Despite High Unemployment And Slow GDP, President Obama Thinks 'The Private Sector Is Doing Fine'

PRESIDENT OBAMA: "The private sector is doing fine." (President Obama, Press Conference, 6/8/12)

• 'Sometimes I Forget' "So it was a house of cards, and it collapsed in the most destructive, worst crisis that we've seen since the Great Depression… Sometimes I forget..." (President Obama, Remarks At A Campaign Event, Seattle, WA, 5/10/12)

'Meager' Economic Growth, 'Anemic' & 'Tepid' Job Creation

Current Unemployment Rate 8.2% (Bureau Of Labor Statistics, Accessed 6/8/12)

• LA Times: "…disappointingly small number of jobs for the third straight month." ("Unemployment Rises To 8.2% In May As Job Growth Stalls Again," Los Angeles Times, 6/1/12)

• USA Today: "… payrolls gains were disappointingly tepid for a third month..." ("Unemployment Rate Ticks Up To 8.2%, 69K New Jobs In May," USA Today, 6/1/12)

• New York Times: "…anemic jobs report..." ("The White House Strikes 'Recover' From Response To Jobs Report," The New York Times, 6/1/12)

• Washington Post: "A dramatic drop-off in U.S. job growth…" ("Markets Tumble On Weak Unemployment Report Amid Fear That U.S. Recovery Has Stalled," The Washington Post, 6/1/12)

• AP: "…dismal jobs data…" ("US Employers Still Waiting For Sales To Pick Up," The Associated Press, 6/1/12)

Real GDP Growth 1^st Quarter 2012: 1.9% ("Table 1.1.1, Percent Change From Preceding Period In Real Gross Domestic Product," Bureau Of Economic Analysis, Accessed 6/6/12)

• AP: "That's a meager pace nearly three years after the recession officially ended in June 2009. And it's too slow to generate many jobs or to lower the unemployment rate." ("Global Economy At Risk As US, Europe And Asia Slow," AP, 6/3/12)

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