Barack saying the private sector is doing fine was his tragic moment.
Just like GHW Bush saying Read My Lips: No New Taxes.
Tragic for him maybe... what a colossal blunder to show his true beliefs - he had the entire media hiding him and he opened up on his own... in spite of the media protecting him. LOL is all I can say.
He really believes the public sector growing is what is important - hence is dufus statement "the private sector is doing fine". He may as well have said "the private sector doesn't matter anyway".