Axelrod Dismisses Obama Economy Remark

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President Barack Obama’s remark that the private-sector economy is “doing fine” will have little effect on the November election, his campaign’s senior adviser said, even as Republicans continued to spotlight the comment to gain political ground.

“I think the American people are smarter than that,” Obama aide David Axelrod said on ABC’s “This Week” program yesterday when asked whether Obama would suffer lasting damage from the June 8 remark he made to reporters at the White House.