In the attached article Tom Blumer at PJ Media explains that Obama didn’t back away from his statement at all.
- He never retracted his contention that “the private sector is doing fine,” only saying that “the economy is not doing fine.”
- He insisted in his response that the private sector “has not been the biggest drag on the economy,” when for all practical purposes the economy is the private sector, and it has been the biggest drag.
- He still believes, after well over three years of proof to the contrary, that the road to recovery is historically ineffective Keynesian demand-side stimulus.
- He still believes that it is a proper role of the federal government to prop up state and local governments which refuse to reform themselves.