James Pethokoukis

Politics and policy from inside Washington

Is the amazing American jobs machine broken?

October 21, 2009

This chart, constructed by the Vice President’s office via BLS data, would seem to indicate just that:

grossjobcreation

Comments

Needs a third line for “undocumented immigrants.”

Posted by CG | Report as abusive
 

There are 3 groups of people in any economy; call them A, B and C

Group-A goes to work and creates wealth.
Group-B chooses to live on the generosity of Group-A, through taxation and charitable giving.
Group-C is truly unable to care for themselves and relies on charity.

To have a vibrant economy with social justice the Government must ensure that Group-A can and does go to work. This requires infrastructure and reasonable taxes. Failure to do this will cause Group-C to die. The logical conclusion is that the cuts in government spending need to be from the program politicians have used to buy the Group-B votes.
Jobs are created by the activity of Group-A, if we continue to reduce the size of Group-A our economy cannot create jobs.

 

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