Posts tagged ‘public sector’

June 11, 2012

Daily Scoop Xtra: Private Sector under Obama

After President Obama’s out-of-context comment, “The private sector is doing fine.” caused a stir across the politcal spectrum on Friday, fact checkers and economic experts began assessing its accuracy. While it is very true there is a long way to go before we reach pre-recession status, the current state of the private sector is quite positive, especially when it compares to the public sector which has suffered from austerity measures imposed at local and state levels.
So what has happened with the private sector under the Obama Administration?
First, after tax corporate profits have never been higher.
June 8, 2012

Playing Politics with Government Workers

Earlier today President Obama was ridiculed by his Republican rivals for asserting “The private sector is doing fine.” The statement came during a brief press conference with the president of the Philippines, where he was urging Congress to act on public sector job creation.

While the six word phrase garnered the most attention, the context in which it appeared was largely ignored. The full statement made by the president was; 

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