Well, here we are.

An amateur like Oblamer that does not understand the private sector economy, had no chance of improving the economy. His Keynesian ideology did not work, and he still has not seen realized his errors. He just did the usual liberal thing and punted on making any hard choices. Well, his time is up and he is reaping what he sowed.

The states, counties, and cities are left to do what they should have done in 2009, shrink their employments and rein in spending.

Hillbilly D

June 8th, 2012
6:26 pm

Actually this June has been cooler so far than it was this time last year Rafe, when temps were in the ’90s from June until into mid September.

This is the coolest June, at least in my neck of the woods, that I remember in many years. Can’t exactly remember but it’s been at least 15 years since we’ve had one like this. The most rain, too.

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
6:27 pm

WAKE up or we are all dummed.

Well, at least some of us are!

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
6:28 pm

Hillbilly D

I agree, I was thinking that today as I was picking blue berries. Very cool, for June. You need to tell Bookman, but then again you can’t tell Bookman anything.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
6:35 pm

“Food stamp use up 100% under Ob[ozo]”
—————

Yeah, we’re doing just fine.

Hillbilly D

June 8th, 2012
6:40 pm

Rafe

I exiled myself from over there.

snoqualmiefalls

June 8th, 2012
6:40 pm

“Private sector doing fine”… Dear Leader BushII when when the economy was shedding 500,000/month.
Yup, Short term memory lose or long term?

Dr. Pangloss

June 8th, 2012
6:58 pm

Gee, Kyle, have you heard about journalists checking the facts?

Take a look at http://www.politifact.com/truth-o-meter/article/2012/jun/08/context-private-sector-doing-fine/ and see what Obama really said.

Truth Squad

June 8th, 2012
6:59 pm

All this huff-puff from conservatives and the truth still remains that Romney is losing! Looking at the state polling it is clear that the math is not working for Romney. He can win all of the McCain states plus Indiana,Ohio,North Carolina, Florida, and Virginia…and still Lose!!

The b***h-and-blame Obama strategy is not going to be enough to beat the incumbent. Don’t let the media foll ya folks. The public is not buying what the Republicans are selling.

Those who believe that there are people out there who are going to be persuaded to vote for Romney because of what President Obama said about the private sector today are a desperate.

Vast Right Wing Conspiracy

June 8th, 2012
6:59 pm

President Kardashian is kind of like the Kevin Bacon character at the end of “Animal House” – “All is well, all is well!”

md

June 8th, 2012
7:03 pm

“This proves that government spending should NOT be cut back in economic downturns……”

What a statement like this proves is the writer and those like him/her are totally clueless about how the system works………

Where exactly do you think the gov’t gets it’s money…..the WH money tree in the rose garden?

They have to take it from the private sector…….which sucks the life out of that sector and makes it darn near impossible for either to survive……

Those local gov’ts can’t pay their bills because all the mom and pop businesses (the majority of corps) laid off 20 million people that used to pay those taxes……….taxes for the most part ALL come from capital generated by the private sector.

md

June 8th, 2012
7:10 pm

“You need to tell Bookman, but then again you can’t tell Bookman anything.”

Like HD, I self exiled too. Even when presenting links to the guy that showed him to be incorrect, he sticks his fingers in his ears and says nah, nah, nah……….he’s a hack journalist that tries to give the impression that he is open to discussion, but only if he isn’t proven wrong.

And Kyle, I know what you said about him not being here to defend himself, but that too is a choice……he can read your blog and post just like any other. Obama and Bush are never here to defend themselves either………..

I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

June 8th, 2012
7:17 pm

If you were a total socialist that hated the United States, of course you would think the economy is doing fine.

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
7:23 pm

“I still believe the private sector is fine.”

I suppose you still believe in the Easter Bunny and Santa Claus, too, don’t you Martin Williams? :roll:

Don Abernethy

June 8th, 2012
7:25 pm

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
7:26 pm

When you lose CNN, you know you’ve screwed up.

On Erin Burnett tonight they detailed all the stimulus funds, both direct to job creation or saving, and indirect to stimulate the economy.

They came up with $3.2 TRILLION dollars.

Then they ask how Obama’s $280 billion plan in front of Congress is going to do anything given the #3.2 trillion didn’t work so well.

Even CNN isn’t buying his junk anymore.