Home » President Barack Obama » Obamanomics » Obama Admits Economy Is Crap-tastic Under His Watch

Obama Admits Economy Is Crap-tastic Under His Watch

As expected, he calls for taking more money out of the private sector: (WATCH)

via: NYT

President Obama on Friday afternoon backed away from his earlier comments that the “private sector is doing fine,” telling reporters that he does not believe the economy is doing fine.

“That’s precisely why I asked Congress to start taking some steps that can make a difference,” Mr. Obama said in brief remarks to reporters during a meeting with the visiting Philippines president.

Republicans had seized on comments Mr. Obama made during an earlier news conference, in which he repeatedly made the point that hiring at private businesses is doing well, while hiring by state and local government is not.

“The private sector is doing fine,” Mr. Obama said at the news conference.

But by later in the day, Mr. Obama had decided to emphasize that he does not believe that the overall economy is doing fine, as Republicans were trying to suggest.

“Listen, it is absolutely clear the economy is not doing fine,” he said. He suggested that Republicans had misstated his words from earlier in the day.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: