At a press conference on the economy held Friday, President Barack Obama exuded indifference toward the plight of American workers, declaring that "the private sector is doing fine" and adding, "We've seen record profits in the corporate sector."
With the official unemployment rate once again rising and job-creation virtually grinding to a halt, the president heaped praise on corporate America. "Overall," he said, "the private sector has been doing a good job creating jobs."
Even by the debauched standards of American politics, these are remarkable statements coming from a president presiding over the worst economic crisis since the Great Depression. Recalling the "let them eat cake" outlook of the Ancien Régime on the eve of the French Revolution, they epitomize a president, party and political system wholly divorced from the people and entirely in the service of a financial oligarchy.
It evidently never occurred to Obama, himself a multi-millionaire and long-time political asset of corporate interests, that such statements would arouse anger among the tens of millions struggling to survive in the midst of a campaign of layoffs, wage-cutting and austerity.
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