Obama Puts Faith in Private-Sector, as Corporate America Goes on Investment Strike

by Roger Bybee

Each day, President Obama and his surrogates spread out across the land, singing the praises of the "private sector" job growth for which they desperately hope. Treasury Secretary Timothy Geithner is even proclaiming that the "recovery" is actually advancing much more rapidly than the eye can see.

Geithner's carefully-crafted boast is a tone-deaf insult to the intelligence of American voters. Fully 20 percent of households have watched their family incomes drop by 25% or more since the beginning of the recession.