"The private sector is doing fine." said the president in the WSJ.

Here is the link to the quote and story. Here: from the Wall Street Journal.

The president is right, but he just wasn't supposed to say. The comments revel the depth of the public's economic misunderstanding. So read the comments.

Basically in a 2% growth economy, the business sector of the economy has record profits. And, as the WSJ article noted, they are sitting on $2 Trillion in cash.