A blind economic dogma

Can you believe President Obama said this at a press conference last week?
 
“The private sector is doing fine,” the president said during his Friday morning White House press conference. “Where we're seeing weaknesses in our economy have to do with state and local government. … If Republicans want to be helpful, if they really want to move forward and put people back to work, what they should be thinking about is, how do we help state and local governments?”

What is most telling about his statement is the president's blind dogma when it comes to economic growth: government enterprise is better than private enterprise. Why else would this president say the private sector has created enough jobs? This makes absolutely no sense and is just downright frightening coming from the leader of the world's largest economy.

The president hasn't changed his mindset when it comes fiscal austerity. Just recently, regarding the European Union, he called for more — not less — government spending, a recipe for a continental breakdown of the economy. This is a set of 19 countries on the verge of economic collapse that requires U.S. leadership and a U.S. example, and he fails on both counts.

He's probably the only person in America who would continue reaching these insane and out-of-touch conclusions. Where are the president's economic advisers? Who is advising that these are good ideas?

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