Obama Tries Again: "It is Absolutely Clear that the Economy is Not Doing Fine."
Earlier today at a news conference, President Obama said, "The private sector is doing fine." That, despite tepid economic growth and the highest sustained unemployment rate since the Great Depression.
Obama, take two: "It is absolutely clear that the economy is not doing fine."
No clarification necessary, Mr. President. I think you already made yourself perfectly clear.
The remarks reveal the government-centric nature of Obama’s thinking. He just doesn’t give private enterprise very much thought, particularly when it comes to all the ways government can muck up the free enterprise system. It is just some theoretical construct he read about in a book one time.
To Obama, the private sector is always “doing fine,” so it really doesn’t matter if the public sector overloads it with too many taxes and too much regulation.
No wonder there’s been so little sense of urgency by the Obama White House to cut the sky-high corporate tax rate or so little consideration given to the impact on small business of letting the Bush tax cuts expire. The private sector is “doing fine,” after all. Unintended consequences? What are those?
The private sector isn’t just millionaire CEOs of America’s largest companies. It’s also workers (who bear most of the burden of high corporate taxes) and investors and entrepreneurs investing in the ingenuity and creativity and commitment to hard work of the American people.
But it seems when Obama thinks about the "private sector," images of Gordon Gekko or Monty Burns or Mr. Monopoly come to mind.
Apparently Obama thinks the only big flaw in the Obama recovery is that government isn’t hiring enough public union members. Everybody else is “doing fine.”
You know who really is doing fine? Washington. Federal spending is at record levels. Of course, it’s easy to be “doing fine” when you can just keep taxing the private sector.
But the real economy? It’s not doing fine at all.