Aug 18
Via the Corner
The chart above charts jobs claimed to saved by the Stimulus boondoogle versus jobs lost. Read his post for details, but I’ll explain it another, shorter, way here:
Blue lines represent public union sector jobs “saved” (temporarily).
Red represents private jobs, like yours, gone (for a long time)
Note that the red lines are actually smaller than they will be after job losses are restated based on actual data not estimates.
August 19th, 2010 at 7:34 am
One interesting viewpoint, but the economics of the Crash are far too complex to be represented by a single comparison. Facts are great, but useless for any predictions or policy without an understanding of the mechanism that produced those facts. Nearly equally important are the facts that did not happen and why, and those cannot be measured, only hypothesized. For example, how many jobs were not lost in the private sector because public jobholders kept spending money?
August 19th, 2010 at 11:03 am
Oh.. so now you believe in trickle down? Only from state employees to private. That’s rich!
There may be some of that. For instance the coffee shop owner next to a busy state building, or a dry cleaner keeping those Feds looking sharp.
But… hardly worth impoverishing future children. And EASILY exceeded in other non political buy-off ways.
I know you like Obama cause he is black and “we need that” but come on, the man is a dangerous joke. Those who voted for him ought to be ashamed, and those who still support him need psych care.