Thursday, July 1, 2010

Growing USA gubmint does not = economic recovery

As discussed at Gateway Pundit: USA private sector has lost 10,000,000 jobs. Yes, 10 million.
Government have hired 720,000 - approx 400,000 are temporary census workers.

THIS DOES NOT EQUAL ECONOMIC RECOVERY

Stats from the National Review:

"Since the beginning of the recession (roughly January 2008), some 7.9 million jobs were lost in the private sector while 590,000 jobs were gained in the public one. And since the passage of the stimulus bill (February 2009), over 2.6 million private jobs were lost, but the government workforce grew by 400,000."

Check out the MISERY INDEX showing BHO's complete failure. Unemployment rates are high. This does not equal economic recovery.

From the Free Enterprise Nation: the stimulus has only stimulated GOVERNMENT jobs.

"However, many say that the stimulus is ONLY stimulating government programs and workers, not the revenue generating private sector.

The Wall street Journal reported in February that out of $179 billion in stimulus funds, $112 billion had been used for education, Medicaid, unemployment and other state services like food stamps. According to the WSJ, 325,000 of the jobs “saved or created” were teachers and other school staff members.

So the question stands: When are we going to stop stimulating the government and its workers and start stimulating the taxpayers who pay for them?"

Government DOES NOT MAKE ANY MONEY.
Government is paid for BY TAXPAYERS.


How do you really get the economy to recover? Dem/marxist/communist/socialist/collectivist strategies HAVE NEVER HAVE WORKED.

SO, WHAT HAS WORKED IN THE PAST? From Rush:

"By the way, Vice President Bite Me also said over the weekend that we will not recover all the jobs lost. So here we are, the summer of failure and surrender, Vice President Bite Me, no possibility to restore the eight million jobs lost in the Great Recession. Now, to put things in perspective, and before blasting Bite Me, let's look back at the Reagan recovery, remembering that Reagan inherited a far worse economy than did Obama. Reagan inherited near 20% inflation, my friends, interest rates and an unemployment rate over 7%. He didn't complain, he went to work, was a spectacular success. Nearly 20 million jobs were created under Reagan. Bite Me says there's no possibility to restore eight million jobs with Obama at the helm.

Reagan's policies of lowering taxes, spending restraint, curbs on regulation, fueled a sustained economic boom lasting 92 months. The Reagan boom created 18 and a half million new net jobs. Unemployment fell from 7.1% in 1980 to 5.3% in 1989. Inflation was 4.4% when Reagan left office. It was around 20% when he took office. To dispel another myth, Reagan did not cut taxes on the backs of the poor. On the contrary, between 1980 and '92 the average income tax rate for the bottom fifth of all wage earners fell by a whopping 263%. This is at allbusiness.com."

Look to the PAST to see what has worked and what hasn't. Growing the government DOES NOT EQUAL economic recovery.

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