A statement of beliefs

Obama 'gaffe' reveals true nature of his fiscal philosophy

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Merriam-Webster defines “gaffe” as “a social or diplomatic blunder; a noticeable mistake.”

But was it?

Certainly President Obama’s absurd claim last Friday that “the private sector is doing fine” was such a laugh-line that he took the opportunity just hours later to completely contradict himself.

Unemployment is at chronically historical levels; companies are paralyzed with fear, so
hiring is at a minimum – explaining the dismal 69,000 jobs created nationwide last month; and even those people who are working are toiling their fingers to the bone – performing the work of two or three people, as companies stay as lean as possible to gird themselves for what may come.

Nearly two-thirds of Americans in a recent poll said the country is on the wrong track. Folks think, by a margin of 47-33 percent, that things are getting worse. Majorities say the Obama administration has failed on the economy.

Standard & Poor’s on Friday reaffirmed the country’s AA+ rating – downgraded since Obama took office – and said the continued outlook is negative.

What planet is Mr. Obama living on? How can he be so out of touch as to say such a thing as the private sector is “doing fine” – even for a moment? What a mistake!

Or maybe not a mistake at all.

Maybe what he said is simply revealing – about the way he looks at the world.

“Where we’re seeing weaknesses in our economy have to do with state and local government,” Obama said, indicating the federal government needed to do more – i.e., borrow more – to give to states.

How ludicrous and even dangerous – that he would tell Americans it’s day when it’s night, and promote the kind of increased government spending that is collapsing Western Europe as he speaks.

And again, his assertion that the public sector is hurting more than the private sector is the precise opposite of the truth. Andrew Biggs, of the American Enterprise Institute, notes that the public-sector unemployment rate – at 4.2 percent, about half the overall unemployment rate and 10 percentage points below that of construction workers – “is the lowest of any industry or class of worker, even including the growing energy industry.”

“If the recession has barely touched one sector of the economy, it is government,” the Heritage Foundation’s James Sherk wrote last fall – when Democratic Senate Majority Leader Harry Reid tried to make the same claim that Obama made on Friday.

Reid’s eerily similar remark alone tells you Mr. Obama’s bizarre statement is not a gaffe, but a way of thinking shared by those around him. And that way of thinking is completely divorced from reality.

“As Reid’s comment demonstrates,” writes Marc Thiessen in the Washington Post, “that is precisely how Obama and Democratic leaders on Capitol Hill see it. They’ve been saying for months that the private sector is doing fine and that the solution to our unemployment problems is to spend even more taxpayer money to hire more government workers.

“Obama and Reid have it precisely backward: It’s the public sector that’s doing fine.”

“He does not understand where wealth and jobs come from,” Indiana Gov. Mitch Daniels said of the president Sunday. “It comes from a successful private sector or not at all. Government does not create wealth or income. It just shuffles it around and charges a price, a cost for that service or disservice.”

You can take back something you said. Folks can even call it a “gaffe.”

But you can’t take back your basic beliefs. They walk out the door with you.

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Retired Army
17512
Points
Retired Army 06/12/12 - 01:29 am
6
10
Yawn! Gas is down again at

Yawn! Gas is down (again) at the pump and up again at the ACCOS.

copperhead
1035
Points
copperhead 06/12/12 - 01:43 am
11
6
RA,according to ALL hussein

RA,according to ALL hussein worshippers and droolers,hussein has NO IMPACT on energy prices! So, which is it? Can he ONLY affect the lessening of prices?

Craig Spinks
817
Points
Craig Spinks 06/12/12 - 01:53 am
10
3
"...(T)he Truth, the whole Truth and nothing but the Truth."

While it is true that the gain in total national employment in May was 69K, what is not presented here is the fact that gains in private-sector employment were almost totally offset by cuts in state and local governmental employment during last month. Austerity measures at these levels of government are serving as a drag on the rate of our escape from The Great Recession.

Why didn't the ACES present the whole Truth about May's employment statistics? Were they unaware of Chairman Bernanke's presentation last Thursday to a joint Congressional economic panel during which he revealed the larger gain in private-sector employment?

owensjef3
5635
Points
owensjef3 06/12/12 - 07:42 am
5
6
" Standard & Poor’s on Friday
Unpublished

" Standard & Poor’s on Friday reaffirmed the country’s AA+ rating – downgraded since Obama took office – and said the continued outlook is negative."
I guess the GOP had nothing to do with the above statement.
Shameful!

desertcat6
1140
Points
desertcat6 06/12/12 - 02:13 am
13
8
ACES hits another to deep

ACES hits another to deep center field. Its going, its going, its gone leaving nothing but libereals changing the subget and attacking the messenger in its wake.

ultrarnr
896
Points
ultrarnr 06/12/12 - 02:26 am
6
1
Another distortion
Unpublished

Way to distort the truth again. According to the Bureau of Labor Statistics local government employment has fallen by 3% and is still falling since the recession began while the private sector has added 4.3 million jobs since the recovery began. I am an economist by training and have never heard of a specific public sector unemployment rate. The reality is that if public sector employment had grown at historical levels it would have created between 1.4 and 1.9 million jobs and unemployment would be in the low 7% area.

Riverman1
79017
Points
Riverman1 06/12/12 - 04:55 am
12
3
That's It!

That statement catches Obama's view perfectly. He is unhappy when government jobs are not being created. He held exactly one private enterprise job in his life and described in it his book as, "Working behind enemy lines."

The economy is in deep trouble and he doesn't get it. He's toast come November.

carcraft
24026
Points
carcraft 06/12/12 - 05:42 am
9
6
Uployment over 8% despite

Uployment over 8% despite Obama spending $800 billion to keep it below 8%. More families on food stamps, more children (young adults) living with their parents than any time since the great depression. More people under employed and Obama says the private sector is doing well? The Obamanists here defense "well we just aren't hiring as many government workers". Well they can't hirre more government workers because the cost of hiring government workers has increased because of changes to the (drum roll please ) health care law...LOL I am glad gas prices have fallen but they are still higher than when Obama took office...about a $1 higher a gallon..Yes Obama thinks the private sector is doing just fine.. How would he know he has never worked in it, and Obama thinks there is a profit to earning ratio...

carcraft
24026
Points
carcraft 06/12/12 - 05:44 am
6
5
Hay, Ultrarnr, What is the

Hay, Ultrarnr, What is the profit earning ratio since you took economics? Obama has talked about it...

southernguy08
499
Points
southernguy08 06/12/12 - 06:52 am
0
0
Obama's "gaffe"
Unpublished

"The private sector is doing fine." President Barack Obama, June 8, 2012. We're in what Obama himself describes as the worst recession since the great depression. This statement, and his furious rebuttal afterward trying to correct it, really doesn't need comment from Obama opponents. He shot this big hole in his own boat, and now we're watching it sink with his "administration" in it. More entertaining than watching cable.

justthefacts
20230
Points
justthefacts 06/12/12 - 07:27 am
8
5
Economic Indicators

Since President Obama took office, debt is up, unemployment is up, poverty is up, Food Stamp receipients are up, gas prices are up, the misery index is up over 50%.....Is Obama going to run on his record????

Shea_Addams
1337
Points
Shea_Addams 06/12/12 - 07:35 am
0
0
If Obama is responsible for
Unpublished

If Obama is responsible for lowering gas prices, why didn't he do it before the election year?

Techfan
6461
Points
Techfan 06/12/12 - 07:40 am
10
8
The stock market is up,

The stock market is up, corporate profits are up, .....

TParty
6003
Points
TParty 06/12/12 - 07:41 am
7
4
"and even those people who

"and even those people who are working are toiling their fingers to the bone – performing the work of two or three people, as companies stay as lean as possible to gird themselves for what may come."

This here is an important statement. Companies are not going to hire unless it's a last resort. Businesses are literally in the business of making money, and hiring someone does not make that company money, especially if they can have someone working a job of two or three people.

This is obvious to people, right? Why spend the money on one or two extra salaries and benefits, when you can just make one person toil their fingers to the bone instead?

Another thing. When I think private sector, I think profits. Stock market is up how much over the past three, four years? I don't think profits have suffered, since a lot of companies to continue to break records. CEO's continue to get paid well.

So while jobs may not be coming back by the millions- profits are there.

Public jobs are lacking, these being teachers, police, fire fighters and other public servants. These jobs are being cut all the time- and Romney seems okay with it. He said that people of Wisconsin don't want teachers, police and fire fighters. Is that true? Are these people not needed, and is there spending not going to help the economy?

Shea_Addams
1337
Points
Shea_Addams 06/12/12 - 07:46 am
0
0
Up from the low that he
Unpublished

Up from the low that he pushed them, techfan?

Shea_Addams
1337
Points
Shea_Addams 06/12/12 - 07:56 am
0
0
Here's a challenge to RA that
Unpublished

Here's a challenge to RA that I'm sure will go unanswered. What, specifically, did the President do that lowered gas prices.....since you say he is responsible for it.

justthefacts
20230
Points
justthefacts 06/12/12 - 08:39 am
7
4
Fewer Gov't jobs

T-Party, yes Romney said it. Do you have any evidence to support the need for more. And yes, the people of Wisc knew exactly what to expect as a result of the recall election. Seems they spoke very clearly. Corp profits are up. But a big part of that is overseas. Due to tax advantages, it stays overseas. Business also know they need to keep more in reserve. The future is uncertain as the reelection of President Obama scares them. And then, the hard reality is the fact that technology is replacing workers. Businesses don't need a many workers as before.

southernguy08
499
Points
southernguy08 06/12/12 - 08:42 am
0
0
TECH...REALLY?
Unpublished

Stock market up? Yes, some, but you carefully ignore the fact that the Dow hit 14,000 when Bush was in office. Sure haven't seen that with Barry in office. With his p poor record, its little wonder why Obama supporters are trying to take the focus off of it and paint Romney as someone not connected with mainstream America. But after Barry's "The private sector is doing fine." comment, painting Obama as connected with working Americans is proving to be like trying to put socks on an octopus.

Jane18
12332
Points
Jane18 06/12/12 - 09:15 am
6
2
"Gaffe"

Well, Obama is what he is....................

harley_52
22064
Points
harley_52 06/12/12 - 09:26 am
7
4
"Austerity measures at these

"Austerity measures at these levels of government are serving as a drag on the rate of our escape from The Great Recession."

How does bigger government enhance our rate of escape from "The Great Recession?" Seriously....what makes anybody think increasing the rolls of government workers will improve our economic well being or create economic growth?

If adding more employees to the government rolls would benefit the economy tell me the optimal percentage of government workers? Is it ten percent of the work force? Twenty? Fifty?

If more government workers is the key to economic success, why doesn't the federal government just hire them all.....one hundred percent of the work force?

Hey, there's an idea.

justthefacts
20230
Points
justthefacts 06/12/12 - 09:30 am
6
4
Hush harley

They do not need any help!

Little Lamb
43803
Points
Little Lamb 06/12/12 - 09:48 am
7
2
Government Workforce

Craig Spinks posted:

While it is true that the gain in total national employment in May was 69K, what is not presented here is the fact that gains in private-sector employment were almost totally offset by cuts in state and local governmental employment during last month. Austerity measures at these levels of government are serving as a drag on the rate of our escape from The Great Recession.

You cannot claw your way out of a recession by increasing the number of government employees. All of their wages and benefits must be paid for by taking money out of the private sector — which in the end damages private sector employment and growth. We need fewer government workers at the federal, state and local level. Then we need to remove impediments to business creation and growth. To start with — eliminate reporting requirements for meaningless statistics that appear only in government documents, then in the newspaper for one day, then into oblivion.

dichotomy
30346
Points
dichotomy 06/12/12 - 09:54 am
8
4
The fact is that there are a

The fact is that there are a lot of unemployed people and the vast majority of them are NOT police, fire, and teachers. Most of the unemployment is in the private sector. So obviously SOMETHING is wrong in the private sector job market. Between Obamacare, and Obama and the Democrats continuing tribal chant to raise taxes on businesses, the private sector is uncertain about what it will cost them to stay in business and hire employees in the coming years. Yes, the stock market is up and profits are up and they are up because businesses have trimmed the number of employees to the bone due to the uncertainty of Obamacare and the tax situation. And you cannot blame the private sector for not going on a hiring binge while the socialists are driving the train. There will not be much, if any, progress until there is some certaintiy as to what the tax rates will be long term, and until Obamacare is either struck down or repealed. Otherwise there will still be too much uncertainty about health care costs until all of the rules and costs of Obamacare come into effect in 2014 and then things may actually get worse.

allhans
23166
Points
allhans 06/12/12 - 09:59 am
5
3
The remark Romney made was

The remark Romney made was referring to a stimulus bill, aka "job bill", that Obama is trying to get passed.
The Republicans just don't believe that a stimulus package to hire more public (and union) employees is the answer.

Shea_Addams
1337
Points
Shea_Addams 06/12/12 - 10:02 am
0
0
The stimulus didn't work
Unpublished

The stimulus didn't work before, why would it work this time?

Bruno
780
Points
Bruno 06/12/12 - 10:04 am
9
1
It is (or should be) obvious

It is (or should be) obvious to any thinking person paying attention that the private sector is not doing fine.

harley_52
22064
Points
harley_52 06/12/12 - 10:19 am
7
5
A Success, or a Failure?

Whether President Obama's policies have been a success, or a failure, depends entirely upon the results you think he was trying to achieve.

Do you think he seeks a thriving, Capitalistic, full employment economy, where free markets determine production, business is booming, and where individuals are achieving the "American dream" of increasing family wealth, home ownership, and a strong family structure enjoying healthy and moral leisure activities and all the rights guaranteed by the Constitution?

Or do you think he seeks a society where government decides all the rules. Where government decides what gets produced, government decides how wealth is distributed, government decides who works and what kind of work they do, government decides what kind of education, what kind of health care, and what kind of freedoms (if any) citizens enjoy?

If you believe his goal is the former, he has been an abject failure.

If you believe his goal is the latter (as I do), he's well on his way to success.

Whichever path you choose to follow should determine how you vote in the upcoming election.

Little Lamb
43803
Points
Little Lamb 06/12/12 - 10:29 am
3
0
Summertime Blues

Here's a link to a story in Human Events that is quite relevant to this discussion:

Welcome to summer

Read it slowly and carefully. It's a warning.

Overzealous government regulation occurs in all business sectors. The story is about overzealous and counterproductive regulation in the tourism sector. In the short term, the regulations might save a few turtles (although they're killing foxes to save turtle eggs as you read in the story), but in the long term those same regulations are killing small businesses, their owners, their employees, and their dreams.

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