The Buckingham

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President Obama is currently under scrutiny for a comment he made regarding the economic situation during a White House news conference on Friday, June 8. In the meantime, Republicans have been exploiting the president’s rhetorical slip to their best advantage.

For months now, Democrats have been portraying affluent GOP presidential candidate Mitt Romney as “out of touch” in regards to the economic situation of the country. But on Friday, it was Obama who seemed to fit the description when he proclaimed, “The private sector is doing fine.”

In an unexpected reversal of blame, Romney asked about the president, “Is he really that out of touch?”

Shortly after, Obama, in damage control mode, stated that “it is absolutely clear the economy is not doing fine.” He further added, “There are too many people out of work. The housing market is still weak, too many homes underwater and that’s precisely why I asked Congress to start taking some steps that can make a difference.”

On the other hand, Obama’s campaign has often referred to the fact that Massachusetts was 47^th in job creation during Romney’s term as governor. Democrats have even argued that, if elected, Romney would implement policies that would have recessionary effects on the country.

With Obama’s gaffe, however, Romney now argues that the president lacks profound understanding of the economic situation. This comes after immense criticism that Obama’s administration has been unsuccessful in resolving the economic situation of the country.