Obama is cheering over this.
Yet he states that he has a long way to go to completely change this country. There are still some private sector companies still breathing, tho huffing and puffing, and some are on life-support.
Obama and McNerney need another term to completely stamp out the private sector.
BTW: I'd be interested to hear the Editor of the Pleasanton Weekly's reaction to our economy, given that he/this paper has been such proponents of Obama, McNerney and all other anti-private sector Democrats.