You can see the whole study at Self Evident Truths: New Study: Stimulus Bill Destroyed One Million Private Sector Jobs. Private jobs are what pay for government jobs, not vice verse.
A recent study by Timothy Conley from the University of Western Ontario, Canada Economics Department and Bill Dupor of Ohio State University Economics Department shows that the stimulus bill, passed in 2009 to “save” jobs and get the economy back on track, actually destroyed one million private sector jobs:
Our benchmark results suggest that the ARRA created/saved approximately 450 thousand state and local government jobs and destroyed/forestalled roughly one million private sector jobs. (Here’s the PDF of the study.)
What leftist doctrine doesn’t seem to grasp is that public sector jobs, while employing people, exist only if the private sector can generate wealth. This study shows what common sense should have provided when the Pelosi/Reid Congress was in charge – Keynesian economics is a bankrupt philosophy that has the capacity to bankrupt entire countries.
When will people realize that Liberals fail at basic economics? Conservatives are better at protecting you, keeping you employed, keeping you from being destroyed in the womb, protecting your kindergarteners from learning how “normal” LGBTQ behavior is, and more.
I think it is less that liberals fail economics than they just fail to look at the consequences of their actions. Surly it must be something other than the stimulus that cost all those jobs! That and some liberals think one public sector job it worth more than a private sector job since public jobs are not dirtied by all that profit stuff. We knew this when they passed the stimulus, just proved elections count and the country got what it voted for in 2008.
I think some liberals know prefectly well the consequences of their actions, and it fits their adgenda.
SST, I think you are correct.
The more people you have at the government trough, the more Demokrat voters you have.
Well said.