Dems Get It Exactly Wrong On Jobs - Latest Headlines - Investors.com

Dems Get It Exactly Wrong On Jobs - Latest Headlines - Investors.com: "Overall, the private sector has lost 16 jobs for every job lost in government since 2007. Even if you correct for the relative difference in the size of the two job markets (see chart above), the private sector has still lost three times more jobs than the public sector.

Is this surprising? It shouldn't be. The federal government's $840 billion stimulus effort was almost entirely aimed at bolstering government, and bailing out industries and unions that support Democrats.

Reid's remarks reflect his party's dishonest complaints about "austerity" and "draconian cuts" in federal spending. As new data show, federal spending jumped 5% in 2011. Some austerity.

This why the typical household in the Washington metro area — where government is the No. 1 employer — earned $84,523 last year, or 69% higher than the national median of $50,046. Federal employees took home $126,000 — two and a half times the U.S. median.

"

'via Blog this'