"The big challenge we have in our economy right now is state and local government hiring has been going in the wrong direction." Moments earlier, Obama uttered the now famous remark: "The private sector is doing fine."
So, now we have it. Basically, the President is saying that the private sector is an irrelevancy. All that matters are government workers.
We knew all along that the President really didn't like free enterprise, but yesterday's comments truly say it all.
Even thought the President made an effort later in the day to to "clarify" his remarks, the remarks speak for themselves and explain a lot about the economic policies and the economic results of the Obama Administration.