Obama: Don't Buy the Economic 'Snake Oil'

Obama speaks after touring the Saft America Advanced Batteries Plant in Jacksonville, Fla., on Friday. (Photo by JIM WATSON/AFP/Getty Images)

President Barack Obama on Friday delivered an upbeat assessment of the still-healing economy, but he also warned against betting on "snake oil" and "chasing false promises" to continue the recovery. Yet, his message was often met with lukewarm applause by a Florida crowd.  

The pejorative clearly was aimed at Republican presidential front-runner Donald Trump and the rest of the GOP field.  And while the president did not name the Democratic Party’s likely nominee, his call for a “steady, persistent” hand to “finish the job” of healing the economy could be the start of a long wind-up to endorsing Hillary Clinton.