Obama on the economy: “The private sector is doing fine … ” [Darleen Click] UPDATED x2
… it’s the public sector jobs we have to save!
Question: What about the Republicans saying that you’re blaming the Europeans for the failures of your own policies?
President Obama: The truth of the matter is that, as I said, we created 4.3 million jobs over the last 27 months, over 800,000 just this year alone.
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 as the federal government in dealing with fewer revenues coming in.
Did The One sleep through Wisconsin?
Wow, RNC has, surprisingly, been johnny-on-the-spot this go around:
Maybe “headwinds” are racist?
Since Obama was elected, the public sector has lost about 600,000 jobs. If you put those jobs back, the unemployment rate would be 7.8 percent.
But what if we did more than that? At this point in George W. Bush’s administration, public-sector employment had grown by 3.7 percent. That would be equal to a bit over 800,000 jobs today. If you add those hypothetical jobs, the unemployment rate falls to 7.3 percent.
Why yes, Ezra, if we could just outlaw private business and put everyone on the Government payroll, we could get unemployment down to ZERO! Woohoo! Full employment! What could go wrong?
I guess that’s what constitutes “ideas” that Obama would find helpful.
Tags: economy, governement jobs, obama, private sector