Yes, Virginia, bloggers ARE smarter than the Obamassiah
Essentially, civilian participation in the workforce peaked at 63% or so at the start of the recession, and then it began to decline. The stimulus spending did nothing to halt the slide, and may have even accelerated it. But wait, isn’t that backwards? Wouldn’t spending increase jobs? Nope. We actually learned this in the Great Depression, though you have to search hard to find someone that actually mentions it. FDR pumped a bunch of money into the system doing WPA jobs and big construction projects. Some of those were very beneficial, though you’ll find (if you look) that many of the projects were vectored towards states that were solid votes for FDR/Democrats and/or toss-up states that needed a boost. Solid Red states got very little money. Anyway, in those states where the feds dumped money, most of the private business stopped spending, mostly because they didn’t have workers to hire. They were all busy doing cheap make-work instead of putting capital back into the system.
We’re on the verge of doing this again. There’s so much government money going into the system that private enterprise doesn’t have anyplace to go. If you look at the markets least affected by the crisis (tech, retail… it’s affected, but by lack of spending, etc.) they’re the ones that also don’t have the government legislating for jobs. Meanwhile energy is in the dumps, even without BP, because all the money and jobs are going to green, which actually reduces jobs overall. And construction is in the dumps based in part on the fact that the government is paying workers to redo roads that don’t need to be done.
How sad is it that our president, and his team of “excellence” are so clueless? So completely clueless. Or, is this not cluelessness but a deliberate act to bring more Socialism into America?
Gatordoug
darcprynce
Dave C
