Obama: 'Private Sector Is Doing Fine'

Republicans pounce; Obama says Congress has 'no excuse' to dither
By John Johnson,  Newser Staff
Posted Jun 8, 2012 11:40 AM CDT

President Obama used a White House press conference today to chide Republicans for blocking his jobs proposals—"If Congress decides not do anything about all this because it’s an election year, they should explain to the American people why"—and to urge European leaders (in what MarketWatch called a "more strident tone") to inject money into its teetering banking system, reports the AP and Washington Post. He also warned Greece not to bail on the eurozone. "The good news is there is a path out of this challenge," he said.

But don't be surprised if another line generates the most chatter, one in which he declared the "private sector is doing fine" in the US. BuzzFeed calls it a "gift to Republicans," and indeed the National Review Online quickly tweeted a video of the comment. The party's national committee also pounced, saying the president's comment "is bound to be a surprise to the 23 million Americans who are struggling for work and the millions of families who have seen their incomes fall under the Obama economy." (More President Obama stories.)

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