Barack Obama, Private Sector | featured news

...The point Obama was trying to make, however inartfully, was that the private sector was performing far better than the public sector...

President Barack Obama, seeking to clarify comments about the strength of the U.S. economy, said later Friday it is "absolutely clear" that the U.S. economy is "not doing fine." Obama spoke hours after saying in a White House news conference that "the private sector is doing fine." Republicans pounced on those comments, saying they showed Obama had a lack of understanding about the nation's economic woes.

Recent trends hold with the Labor Department reporting a gain of 140,000 private-sector jobs last month but a loss of another 20,000 government jobs. It's a monthly ritual in the race for the White House.

President Barack Obama sees a clear and encouraging trend on the economy, citing fresh reports showing private-sector job growth and lower unemployment....

President Obama said Monday the public and private sectors must find more ways to create jobs to continue the U.S. climb out ...