Morning Bell: The Private Sector is Not “Doing Fine”

[Valin]

The Heritage Foundation :

Amy Payne

June 11, 2012

 

In now-infamous comments on Friday, President Barack Obama informed America that

This, of course, was news to the 12.7 million people who are out of work and the millions more who are struggling with the part-time jobs they can find, or have simply given up looking.

 

While the President’s comment is astoundingly out of touch with the public—and economic reality—perhaps even more distressing is that this wasn’t a passing verbal gaffe. This is actually a consistent talking point of the President and Democratic leadership that goes largely unchallenged by the media.

 

(Snip)

 

This government-boosting strategy also ignores the fact that it has been tried before and found wanting. President Obama’s first trillion-dollar stimulus plan was a failure (and a waste). And Europe is in the shape it is because of years of government largesse. Ironically President Obama sought to focus the media’s attention on Europe on Friday in an attempt to divert it from his own economic mismanagement.

 

(Snip)

 

[clearvision]

This idea that it is government employment that is the problem needs to be killed off quickly. Even if government laid off lots of employees it is now (or at least needs to be) a private sector problem because the government can not afford to hire them back in the future or throw money at them thru special projects.

[NCTexan]

Obama and the DEMs view the private sector... funding the public sector.... so that the public sector will spend in the private sector.... so that the private sector can keep producing to pay for the public sector... as a kind of economic perpetual motion machine.

 

This cartoon explains their thinking and the reality of the situation pretty well.

 

[Valin]

@clearvision @NCTexan

 

 

Care to have a headache?

CGP: Morning Bell: The Private Sector is Not “Doing Fine” (The Heritage Foundation)

 

 

We really do live in two different worlds.