Harry Reid thinks the private sector is just fine
Seriously. He does:
“The massive layoffs we have had in America today, of course, are rooted in the last administration, and it is very clear that private sector jobs are doing just fine. It’s the public sector jobs where we have lost huge numbers, and that’s what this legislation is all about,” he said.
BLS doesn’t agree:
Since the president’s January 2009 inauguration, total private sector employment has dropped by 1.6 million, though 2.5 million jobs have been added to the private sector since the term low in February 2010.
He’s doing this for a reason. The last stimulus targeted almost exclusively the public sector. It obviously didn’t work. Unemployment rose sharply. When the public sector funding under TARP ran out, a strange thing happened. Unemployment stayed the same.
In other words, TARP spending under the public sector obviously had no real impact on the unemployment rate.
But, that’s exactly what Reid and Obama want to do again. So, they have to make a new argument. That argument is the private sector doesn’t need help. The public sector does.
On face value it sounds really stupid. Republicans will have a field day with this.
On paper, it looks really stupid.
Reality, it just IS really stupid.
Obama and Reid have declared war on the private sector in every capacity. It’s wrecked our economy for a decade to come. This is just more of the same. The Occupy Wall Street bunch are simply tools for Obama that have bought into his theme ( and been bought too ). Corporations are evil, unions are their savior. It’s sad, and it’s sick.
Just wonder how many people really believe all this crap?