Private sector fine? No, better

Demonstrating once again that a sound bite is worth 10,000 words, President Barack Obama has been raked over the coals in recent days for what amounted to a six-word aside: "The private sector is doing fine." He said it a press conference last Friday in the context of how the economy is recovering, and how jobs are being created overall but certain segments (housing, construction, teachers, police and firefighters) are not performing as well.

June 11, 2012