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Zero Private-Sector Jobs Created Since 1998
IBD's Capital Hill ^ | 2/5/2010 | Jed Graham

Posted on 02/05/2010 8:23:22 AM PST by Slyscribe

Some analysts are focusing on the positive in the jobs report: a gain in temporary jobs, decent hiring outside construction, and a drop in the jobless rate.

But these silver linings shouldn’t cloud the depth of the labor market’s woes. Factoring in a modest 12,000 drop in private payrolls in January and revisions to prior data that wiped out another 1.4 million jobs, private nonfarm payrolls were at their lowest level since November 1998.

(Excerpt) Read more at blogs.investors.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: economy; government; jobs; private

1 posted on 02/05/2010 8:23:22 AM PST by Slyscribe
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To: Slyscribe
The private sector in today's America, is simply screwed as government continues to bloat...The Private sector's only purpose is to prop up of millions of government employees, their government unions, their opulent benefits, salaries, and their lottery style government retirement benefits...

All on the backs of the tax payers.

2 posted on 02/05/2010 8:27:50 AM PST by dragnet2
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To: dragnet2

“The Private sector’s only purpose is to prop up of millions of government employees, their government unions, their opulent benefits, salaries, and their lottery style government retirement benefits...”

...and guarantee their job security. It’s nearly impossible to get fired in the government. BTW, DC area feds got a pay increase of 2.42% for 2010. IMO, feds should not have received any raises. Isn’t it enough that they have secure and comfortable jobs while the rest of the country is suffering?


3 posted on 02/05/2010 8:41:42 AM PST by Starboard
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To: Slyscribe
Here's your jobs....


4 posted on 02/05/2010 8:46:10 AM PST by Last Dakotan
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To: dragnet2

I agree that something needs to be done about the growth of government jobs, and their pay and benefits. But take a government job or starve, I will take the government job. The simple solution of getting rid of government employees without an increase in private sector jobs will destroy this country.


5 posted on 02/05/2010 8:54:25 AM PST by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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To: Slyscribe

The stats are accurate, but the headline is misleading. It should read:

“All 6 million private sector jobs gained since 98 - lost since Obama nomination”


6 posted on 02/05/2010 9:04:05 AM PST by crescen7 (game on)
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To: LuvFreeRepublic

No, cut the government workers free and let them adapt, whether as employees or entrepreneurs—while there’s a lower tax structure for all.


7 posted on 02/05/2010 9:04:59 AM PST by 9YearLurker
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To: 9YearLurker

If there is no environment for job growth or there is no favorable environment for entrepreneurs, then you will have a lot of people starving to death. Starvation brings chaos and results in people looking to the government for survival. You are more than welcome to wish starvation on your fellow Americans though. I would prefer we find different solutions to resolve the problems facing this country.


8 posted on 02/05/2010 9:11:42 AM PST by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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To: LuvFreeRepublic

There is no environment for job growth precisely because the government is starving out enterpreneurial spirit. Cut the government bloat and the money being stolen by government, and the latter in private hands will inevitably generate jobs. You need to stop placing your faith in socialist mediocrity.


9 posted on 02/05/2010 9:24:45 AM PST by Liberty1970 (http://www.caringbridge.org/visit/lydiablievernicht)
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To: LuvFreeRepublic

And why isn’t there an environment for growth other than intrusive government policies and taxation? Let the private money that would otherwise go to government employees be circulated within the private sector—including in purchasing services previously provided by the government. We’re a long, long way from having a single bureaucrat starve.


10 posted on 02/05/2010 9:26:21 AM PST by 9YearLurker
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To: Slyscribe

“Hello, welcome to Waddle Burger. Would you like to super-size and get a side order of Glucophage with that?”

Oh wait, that should probably be en Espanol.


11 posted on 02/05/2010 9:30:14 AM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: Liberty1970
I do not place my faith in socialist mediocrity, nor do I agree with “simple” solutions that with a minimum amount of rational thought would lead a reasonable person to the conclusion that the solution would make matters worse. You hit one of the nails on the head though. Cut the bloat (waste) and put the money back into the hands of the private sector, but the regulatory environment needs to be adjusted first. Getting rid of government employees without having a game plan on how their salaries can be used to generate more jobs, will increase the number of unemployed. That will result in less spending that will also increase the number of unemployed.

With all due respect, in the future I would appreciate it if you would not tell me what I need or not need to place my faith in, especially when your assumptions are wrong.

12 posted on 02/05/2010 9:33:54 AM PST by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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To: 9YearLurker

Intrusive government policies and taxation is what is destroying this country. Get rid of the policies and reduce the taxes. Just getting rid of government employees won’t fix the policy/taxation issues.


13 posted on 02/05/2010 9:36:27 AM PST by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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To: LuvFreeRepublic

Government payrolls and pensions are closely tied to the taxation and intrusion. Who do you think is doing the intruding and where do you think taxpayer funds are going?


14 posted on 02/05/2010 9:43:07 AM PST by 9YearLurker
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To: 9YearLurker
Change the regulatory environment and you change the world. Do nothing to the regulatory environment and you have solved nothing. We need to put the people in office that can cast the tough votes. That in turn will fix the government employee pay/benefit issues, and it will create favorable business environments, which will fuel private sector job growth. To date, our elected officials have been casting their vote with the goals of getting money in their pockets and getting reelected, IMO.
15 posted on 02/05/2010 9:52:09 AM PST by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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To: LuvFreeRepublic
Getting rid of government employees without having a game plan on how their salaries can be used to generate more jobs, will increase the number of unemployed.

That's the mindset of centralized planning. We don't need a centralized plan. We need to return the money to the citizenry, and let them make up their own plans to use their own wealth. That is how the maximum amount of real value is generated, because then people are getting what they, personally, desire, rather than getting what someone else has decided for them.

16 posted on 02/05/2010 10:44:34 AM PST by Liberty1970 (http://www.caringbridge.org/visit/lydiablievernicht)
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To: Liberty1970
We need to return the money to the citizenry,

I agree, and that would be what I call "the game plan". Right now if you get rid of gov employees, their former salaries will go to fund their unemployment benefits, food stamps, etc. This will generate a guarantee reelection for whoever gives this to the former gov employees. Remember there are not enough private sector jobs to employ all the unemployed workers as it is.

Hypothetical: left over money from the former gov salaries and benefits is then given to Al Gore's friends so they can invest in green technology. Then private companies will be forced to use very expensive green light bulbs. These private companies won't be able to afford the expensive green light bulbs so they will lay off private sector employees. Then these private sector employers will pay more for unemployment insurance. The former private sector employees will then receive unemployment, food stamps, etc.

The problem is that we do have central planning and you are correct in that it needs to be adjusted. Figure out the game plan, which is put people in office that can cast the tough vote, and then gov employee salaries/benefits are adjusted and the money flows into the private sector instead of back to the idiots that have cast their vote in their own best interest. We need to put the right horses before the cart. Right now we have jackasses pulling the cart in the wrong direction. The more people that are dependent on the government for their survival, the less likely the problems will be fixed.

17 posted on 02/05/2010 11:06:38 AM PST by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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To: LuvFreeRepublic
For example, open ANWR, close the border, send illegal aliens home, stop shipping private sector jobs overseas. This may be a good start, and I suppose is some of what you have in mind.


18 posted on 02/05/2010 11:31:52 AM PST by magooey (then - NO JUSTICE! NO PEACE!, now - NO DATA! NO WARMING!)
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To: magooey
that just cures the symptom not the disease.,

. the disease is envionmentalism (EPA restrictions) and the banking system being in bed with politics,

the US is a consumer economy is based on the buying and selling of debt, no production = net loss

the cow has been milked to death, Economic Winter is fast approaching, and there is no hay stored in the barn

19 posted on 02/05/2010 12:01:07 PM PST by KTM rider ( ..........tell me this really isn't happening ! !)
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To: magooey

Your examples are good. Now we just need to find politicians that are not afraid to make the necessary changes.


20 posted on 02/05/2010 12:41:12 PM PST by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
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