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“The private sector is doing fine.”

By: Ender (Diary)  |  June 8th, 2012 at 01:23 PM  | 

RESIZE: AAA

From today’s press conference:

“We’ve created 4.3 million jobs over the past 27 months. The private sector is doing fine. Where we’re seeing problems is with state and local government.”

What else do you need to know? The unemployment is 8.2%. The GDP is going down. The private sector is doing fine.

COMMENTS

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  • APA Guy

    McCain 2008:

    “The fundamentals of the economy are strong.”

    …just before the bottom fell out of the economy.

    To people who say Barack Obama is some brilliant man, I give you his statement today. Only a complete amateur would say something so incredibly stupid, misplaced, and FALSE. Ho went on to say this beauty:

    “?Where we’re seeing weaknesses in our economy have to do with state and local government. ? 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.?

    http://www.foxnews.com/politics/2012/06/08/obama-tells-congress-european-leaders-to-improve-economy-avert-crisis/#ixzz1xE9YESTc

    Oh this is too precious…the private sector, which created virtually no jobs last month, is fine. What we REALLY need is to fund more government jobs.

    If people are at all still unclear exactly what this guy stands for and how clueless he is, here is thy proof…straight from his mouth.

    • Ender

      jobs are created by the government on all levels. Otherwise you wouldn’t ever utter such a doozy of a statement.

      • funwithknives

        ‘Repeat the lie’, and so forth.

        At least three times, from last night to this P M , I have seen DNC operatives utter variations of this seemingly delusional , unproveable blather. Now *Barry HimSelf* repeats it once again, and The Anointed gurgle their non-existent economic knowledge, and “…see,we told ya; so…” looks. He took three questions, none about our economy, made this incredible wopper of a statement, and boogied-on out of there. Likely, No more Jay Carney today so we wait for Monday to get ‘the parsing’, so common these days.

        But all these misinformed,idol-worshiping dolts are not out here, trying to find a job or {Horrors!} trying to create a business, with no help from most banks.
        They’re sitting in newsrooms, looking at their phone’s wallpaper with Barry’s Profile on it ,wishing for The One to make it all better.
        They’re seemingly oblivious to the fact he had three-plus years of doing the exact same stuff, over and over again, and we got: Squat.

        Fudging with U-1 through U-6 stats,villifying success where it benefits him, trying to fool {and succeeding with some of} the unenlightened, publically educated, “shiny object masses”.

        ….and they think it’s in the bag………..

        Alfred Hitchcock is not dead. Neither is Woodrow Wilson.
        They’ve become one frightful entity.
        The Gift No-One Wanted, nor asked for.
        Make This Stop, come November 6th. We owe it to ourselves, and those yet to come.

  • lineholder

    I love the way our side of the political fight has banding together to stay on top of all this. RGA yesterday, RNC on the ball today.

    • Ender

      loving the speed of the response.

    • funwithknives

      {indeed it is} when you see something you have plead for, really start to happen.

      The Nat’l G O P now needs to start Media Buys in ‘on the fence’ states, to move this New Specialty of theirs along. Just use clips like this.

      Now, how about Lead-To-Gold Transmutation…?
      {but only at my house…]

  • lineholder

    This just keeps getting better and better!

    • http://impudent.edublogs.org/ kyle8

      nt

      • lineholder

        Remember how one of the complaints against Romney early in the primary was that he seemed so….wooden? artificial? Like an automaton?

        The Romney we’re seeing out on the campaign trail is connecting with voters in a very practical, common sense kind of way, with a sense of humor even!

        I hope he keeps it up.

    • acat

      (Cheshire grin)

      • funwithknives

        N/T

    • funwithknives

      or himself picking it up, So far So good.

      Now if Barry will just keep up the inane crap, the scripts write themselves.
      How ‘smart’ is that,where BHO is concerned?
      Is he truly this one-dimensional? Curious……..

  • bk

    And Romney is the one who’s out of tough. Riiiiiight….

  • checkmate2012

    the end for the Bloviator in Chief! What a day to remember, along with so many others, but this one tops the cake! And given the chance to “clarify” his “the private sector is doing fine remark” he double-downed with, “the economy is not doing fining which is why I held a press conference to talk about it.”

    Gee wiz Mr. Great Communicator, will talk solve anything or will the country heal with all the contrails above us from all your fund romps? Thanks for the taking time out from spending ~ $170K tax $ per HOUR on AF One from your busy Holloywood crowd fundraisers to answer 3 frigging questions. Mighty wide of you.

    Just pricesless and endless material to work with here. Lovin’ it!

    • cheetah2

      His second statement of the day while meant to “pooper-scoop himself.” (per AllaPundit) actually didn’t retract what he said earlier. First he said “the private sector is doing fine” then he said “the economy is not doing fine” and went on to talk mostly about government sector layoffs.

  • kowalski

    The best part about his statement yesterday is that it was so unselfconscious and uncontroversial to his mind that he said it without even thinking he would have to walk it back.

    He really meant it. Combined with his next statement about state and local governments and the construction industry and you know all you need to know about Barack Obama’s priorities and view of the economy:

    “Corporations are reporting profits. The private sector is doing fine. Detroit is going broke, California is going broke, [fill in the blanks] is going broke…we need more Government-On-Government Stimulus spending.”

    That’s the world view we’re up against in this election. Of course the reality is that the private sector is doing abysmally, particularly for small businesses who can’t hire or find the revenue to stay in business. Everything from mom and pop restaurants to midsize manufacturing companies.

    He really should try doing something simple: have his Labor Secretary pull the business and residential mailing list demographics for towns in Northern New Jersey. In one year, I’ve seen a decline of more than 30% in the number of addresses listed as “business.”

    Drive through these towns and look at the shuttered stores, the “For Sale” signs, the “For Rent” signs, and survey the ghost town atmosphere, here in the midst of Obama’s Private Sector Recovery.

    The local and state governments are hurting because their tax bases are eroding BECAUSE the private sector is doing abysmally. Until we get a President who understands that someone has to *make* the money before it can be taxed by the town, by the State and by the Federal Government, we’re going to continue to look more and more like Michigan.

    • bk

      I thought that was considered evil in Obamaland. If profits are up under a GOP President, it’s termed as “evil corporations sucking up money to return to their rich owners rather than investing in the little people who need it most”.

      • kowalski

        And whatever universe he’s living in, the numbers don’t lie:

        In just the one town I’m looking at in New Jersey, a relatively large middle-class/upper-middle-class town, they’ve lost 43% of their business addresses in less than a year, from 3389 in September of 2011 to 1934 as of last Friday.

        They’re probably a bit of an outlier but those 43% of the private sector in northern New Jersey aren’t doing “fine.” And wherever they moved to, the town sure isn’t getting the revenue from them any more, and probably neither is the state.

        If his analysis and argument through this election cycle is going to be as simpleminded as looking at the Dow Jones Industrial Average and reporting that as the “Private Sector” he shouldn’t have ever been allowed to teach anything, anywhere.

        • acat

          is money fleeing Europe and China.

          It has to go *somewhere* .. and the DJIA is a better bet right now than European or Chinese banks.

          Mew

          • commonsenseobserver

            If things turn too sour here as well. Then again, if things do go sour, Obama will say it’s because the stimulus wasn’t large enough. He’s basically saying that with his newest video attacking Romney for his comments on cutting government. We definitely don’t need more firefighters, policemen, or teachers at this point, not if the federal government has to pay for it. The need for mass layoffs has been compounded by the refusal of Democrats to accept the needed public sector reforms.

          • acat

            We’re much better off than Europe or China, and as long as that remains true, the stock market will remain flush for reasons that are somewhat disconnected from the economic reality.

            Or, put simpler, Wall Street ain’t Main Street.

            Mew

          • commonsenseobserver

            And by doing so, it also affects Main Street directly, Investors are still normal people, after all.

          • acat

            while Main Street thinks he’s a stuttering charlie foxtrot of an imbecile.

            Yes, Main Street are investors … so what? That doesn’t mean Wall Street reflects Main Street.

            Mew

          • acat

            I really ought to overlay this with the unemployment numbers….

            Mew

          • kowalski

            React to other people on Main Street, and when they drive down Main Street and see that 40% of the businesses in their town have closed in less than a year, they start thinking: “Maybe this isn’t such a great place to live, regardless of what Wall Street is doing.”

          • commonsenseobserver

            Which is why I don’t think the current rally will last soon if Main Street takes a turn for the worst.

          • acat

            that caused the latest rally on Wall Street?

            That’s my *point*, eh? Wall Street is reacting to China and Europe, not Main Street.

            Mew

          • commonsenseobserver

            But that was only after the Dow plunged following the awful jobs report, which, of course, reflects the state of Main Street.

          • acat

            No, not your Red State account, your approach to the stock market.

            Note the chart I posted above. 5 years. (I’d really rather have 8 so I could note when Reid and Pelosi took over, but the tool I used was kind of lame and I was in a hurry…)

            The point is, the “dow plunge” you’re talking about is nada, zip, zilch, bupkis compared to 2009 .. and the only real change between now and 2009 is that everyone who could decided to sit on ca$h….. and that ca$h is in the market.

            So .. market good? No.

            Mew

          • kowalski

            It’s a significant, probably the most significant source of revenue: I do business based on the plans and hopes and dreams and expectations and analysis of other micro, small, and midsized business owners who are not listed on any stock exchange.

            The DJIA can move up and down as investors from places around the world move their money in and out and shift the balance of their portfolios across various world markets, but for me, it’s just a general background indicator, it’s importance to me is much smaller than when I see a local, thriving business go belly-up.

            When a client I did $1500 worth of business last June tells me that they can’t afford even a scaled-back version this year, it’s like a punch in the stomach. And you ask them “Why?” and listen to them as they try to put on a brave face and then tell you: “Just between you and me, I don’t know whether we can afford our electricity bill this month.” You realize right then and there that the Private Sector in terms of those small enterprises is not accurately reflected in the major indicators.

            And it hurts those towns. It positively harms their communities because those businesses – small and micro and midsized and local – contribute philanthropically to local organizations. They contribute to historic organizations, they contribute to fundraising for local libraries, they contribute to community events, they sponsor advertising books for authentic Celtic Pipe and Drum bands with real bagpipes and kilts. They sponsor local scholarships for local kids. They help preserve the towns they live in in so many innumerable ways. They contribute to their local PBAs, who then recontribute to other charities. It’s the small businesses and the micros and midsized businesses that do that – they’re the glue that holds it all together.

            When those businesses find themselves in the basement or their doors close, all of those things that make living in that town begin to suffer. It doesn’t take too many to succumb before you’re faced with an exodus – except for the people who have no way to leave.

          • kowalski

            And shift money around relatively until the last two people in the world are standing in the proverbial basement up to their waists in gasoline and one guy has 3 matches and the other has 5 and the guy with 5 thinks he’s better off.

            ;)

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