"He said the private sector is doing fine. Is he really that out of touch....For the president of the United States to stand up and say the private sector is doing fine is going to go down in history as an extraordinary miscalculation."
Ben Smith notes that this might be a seminal moment in the campaign, akin to John McCain's assertion in 2008 that "the fundamentals of the economy are strong."
Obama has not succeeded in selling an expansive Keynesian vision of an aggressive government role, and he's mostly stopped trying, and so his comment sounds as out of touch now as McCain's did almost four years ago.
Via Hot Air, here's Mitt Romney's rip in Iowa today.