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On the one hand, it’s clear that government (ie, Obama) has stimulated private sector job growth:
The September jobs report was just released and demonstrates that America is on a far slower path to recovery than anyone originally predicted. Despite this, the shedding of government jobs cloaks a glimmer of hope: more private sector jobs have been created this year than during the entire Bush administration. Read that again: 2010 has had more private job creation than during the entire 8 year tenure of George W. Bush.
This is the 9th straight month of private sector job growth in the midst of a devastating recession that has put a serious strain mostly on the poor and middle class. There has been a total of 863,000 private sector jobs created in 2010, exceeding the total created under the Bush/Cheney regime.
On the other hand, it’s clear government (including Obama) has destroyed private sector job growth:
The unemployment rate has risen again for the the first time in 4 months. I predicted a growing, long-term unemployment problem last year.
Indeed, even after the government plays with the numbers to make them look better (using inaccurate birth-death models and other tricks-of-the-trade), this is how the current jobs downturn compares with other post-WWII recessions [see chart above].
In fact, as demonstrated below, the government’s actions have directly contributed to the rising tide of unemployment.
The Government Has Encouraged the Offshoring of American Jobs for More Than 50 Years
[...] The Government Has Encouraged Mergers
[...] The Government Has Let Unemployment Rise in an Attempt to Fight Inflation
[...] The Government Has Allowed Wealth to be Concentrated in Fewer and Fewer Hands
Can anyone explain to me:
Why government spending on military technology and health science have been enormously successful BUT government spending on techs to address other problems are doomed to failure?
How efficient is private allocation of capital when the biggest players just appropriated several hundred billion dollars for themselves?
How can big private innovation happen in energy, personal transport, and increasingly tech when most of the effort is spent trying to lock new ideas/competitors out of the market?
#41–Chris==you ask:
Can anyone explain to me: /// I don’t know if anyone is posting today, but here’s my shot at it:
Why government spending on military technology and health science have been enormously successful /// “successful”–how? Not in terms of a free market because that is not the market it engages.
BUT government spending on techs to address other problems are doomed to failure? /// Again, you have to pick and define your terminology. What tech is “doomed” to failure? I can think of many that are winners: Nat Health curing smallpox for instance and on and on.
How efficient is private allocation of capital /// very to not at all depending on “the market” being considered.
when the biggest players just appropriated several hundred billion dollars for themselves? /// as stated: different markets with different players.
How can big private innovation happen in energy, personal transport, and increasingly tech when most of the effort is spent trying to lock new ideas/competitors out of the market? /// It still happens over time and is and will be motivated by current resources becoming more rare and expensive, replaced by new cheaper tech. You see this in LED lighting devices today. I just replaced my D Cell Flashlights with LED models because LED will be cheaper to operate. and on and on.
Chris–your concerns reflect a failure to define what you are talking about. When you conflate all issues together, all you are actually talking about is your imagination and basic personality outlook on life.
Learn, focus, define.
#15–Animby==”My god Jim, I’m a doctor-not a lexographer!” /// Ha, ha. Animby, do YOU realize your use of the word “meme” is but jumping on the same train of gaining useage/acceptance that you criticize the very worthy use of “sheeple” for? How does the language find and establish new words/memes even without overcoming the lack of flexibility and acceptance of the new such as you so uncharacteristically express? At least you didn’t say “paradigm shift?”
Nothing wrong at all with meme, sheeple, moran, pwned, or may I add LIEberTARD, to the new vocabulary gaining force by the internet?
Meh!
#43 Bobbie – As usual, you’re just looking for an argument. Sadly, I’m running late this morning and cannot oblige you. I will say that words like “sheeple” seem to pretty much limited to one subgroup relegating it to the realm of jargon. I’ll change my mind when it makes an appearance in the OED. “Pwned” seems to have lost momentum already but I think “moran” is gonna make it. “LIEberTARD”? Sorry – not a chance.
Now, if you’ll excuse me, I have a plane to catch.
Animby–whenever you have the time, I’d like to refudiate your Luddite ante status quo position.
And whats wrong with, how else does it ever occur, except for a subgroup to offer up the new lingo?
OED? Is that like the repository of Latin or sumthing?
May the angels be your copilot.
Banksy and The Simpsons have seen the future of American powerhouse manufacturing.
Graphs can be made to look like anything. It just depends on what you use for the center point.
Obama has instilled zero confidence in our economy. He has done nothing but spend money we don’t have on shit we don’t need. He has circled the globe apologizing for our success. He has constantly attacked employers. He attacks people who invest, but has given them absolutely zero confidence to influence them to invest. And now, he basically want to raise taxes on every single American who employs citizens during a bad economy.
Obama is a failure as a president. Yes, he gives great speeches. He makes a great presence. But he knows dick about leading. He blows at inspiration. All he knows is how to threaten and spew out cheap words.
Derek–the one thing I most admire in Obama is how he brings out the humanity in people like you.
Slug.
And about nothing else is to like about Obama
>more private sector jobs have been created this year than during the entire Bush administration.
Just ignore all the jobs lost before that. The one year shows substantial job gains. Much less than the amount lost, but it is more than 8 years of the Bush Admin. Well only if you include the big negative at the end, otherwise it is much smaller creation, but hey work with me.
Actually I’m confused as to how they got the claim about more private sector growth than 8 years of the Bush Admin. Going to the BLD site they link to, and searching for private sector jobs instead of total, I find in the civilian employment numbers, much greater job gains under BUsh than Obama.
The administration can boast about the number of jobs “saved or created.” But those numbers have no meaning if one does not take into account the number of jobs lost.
If 300 jobs are “saved or created” but 500 jobs are lost, that’s still a net loss of 200 jobs.
If the Corps dont hire people, LET the gov do it and CHARGE it to the corps.
Lets get a few Infrastructure jobs DONE..
Lets build a FEW schools..
Fix the highways..
MikeN…I’m too lazy to look it up this morning, but I clearly recall the claim that Bush, if not re-elected, would have been the first prez in history to have fewer jobs when leaving than when he arrived.
Don’t know what happened between 05 and 07….must have been some big gains??
I find it humorous how the conservatives like to blame two years of Dem congress for the effects of policies created by 12+ years of Republican control. Spin much? Or, those Dems are really powerful.
The GOP has been betting against the country as their core political power strategy since Obama was elected, blocking everything he has tried to do and then blaming him for not being able to do it.
#54 You’re partly correct. The part that you’re not correct is that is not only the GOP that bet against America.
#28 Wages aren’t that big a factor in manufactured products…Both Germany and Japan opened factories here, in the past, labor is cheaper.
Taxes, regulation and unions drive manufacturing out.
Government drove it out.
People won’t walk down your street, if you mug, rob and rape them…no matter how you desperately want them to.
Progressives in both parties drove them away.
The oil drilling slowdown/moratorium excellent current event example.
Progressives must be relegated to the fringes of society if we are to regain our prosperity and freedom to open businesses, and own property the Government doesn’t control.
Progressives destroyed America, and are destroying it…we must rise up and expunge them from our schools and government…before its too late…and we become a third world fascist state with Nanny Government dictating precisely how you are to live your life, what car you will drive, what materials your house will be made of, when and how much energy to use, what products it can be used on etc etc. ad infinitum.
Then DU will post articles about the Fascist American State.
Vote all lying Democrats out, and progressive Republicans…all progressives must die, figuratively speaking of course.
Lawsuits drives business out also. Phoney lawsuit almost drove me out…cost me $30,000+ in legal fees until they settled…for $1,500 dollars.
It was extortion…they thought I’d settle for $50,000, because it could have cost $150,000 to defend myself…but I lucked out when my insurance company changed its mind, and defended me…THEN they settled.
I’m not alone, businesses are targeted by Congress via regulation and enforcement of regulations, tax law, Epa, to spawn exponential growth of Lobbyists bearing them gifts.
Lawyers target business with phony lawsuits.
Without tort reform…and a constitutional govenment (commerce clause needs to be overturned), we are finished as a prosperous country…we are consuming ourselves, eating our own flesh as it were.
>Bush, if not re-elected, would have been the first prez in history to have fewer jobs when leaving than when he arrived.
He’s probably not the only one with a 4 year negative term, but this claim will almost certainly apply to Obama as well.
I think I’ve found the right charts, and it shows no private sector job growth under Bush, 2008 wiped out all the gains of the previous 3 years.
http://yfrog.com/74prijobsp
Here’s the actual total private sector employment numbers that goes along with the figure above. It shows the growth to date is not much, and suggests some creative editing in making that first graph.
# 56 “Both Germany and Japan opened factories here, in the past, labor is cheaper.”
That’s because companies from both of those countries have governments which support those industries around retooling, training, research, and investment guarantees. Ironically, if you look at your typical Toyota or BMW plant south of the Mason Dixon line, you’ll find a state which subsidized the building and operations of those plants.
Is that socialism? Or fascism? Or statism? Or whatever the loons call it?