The president said the U.S. economy is doing fine. How far out of touch with reality can he be? He wants to put more borrowed money into public-sector jobs. While many of them are necessary, they don't produce income for the economy. My Economics 101 professor told our class that new wealth came from the minerals (coal, petroleum, iron, etc.), soil (wheat, corn, cattle, hogs, lumber, etc.) and the sea (fish and other aquatic life). The president and his administration (like the EPA) throw obstacles in the way of bringing this new wealth into the economy. This basic new wealth would result in thousands of jobs as it's produced, refined, transported and provided to the people to buy and use. These activities would provide tax revenue to pay down our debt, and hire firefighters, police officers, teachers and health care providers. We might even be able to buy a “thingamajig” to stimulate Obama's economy.