Obama Backtracks…. Private Sector “Not Doing Fine” After All

This just has not been a good day for President Obama!

First thing this morning there was an out-of-touch-with-reality quip that the private sector is “doing fine”.

It didn’t take long for the RNC to respond with their own ad, which caused the President to scramble for a response of his own.

Just hours after Mitt Romney taunted Obama for being “out of touch,” the president wanted to “make it clear as he could be”… he knows there is more work that needs to be done to jump-start the economy”, saying:

“It’s is absolutely clear that the economy is not doing fine, that’s the reason I had the press conference.”