Obama clarifies remark about the private sector “doing fine”:
The U.S. Commission on Civil Rights on Friday voted to look into whether ‘stand your ground’ laws across the country are racially biased.
President Obama covered a lot of ground in his press conference today, but what’s sure to get the most attention is a claim he made about the health of the private economy. This is regarded as newsworthy because reporters recognize (correctly) that Republicans will use it out of context in attack ads.
Here’s the full quote: “The truth of the matter is that, as i said, we’ve created 4.3 million jobs over the last 27 months, over 800,000 just this year alone. The private sector is doing fine. Where we’re seeing weaknesses in our economy have to do with state and local government”
And, via Matt Yglesias, the data:
Read More →President Obama, earlier:
We have mechanisms in place where if we can root out folks who have leaked they will suffer consequences
President Obama will make a statement on the economy from the White House briefing room at 10:15AM. He is expected to take questions.
Watch live here.
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Read More →Late last year there was a minority view among economists that said the economy was about to perk up in a big way. And then it actually happened. And then it stopped happening. Our Brian Beutler spoke to one of the main proponents of this view to find out what went wrong.
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Mitt Romney and the RNC took in a much bigger cash haul in May than President Obama and the DNC.
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