Posted on 06/09/2010 5:48:48 PM PDT by Kaslin
Concerning the job numbers from May, one can almost echo Henry James' exclamation after examining letters pertaining to Lord Byron's incest: "Nauseating, perhaps, but how quite inexpressibly significant."
Except that the May numbers' significance can be expressed: A theory is being nibbled to death by facts.
Private-sector job creation almost stopped in May. The 41,000 jobs created were dwarfed by the 411,000 temporary and low-wage government jobs needed to administer the census.
Last year's stimulus having failed to hold unemployment below 8% as predicted, Barack Obama might advocate another stimulus — amending Article I, Section 2 of the Constitution, which mandates a census every 10 years. If it were every year, he could take credit for creating 564,000 — the current number of census takers — permanent jobs.
May's 41,000 jobs were one-fifth of the April number and substantially fewer than half the number needed to keep pace with the normal growth of the labor force. This is evidence against the theory that a growing government can be counted on to produce prosperity because a government dollar spent has a reliable multiplier effect as it ripples through the economy from which the government took the dollar.
(Excerpt) Read more at investors.com ...
Oh, I’m pretty certain we’re screwed.
There isn’t much uncertainty.
The socialists are in charge, and they’ve run out of other people’s money to spend. They need MORE, which means we are SCREWED!
The dems do not want to see jobs created.
The dems are anti business, anti free enterprise, anti open markets, anti competition, anti success, anti capitalism.
The dems are instead fascists, Marxists, socialists, xommunists, economically dumb, financially insane, immoral, unpatriotic, treasonous, degenerate scum.
People who count on dems to get them work belong in a straight-jacket in a maximum security booby hatch.
I have always said that anyone who thinks the democrats are good for the economy are only fooling themselves, and it shows that I am correct
Cheers!
Yes they are, but so are the chamber of commerce types in local and state governments who all now have economic development committees that waste all kinds of money on consultants, new logos, sponsoring businesses they like in the name of “innovation”, and bribing companies to come to their town or state. It’s just a gussied up version of the Soviet 5-Year Plan and it fails just as miserably. I don’t know how we got to the place where even conservative citizens came to believe that government can manage or produce progress and prosperity. Pretty much everybody thinks like a Dem now - almost everyone believes government has the answers.
We are doomed indeed.
... which means we are SCREWED!
Oh, I’m pretty certain we’re screwed.
Do you guys ride the same bus? Are you just trying to cheer everyone up?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.