Obama: The 'Weaknesses In Our Economy' Are Due to Cuts in State and Local Gov't "The truth of the matter is that … we've created 4.3 million jobs over the last 27 months, over 800,000 just this year alone," he said in response to a question. "The private sector is doing fine. Where we're seeing weaknesses in our economy have to do with state and local government," which, he said, isn't getting the support it needs from Washington. http://online.wsj.com/article/SB1000...hatsNewsSecond