When asked: What about the Republicans saying that you’re blaming the Europeans for the failures of your own policies?” Obama replied…
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.
And so, you know, 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 and how do we help the construction industry? Because the recipes that they’re promoting are basically the kinds of policies that would add weakness to the — to the economy, would result in further layoffs, would not provide relief in the housing market, and would result, I think most economists estimate, in lower growth and fewer jobs, not more.
Obama is honestly expressing his opinion of our economic condition. To him, our bad economy can be fixed with a more robust government and that the private sector isn’t as important.
The people in the “private sector” that have been attending his recent fundraisers probably are “just fine”. I’m sure George Clooney, Matt Damon and the other Hollywood types that support this president aren’t truly worried about there bank accounts, but thousands of small business owners are struggling while this administration continues to grow government, and increase taxes and regulations that strangle the private sector economic growth.