Obama Back Tracks on 'Private Sector is Doing Fine' Comment; Thinks He Was Misunderstood

Hours after saying the private sector is “doing fine,” President Obama on Friday walked back those remarks, saying it’s “absolutely clear” the economy is not fine.

Obama corrected himself at an Oval Office press availability just hours after making the original remark to reporters in the White House briefing room during an impromptu statement and press conference.

The verbal gaffe offered a political gift to Republicans and capped a miserable week for the president, who was on the losing side of Wisconsin’s recall election and saw his campaign beaten in fundraising by Republican Mitt Romney for the month of May.

“It is absolutely clear that the economy is not doing fine,” Obama said in his correction. “That’s the reason I had a press conference. That’s why I spent yesterday, the day before yesterday, this past week, this past month and this past year talking about how we can make the economy stronger.

“There are too many people out of work, the housing market is still weak and too many homes underwater, and that’s precisely why I asked Congress to start taking some steps that can make a difference,” Obama said.




Post Continues on thehill.com




Posted in 2012 Election, Economics, Media, Politics Tagged with: , , , , , ,
106 comments on “Obama Back Tracks on 'Private Sector is Doing Fine' Comment; Thinks He Was Misunderstood
  1. Ruth says:

    He is past being a DISGRACE to America. He is just so WORTHLESS!

    • Steven says:

       If ONLY he were worthless.  That would be a VAST improvement.  Every member of the military, and every ELECTED official in Washington DC has taken an oath to “uphold and defend the Constitution of the United States against all enemies, both foreign and domestic”.  Our single biggest problem is that many of the domestic enemies ARE the elected officials.  I will allow everyone to decide for themselves which officials those are.  Even if you disagree with me about who is who, EVERYONE in Washington claims the enemy is within.

  2. Victor Magilke says:

    Obama is an imbecile! How can a president be so out of touch?  Our economey is down the toilet, millions of Americans are out of work, a record number of people are on food stamps, millions of people have lost their homes and he says the private sector is doing fine.
    I have to agree with Russia’s, Putin. “Just because Barack Obama can read someone elses words on twin teleprompters, doesn’t make him a world leader. He is ignorant.”
    We can’t see his dossier to see how stupid he really is because his records are all sealed. What an embarrassment and a disgrace he is to our nation!

  3. Othello says:

    Oh GROW UP OBAMA! You opened your mouth, stuck your foot in it and now were are supposed to believe that we misunderstood you?! You are so far out of touch with reality. The ONLY so called jobs you claimed you have created are UNION jobs. UNIONS who donate to YOU! There’s so much regulation on the private sector, they cannot hire anyone, and they are forced to close their doors.

  4. Papa1bob says:

    This I-DIOT, I’m sorry now I am insulting I-DIOTS, NoBama couldn’t see a clue if it was infront of his elephant eared head. He only wants to see what he wants to see. As far as being a Christian, that is one of the biggest lies he as spouted from his forked tongue. I have no respect for this imposter. He screams, “I will have a tranparent government.” and yet he spends upwards of two million dollars to seal all of the records he supposedly has from schools. What a joke, “I miss-spoke.” He can’t take responsibility for anything he says. It is always someone else who miss-spoke, certainly not NoBama!

  5. EIvisPresIey says:

    People didn’t swallow the line, so now you have have to do the “soft shoe” “side step”. How sad for you.

  6. Delores109 says:

    OBAMA,
    Stop saying that you were misunderstood after you have made a statement to the American people.  Most of us understand English.  You said that the “Private Sector is doing fine.”  Now, you are attempting to walk your statement back.  You were wrong.  Admit it.   We do not fall for your corrections any longer and your lies are transparent.
    Delores Smith
    [email protected]

  7. Guest says:

    Can’t he start coming up with new excuses for his lack of intelligence.  Thank God the American people are catching unto you stupidity.  You belong in a federal prison for all fraud, cover ups and mis using you executive powers.  Your an EPIC FAILURE!!!

    • Red Ralph says:

      The economy is doing fine according to Obama (their drownding in Goverment Debt) just as Obama planed. We as a country can never get out of the financial mess he’s got us in. Three years with no budget how would your family do like that. It is his Constitutal duty to come up with a budget–Why isn’t he being forced to do his job as dictated in the Constitution? This POUS is being given a pass on so many things we don’t need a Constitution, just give the emperor his way, He knows whats best, what the Americon people need—NOT!!!

  8. Doski says:

    Obama the Most Intelligent President ever , The Great Orator. . . Misunderstood  ?  NOT

    The ‘ONE’ being too HIGH to Think & Speak Clearly . . . Quite Probable !

  9. Barack Hussein Obama is in the panic mode and cant get out !  I’m laughing because when somebody lies it just gets tough & tougher ! As the new lies keep being hatched out of his Communist mind, It should be just great to show our grandchildren about lieing Marxest that want power so bad as to have a mole in our owen Sacred White House ! Tell you’re friends about BHO’s lies. I’m spreading these true transgrections that BHO says to everyone I know !  

  10. catzpaw48 says:

    What I said is not what I said!!!

    • David says:

      I’m thinkin’ what ya said is what ya said.  I’m thinkin’ most of us don’t want ya “Mr President” . 
      I’m pretty sure about it. 

      • Txlocksmith says:

         If most of us don’t want him, how’d he end up in our white house? too many voters drank his Kool-aide. Jus’ sayin.

      • brianjconway says:

        There. No problem understanding you Dave.

    • Steven says:

       I know you believe you understand what you thought I said, but I’m not sure you realize that what you heard isn’t what I meant.

      I don’t recall where I heard that, but I suspect the only reason President Obama never uses it is that HE wouldn’t follow it.

    • brianjconway says:

      and that’s why i said it the first time, or was it the… Oh never mind! Vote for Me, I’ll set you free!

  11. Ted says:

    We heard you loud and clear the first time!

  12. AmericaAwakens says:

    “It is absolutely clear that the economy is not doing fine,” Obama said
    in his correction. “That’s the reason I had a press conference. That’s
    why I spent yesterday, the day before yesterday, this past week, this
    past month and this past year talking about how we can make the economy
    stronger….”  [Quote from article].

    Yes, barrack hussein obama, ALL you have been doing for the past THREE years is TALK!  Talk is cheap, the ‘buck’ stops with you!  YOU own this economy and the repercussions of your failed Marxist policies.  You would not know how, nor have the common sense, to LEAD a horse to water.

    History will judge you for your inept handling of our economy and our country’s well- being on the world’s stage.  Historians will not coddle you!  The facts are clear about who you are and what values you stand for, which is not even close to the values 80% of America’s citizens stand for.  

    Go find another country to transform, like Kenya or Iran, to suggest a few!

    • Steven says:

       ALL you have been doing for the past THREE years is TALK!

      I WISH that were true.  But he hasn’t JUST talked.  He has pushed through what amounts to OUTLAWING private medical insurance.  He has blocked development of domestic energy resources by all means he can even claim are within his power.

      In January 2008 he said “You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.
      Even regardless of what I say about whether coal is good or bad.
      Because I’m capping greenhouse gases, coal power plants, you know,
      natural gas, you name it — whatever the plants were, whatever the
      industry was, uh, they would have to retrofit their operations. That
      will cost money. They will pass that money on to consumers.”

      He also said “So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”He IS keeping some of his promises.  Just none of those I want kept.

      • AmericaAwakens says:

        Hello Steven, thanks for filling in details that some folks may not be aware of.  I am certainly aware of and understand the numerous [FAILED] policies bho has rammed down our throats, some through his Congressional cronies, some through executive orders, some through government agency czars, and others with the help of union thugs.  He continues with his flawed ideologies while receiving piss-poor advice from the Marxist cabinet he assembled.  It was always his goal to “level the national and global playing field” to bring about a more ‘just’ [global] society with equal outcomes instead of equal opportunities for INDIVIDUALS, as written in our Constitution. 

        (Typical Progressive Democrat, buy voters by ensuring handouts go to those who believe it is the government’s job to “take care of them”.  The Dems continue to suppress lower-income citizen while publicly claiming they are the Party “trying to help them”. -THEY ARE JUST BIG FAT LIARS!-) 

        I am just amazed so many voted this green-pea post turtle into the highest office of our country without scrutinizing his past accomplishments (which are nil).   He cannot speak a word clearly without his teleprompter…which are the words of someone else, not his!  He does not know how to speak from the heart to the hearts of the country.  He is blinded by his racial and economic biases. 
        What he is also failing at is his effort to DIVIDE OUR COUNTRY by race, class, economics, and every other way to “divide and conquer”.  It has only proven to unite like-minded patriots to stand up and take the high road instead of the Road to Serfdom. 

        He is so-OO out of the White House Nov 6, 2012!!!   History will chide him for surpassing Carter’s failed presidential policies while incurring massive debt for future generations along the way.

      • AmericaAwakens says:

        Hello Steven, thanks for filling in details that some folks may not be aware of.  I am certainly aware of and understand the numerous [FAILED] policies bho has rammed down our throats, some through his Congressional cronies, some through executive orders, some through government agency czars, and others with the help of union thugs.  He continues with his flawed ideologies while receiving piss-poor advice from the Marxist cabinet he assembled.  It was always his goal to “level the national and global playing field” to bring about a more ‘just’ [global] society with equal outcomes instead of equal opportunities for INDIVIDUALS, as written in our Constitution. 

        (Typical Progressive Democrat, buy voters by ensuring handouts go to those who believe it is the government’s job to “take care of them”.  The Dems continue to suppress lower-income citizen while publicly claiming they are the Party “trying to help them”. -THEY ARE JUST BIG FAT LIARS!-) 

        I am just amazed so many voted this green-pea post turtle into the highest office of our country without scrutinizing his past accomplishments (which are nil).   He cannot speak a word clearly without his teleprompter…which are the words of someone else, not his!  He does not know how to speak from the heart to the hearts of the country.  He is blinded by his racial and economic biases. 
        What he is also failing at is his effort to DIVIDE OUR COUNTRY by race, class, economics, and every other way to “divide and conquer”.  It has only proven to unite like-minded patriots to stand up and take the high road instead of the Road to Serfdom. 

        He is so-OO out of the White House Nov 6, 2012!!!   History will chide him for surpassing Carter’s failed presidential policies while incurring massive debt for future generations along the way.

    • brianjconway says:

      For a guy that graduated from Harvard Law School, assuming he wasn’t just pushed through as part of the token negro program, he has a hard time making himself clear on what should be easily understood simple matters.

  13. Ron Dawson says:

     Do you really think Obama is paying attention or knows anything? It takes one of his handlers to help him with corrections in his hyperbolic pronouncements.  People, as well as himself, claim a superior Harvard Law Review Intellect, however any potential intellect he may possess is overcome by his infantile Ego and anal retentivity i.e., toilet training.

    • Red Ralph says:

      I would love to see Obamas thesis. He is our lier and thief not our Comander and cheif. The people in this country who vote for him are the welfare recepiants and lasy do nothings. The people on the Goverment dole. that includes unions and people who would gain from his reellection  WAKE up AMERICA or soon we will just be another third world country or a slave to China. Get a job and quit having babies for the extra money. We as a Country can not keep this crazyness up.

  14. bluefighter says:

    His main problem is not taking a real look at the cause of private sectors not looking good. Fears of governmental controls and regulations caused loss of trusts. ObamaCare is causing  businesses to worry more than its solutions. Why would they granted wavers to corporation and unions while they gave none to small businesses? 

  15. Rkz777 says:

    It doesn’t matter how blatantly obvious his leftist-socialist-communist doings and sayings are, he is in the white house for the long haul, protected by the other thug politicians who have been bought off and paid off with our money. Just a bunch of low life thugs laughing up their sleeves at us and our country, turning it into the new world order play pen. There’s talk of changing our National song “America”, and even talk of changing the American Flag to something along the lines of the united nations. Is anyone listening!

    • David says:

      Everyone is listening.  Long haul  turns into short haul if we vote. I know … one term IS a LONG haul with this piece of CRAP for a president.  VOTE !!  
      You are going to vote ……… right???