Sunday, September 9, 2012

Obama's Reckless Spending/Cutting is Helping/Hurting the Economy

Government spending destroys jobs, except when it creates them:


Criticizing Obama for spending too much and for cutting too much? I think Romney/Ryan are trying to have their cake and eat it too. And just in case any of you have forgotten the point I've made many times, government employment is down under Obama:

The x-axis is months since inauguration, the y-axis is thousands of jobs (i.e. -1000 is a loss of one thousand thousand, or one million)



The spike under Obama is hiring for the Census in 2010

But is anyone that is in favor of smaller government lauding Obama for his dramatic reduction in public-sector employment? Not a chance. Instead, they're claiming government employment is way up, in stark contrast to the facts. At the same time, members of the GOP are lamenting the jobs threatened by budget cuts. Budget cuts, if you'll recall, that they insisted upon making in return for raising the debt ceiling.