Wintery Knight

…integrating Christian faith and knowledge in the public square

Obama: private sector job creation is “doing fine”

From CNS News.

Excerpt:

“The private sector is doing fine,” Obama said at a press conference on Friday. “Where we’re seeing weaknesses in our economy, have to do with state and local government — oftentimes, cuts initiated by governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don’t have the same kind of flexibility as the federal government in dealing with fewer revenues coming in.”

State and local leaders were not the only ones to blame for a bad economy, as the president also blamed Republicans in Congress.

What are the facts? Is Obama right?

Here is a comparison of public and private pay in Ohio, for example:

Ohio Average Pay: Public vs. Private

Ohio Average Pay: Public vs. Private

Does Obama know how to create jobs? Let’s compare him to Bush:

Labor Force Participation 2012 (click for larger image)

Labor Force Participation 2012 (click for larger image)

There is no recovery. We haven’t created any jobs. We’ve actually lost 5 million jobs since the Democrats took over the House and Senate in January 2007.

When George W. Bush was President, we had unemployment around 4 or 5 percent for 8 years, which deficits as low as $160 billion in 2007. Barack Obama has had four budget deficits of a trillion or more in a row, and his unemployment rate has been double Bush’s rate. Bush has an MBA from Harvard and had private sector job creation experience. Obama doesn’t know anything about economics. He’s a lawyer who benefited from affirmative action, and who has never released his grades. You can’t elect an unqualified person and get performance.

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