The Private Sector is Not “Doing Fine”

In now-infamous comments on Friday, President Barack Obama informed America that “the private sector is doing fine.” This, of course, was news to the 12.7 million people who are out of work and the millions more who are struggling with the part-time jobs they can find, or have simply given up looking.

While the President’s comment is astoundingly out of touch with the public—and economic reality—perhaps even more distressing is that this wasn’t a passing verbal gaffe. This is actually a consistent talking point of the President and Democratic leadership that goes largely unchallenged by the media.

Senate Majority Leader Harry Reid (D–NV) made the same case last fall when he was pushing a $35 billion bailout for state and local governments. “It’s very clear that private-sector jobs have been doing just fine,” Reid argued. “It’s the public-sector jobs where we’ve lost huge numbers, and that’s what this legislation is all about.”

This is the President’s and the Majority Leader’s solution to the jobs crisis: more so-called stimulus and more government employees.

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