By now most readers are aware of the recent infamous statement made by President Barack Obama that, “the private sector is doing fine.” Presidential GOP candidate Mitt Romney jumped on Obama and the, “just fine” comment. The ironic part of both the statement and the criticism is that they are both wrong. Let’s look at the statement and look at why both of these fail. Here is what the President actually 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, you know, 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 of the federal government in dealing with fewer revenues coming in.
Here we clearly see that the President is saying that the economy is weak because there is not enough government. His answer to the anorexic economy is to say the private sector is fine, so the solution is to increase state and local government to grow the economy. This is a softball thrown right into Romney’s lap, and instead of hitting it out of the park, he misses it completely and focuses on the private sector.
Why? Because Romney, like most establishment Democrats and Republicans, is unable to see that the answer is not to grow government. Romney is incapable of understanding that growing state and local government is no different than growing the federal government; both of them feed off the private sector tax money.
Obama sees the government getting smaller as a problem, he expressly says it, but Romney and the Republicans are incapable of grasping that portion of the comment. As a matter of fact, they completely overlook it. Obama is admitting that everything that is under government control is failing, and that the private sector is doing fine despite the burden of government. What a perfect opportunity to capitalize on such a statist and leftist as Obama expressly admitting that what the government controls is failing. Instead, it slips right past Romney, and other Republicans, who don’t even notice the golden opportunity to attack the size of government and the admission that government is the drag on the economy.
Like Romney, House Speaker John A. Boehner said, “Mr. President, take it from me, the private sector is not doing fine.” No mention, or any opposition, about the size of government. It is a reaffirmation that establishment Republican’s seem to be just as incapable of attacking the size of government as the Democrats.