Keyboard Combat: The 'Stimulus' Actually Raised Unemployment

Wednesday, February 24, 2010

The 'Stimulus' Actually Raised Unemployment

-The 'Stimulus' Actually Raised Unemployment Alan Reynolds Cato Institute: Commentary

What was the first clue?

2 comments:

Cogito said...: No doubt it caused greater unemployment in the private sector, but it saved government jobs as the public sector is only experiencing a 3% unemployment rate.

Government can not create jobs. Since government can't create wealth it can only take wealth from the economy via tax increases, borrowing or printing money. In essence, government takes money from one sector of the economy and transfers it to another. Ergo, a zero-sum game.

It is all a B.S. effort to suggest Congress is actually doing something when they are not.

Scott Brown has to go at the next election in favor of a candidate with conservative economic values.; February 24, 2010 at 4:18 AM
Cogito said...: No doubt it caused greater unemployment in the private sector, but it saved government jobs as the public sector is only experiencing a 3% unemployment rate.

Government can not create jobs. Since government can't create wealth it can only take wealth from the economy via tax increases, borrowing or printing money. In essence, government takes money from one sector of the economy and transfers it to another. Ergo, a zero-sum game.

It is all a B.S. effort to suggest Congress is actually doing something when they are not.

Scott Brown has to go at the next election in favor of a candidate with conservative economic values.; February 24, 2010 at 4:19 AM

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