COBURN: Obama is not doing fine - Washington Times

COBURN: Obama is not doing fine - Washington Times

President Obama’s claim that “the private sector is doing fine” is sure to be repeated over and over and over again the next few months. And the White House will continue to argue that the president’s comments were taken out of context. That’s missing the point. The context is the problem. The administration’s and Congress‘ misplaced faith in the power of government to solve problems and stimulate the economy is what is holding back our recovery.

In fairness, let’s look at the president’s whole statement: “The truth of the matter is that, as I said, 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, cuts initiated by governors and mayors who are not seeing 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.”