So Obama made a pretty big "gaffe." He said that the private sector was doing "fine."
Here's the full quote, via WSJ:
"The truth of the matter is that … we've
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," which, he said, isn't getting the support it needs from
Washington.
Given that unemployment is over 8 percent, and Q2 GDP is tracking at
less than 2 percent, saying that any part of the economy is "fine" looks
wildly out of touch, and Republicans are lambasting him for it.
Obama has already backtracked, but is what he said true?
No comments:
Post a Comment