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New Romney ad hits Obama on the "fine" economy

Presumptive presidential nominee Mitt Romney has released a Web video hammering President Barack Obama for his assertion Friday that "the economy is doing fine."

Senh: In Barack Obama's defense, the economy is improving overall the past week. Sin-Mao writes, "U.S. jobless claims last week fell for the first time since April, which is great news after May’s disappointing unemployment and job growth numbers. Another good news is that sales from wholesale businesses grew in April. Wholesale stockpiles also grew in that month, which is an indication that we should see economic growth for the April-June quarter."

 

Obama Clarifies 'Doing Fine' Comment On Private Sector Jobs

President Barack Obama, seeking to clarify comments about the strength of the U.S. economy, said later Friday it is "absolutely clear" that the U.S. economy is "not doing fine." Obama spoke hours after saying in a White House news conference that "the private sector is doing fine." Republicans pounced on those comments, saying they showed Obama had a lack of understanding about the nation's economic woes.

 

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