Private Sector Job Losses -- Government Job Gains


By: Les Carpenter III
Rational Nation USA

The chart above is based on data from the Bureau of Labor Statistics.. Hmm... 

While the private sector has lost almost 8 million jobs since the start of the current recession in January 2008, the public sector (Government) has created 590 thousand. Since the passage of the so called stimulus bill in February 2009 the public sector added 400 thousand jobs. The private sector on the other hand has lost 2.65 million jobs since the pork barrel bill was passed. 

If memory serves... Didn't the EIC (Economist In Chief) claim the package would create 3.5 million jobs? Perhaps the EIC was using fuzzy feel good numbers to arrive at his grandiose claim. Or perhaps he meant 3.5 million jobs created over the next decade. Whatever the logic it doesn't seem to be working for him. In addition the EIC is growing the nation's budget deficits even faster than GWB did.

One has to wonder when, or if the guy will ever "get it." Government cannot now, nor could it ever "create" jobs. Creating jobs is the function of the private sector and it is best left to the consumer of goods and services to create the demand that will result in job creation. 

Perhaps it was best said in these words from Ayn Rand... “The only way a government can be of service to national prosperity is by keeping its hands off.”

Cross posted at Rational Nation USA.

4 comments:

  1. Les - Keynsian economics defies basic economics and has never worked. I implore any progressive-collectivist to show me where it has. Did we not learn any lessons of the Great Depression?

    ReplyDelete
  2. Tim - This response will appear as a comment from Linda, my wife.

    No, I don't believe we learned a thing. You are perhaps more optimistic than I.

    ReplyDelete
  3. Perhaps it is the youth talking, Les - I hope not!

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  4. Tim - By the way Linda said to say thanks for the e-mail. Seems she somehow lost it (deleted inadvertently) as she was familiarizing herself with her new lap top.

    I know think I shall have to purchase a lap top, I love hers!!

    ReplyDelete

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