Does Obama understand our economy?

[Cancel 2018. 3]

Washington (CNN) - President Barack Obama, walking back his assertion at a press conference the "private sector's doing fine," acknowledged Friday that "it is absolutely clear that the economy is not doing fine."

The struggling economy, he clarified, is "why I had the press conference."

http://politicalticker.blogs.cnn.com/

 

[The Dude]

He's trying to shift blame to Europe.

 

[Bonestorm]

Washington (CNN) - President Barack Obama, walking back his assertion at a press conference the "private sector's doing fine," acknowledged Friday that "it is absolutely clear that the economy is not doing fine."

The struggling economy, he clarified, is "why I had the press conference."

http://politicalticker.blogs.cnn.com/

Just an FYI, Yurt. The "private sector" and the "economy" are not the same thing. Now, I think it's stupid to say that the private sector is doing "fine." It isn't. But it isn't necessarily inconsistent to say that the private sector is doing fine while the economy is not. And if you actually look at Obama's comments in context, tit becomes clear that there isn't really a "walkback" here at all.

 

[Cancel 2018. 3]

are you saying the private sector is not part of the economy? there are only two aspects of the economy dung. and the private sector is one of the two.

he clearly walked back his words. only an extreme apologist like yourself would defend his comments.

 

[Bonestorm]

are you saying the private sector is not part of the economy? there are only two aspects of the economy dung. and the private sector is one of the two.

Yes, that's exactly what I'm saying.

he clearly walked back his words. only an extreme apologist like yourself would defend his comments.

Uh, I didn't defend his comments. I said it was stupid and not true. I also said that "the private sector is doing fine" and "the economy is not doing fine" are not contradictory statements and the latter isn't really a "walkback" from the former, particularly when the former is construed in its context. Here's that context for those interested:

THE PRESIDENT: 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 -- oftentimes, cuts initiated by 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, 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 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.

I mean, the idea that the "private sector is doing fine" comment means that "the economy is doing fine" or some similar construction doesn't make a heck of a lot of sense where in the very next sentence he talks about the weaknesses in the economy. It's asinine.

 

[Onceler]

Man, does Yurt hate context.

 

[Cancel 2018. 3]

talk about splitting hairs...are you a barber general turg?

 

[Cancel 2018. 3]

Man, does Yurt hate context.

LOL - obsession

 

[Onceler]

talk about splitting hairs...are you a barber general turg?

Please; read Obama's comment again. You can really be pretty ridiculous what it comes to that guy.

Another faux gotcha.

 

[Cancel 2018. 3]

LOL - obsession

 

[Onceler]

Articulate, as always...

 

[SmarterthanYou]

Just an FYI, Yurt. The "private sector" and the "economy" are not the same thing. Now, I think it's stupid to say that the private sector is doing "fine." It isn't. But it isn't necessarily inconsistent to say that the private sector is doing fine while the economy is not. And if you actually look at Obama's comments in context, tit becomes clear that there isn't really a "walkback" here at all.

this is only when you consider all government spending 'the economy', which is something the dems do.

 

[Cancel 2018. 3]

Obama walks back remark about private sector 'doing fine'

http://www.latimes.com/news/politic...te-sector-doing-fine-20120608,0,1378747.story

 

[Cancel 2018. 3]

Articulate, as always...

so when you said it....that says what about you?

LOL - obsessed

 

[Bonestorm]

this is only when you consider all government spending 'the economy', which is something the dems do.

Yes, it's so crazy to consider government purchases of goods and services as part of the economy. Those crazy Dems and their wacky ideas.

 

[Onceler]

so when you said it....that says what about you?

LOL - obsessed

I said it because you were obsessed.

Another faux gotcha...

 

[Cancel 2018. 3]

As a political matter, the remark had all of the makings of a gaffe. The economy is Obama's biggest weakness in his campaign for re-election, and the comment almost certainly did not help the president's standing.

http://www.huffingtonpost.com/2012/06/08/obama-private-sector-doing-fine_n_1581419.html

 

[Cancel 2018. 3]

I said it because you were obsessed.

Another faux gotcha...

how does 6 posts = obsession and your 6 dozen posts not = obsession?

LOL...you can't stop responding to me, you love me.

 

[Bonestorm]

Yurt, you can probably post lots of stories on the first quote and the second and claiming a "walk back," but that doesn't make it so. It just means its a Friday in June and reporters and headline writers don't have much to do with their time.

 

[Cancel 2018. 3]

hilarious