Obama out of touch: 'Private sector doing fine', 'fundamentals' of U.S. economy 'sound'

President Obama asserted on Friday that private sector employment in the U.S."is doing fine". The President's assertion would seem to indicate that he is either disconnected and out of touch with the American people [as Mitt Romney suggested], or that he is covering for himself. His statements in 2009 about the 'sound' fundamentals of the U.S. economy was typical Obama hypocrisy.