The Chamber Seeks Feedback
On June 8, 2012, while speaking at a press conference, President Obama made the statement, “the private sector is doing fine.” President Obama attributed the struggling economy to job losses in local and state government, which he said are the result of cuts by elected officials faced with budget shortfalls.
John R. Lott Jr., a Fox News contributor, discussed the comment from a different point of view, stating that since the recession “private sector employment is down by 4 percent and state- and local-government is down by half that – 2 percent” (Fox News.com) Lott also says, “between 2007 and 2010, annual wages also grew 40 percent faster for state- and local-government workers than for those in the private sector” (Fox News.com)
Lott’s analysis differs from that of President Obama, though the President later explained that he meant, relative to state and local government, the private sector is doing better.
The West Virginia Chamber of Commerce would like to gather input from its members. Do you agree with the President’s comments about the private sector? What do you feel is the best method for the Chamber to inform President Obama about how his policies and actions affect business in West Virginia?
Lott, John. “The Private Sector Is Not Doing Fine, Mr. Obama.” Fox News. FOX News Network, 11 June 2012. Web. 12 June 2012.