Romney Calls Obama's 'Private Sector Is Doing Fine' Remark 'Out of Touch'

President Obama is already taking heat for a remark he made earlier on Friday in which he asserted that the "private sector is doing fine." GOP rival Mitt Romney attacked the comment, saying it will "go down in history" as an extraordinary miscalculation by an out-of-touch president.

During a campaign stop in Iowa, Romney didn't skip a beat, latching onto what even the Huffington Post labeled a "gaffe." The Republican presidential nominee said Obama's remarks led him to ask: "Is he really that out of touch?" He added that Obama is "defining what it means to be detached and out of touch with the American people."

Romney's aides say his campaign will continue to give Obama grief on the matter.

The comment revived memories of a statement Republican nominee John McCain made in 2008, during the economic turmoil, that the economy's fundamentals were sound.

The Associate Press contributed to this story