Government has shrunk: where are the jobs?

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    Jul 08, 2011 9:06 PM GMT
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    Jul 08, 2011 9:19 PM GMT
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    Jul 08, 2011 9:27 PM GMT
    http://research.stlouisfed.org/fred2/graph/?id=USGOVT

    Select your starting point as 1/2009 and you'll get the exact chart.

    It's so like you, SB, to confuse numbers. Like thinking the FDA can function on millions instead of billions.

    Maybe you should live in a much smaller country.
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    Jul 08, 2011 9:34 PM GMT
    It's government workers, dumbass. Not just fed. icon_rolleyes.gif
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    Jul 08, 2011 9:35 PM GMT
    Sigh, how can one make sense to somebody who won't listen?

    It's ALL government, not just Federal government.
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    Jul 08, 2011 9:39 PM GMT
    But back to the question: Republicans say, cut government jobs and you'll have more private jobs. No "crowding out," as they say.

    Where are the private jobs?icon_rolleyes.gif
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    Jul 08, 2011 9:48 PM GMT
    Because they are both wrong.

    Austerity will not create jobs. (other factors that coexist with austerity may do so)

    Inadequate stimulus will not create a sustained increase in jobs.

    And any fears of runaway inflation are not proven by fact, at least not for the US.
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    Jul 08, 2011 9:55 PM GMT
    Christian73 saidIt's government workers, dumbass. Not just fed. icon_rolleyes.gif


    22M government employees across all the full spectrum of government (municipal, county, state, federal) is possible.

    But the chart titles could also be a bit misleading - "Government Jobs declining under Obama" and "All Employees - Government (USGOVT)" could easily lead one to infer that we were only talking about the federal government.

    Also: are term employees and contract employees covered under this?

    The drawing down of activity in Iraq as well as a general decline in renewal of federal contracts (usually the first jobs to get sliced in a recession) might be a significant factor.
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    Jul 08, 2011 10:07 PM GMT
    Wars are not intended to be long term--that's why they work as stimulus.

    WWII was short and we paid off the debt relatively quickly. Iraq and Afghanistan aren't short by any stretch of the imagination.
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    Jul 08, 2011 10:11 PM GMT
    Don't mean to sound negative, but I think that the 9.2% unemployment rate for June is the new normal. I'm afraid there won't be much a decrease in the rate until the US starts a new manufacturing or technological revolution such as the Dotcom success of the 90's.
  • rioriz

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    Jul 08, 2011 10:17 PM GMT
    It is hard to argue that this administrations economic policies are working when nearly all of Obama's economic team are no longer around. He is having to start over and let's not use the excuse of give him another term to work it out. That is what got Bush a second term. I have little patience for any politician nowadays repub or dem...
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    Jul 08, 2011 10:27 PM GMT
    All the fiscal expansionists have quit, and with good reason--Obama has become a Republican and have endorsed their official doctrine of expansionary austerity.
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    Jul 08, 2011 10:33 PM GMT
    q1w2e3 saidAll the fiscal expansionists have quit, and with good reason--Obama has become a Republican and have endorsed their official doctrine of expansionary austerity.



    lol... you can't spend money that you haven't generated yet.

    Assuming of course, we could even convince our major foreign creditors to let us crank up the printing presses and hyperinflate our way out of the mess we are in.

    And socialism (and its milder variants that rely upon egregious government spending and meddling, i.e. the Welfare State) is only good until the wealthy no longer have an inclination to remain taxable citizens. icon_wink.gif
  • GQjock

    Posts: 11649

    Jul 08, 2011 10:43 PM GMT
    q1w2e3 saidSigh, how can one make sense to somebody who won't listen?

    It's ALL government, not just Federal government.


    It's what you get all the time with republicans
    images?q=tbn:ANd9GcRG8N3DtVsDNTtG5JpP5Km
    (and SB? Don't try and say you're an independent ... because you're a republican Blanche YA ARE)
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    Jul 08, 2011 11:17 PM GMT
    alphatrigger said
    q1w2e3 saidAll the fiscal expansionists have quit, and with good reason--Obama has become a Republican and have endorsed their official doctrine of expansionary austerity.

    lol... you can't spend money that you haven't generated yet.


    Bush apparently didn't realize that when he started his long term wars and Medicare Part D expansion. And now we have less credit when all that money ($3.7 trillion by some estimates) could have been better spent, e.g. as part of an adequate stimulus.

    Treasuries are still in demand, you'll notice.
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    Jul 08, 2011 11:36 PM GMT
    Back to the original question: If government has shrunk, where are the jobs?
    http://www.offthechartsblog.org/state-and-local-job-losses-are-largest-since-1955/
    StateGovPayrollShrink-7-7-11_opt_BLOG.jp
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    Jul 09, 2011 12:12 AM GMT
    southbeach1500 saidIf the Obama economic plan works, why hasn't it worked?


    It has worked. It would have worked better without the relentless 2.5 years of Republican obstructionism.
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    Jul 09, 2011 12:55 AM GMT
    southbeach1500 said
    Christian73 said
    southbeach1500 saidIf the Obama economic plan works, why hasn't it worked?


    It has worked.


    Oh.


    Christian73 said
    southbeach1500 saidIf the Obama economic plan works, why hasn't it worked?


    It would have worked better without the relentless 2.5 years of Republican obstructionism.


    Fantasy. If that were true, we would not be saddled with the albatross that is Obamacare.


    Would that be the health care reform plan that will save trillions?
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    Jul 09, 2011 4:57 AM GMT
    southbeach1500 saidIf the Obama economic plan works, why hasn't it worked?





    If tax cuts for the rich create jobs, why did the Bush Jr. tax cuts for the rich produce the worst job creation on record?
    http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/
  • GQjock

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    Jul 09, 2011 1:26 PM GMT
    southbeach1500 saidIf the Obama economic plan works, why hasn't it worked?


    Because the Obama plan was never fully implemented
    the stimulus was insufficient and he allow the Bush Tax cuts to continue

    That's why

    Question for SB...........

    After twenty five years of republican economics
    Tax cuts
    Deregulation

    What does the right wanna see to recover the jobs that were lost

    ?
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    Jul 09, 2011 2:32 PM GMT
    rioriz saidIt is hard to argue that this administrations economic policies are working when nearly all of Obama's economic team are no longer around. He is having to start over and let's not use the excuse of give him another term to work it out. That is what got Bush a second term. I have little patience for any politician nowadays repub or dem...

    You can't reason with these people. Fortunately, poll numbers and record of historical reelections with high unemployment indicate an excellent chance of leading to the change we need. The core of folks will remain on the sidelines protesting, clinging to their ideology, but it won't matter.