Telling the stories that the mainstream media no longer tell.

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 14 other subscribers

Archives

Categories

Follow me on Twitter

March 2017
M T W T F S S
« Mar    
 12345
6789101112
13141516171819
20212223242526
2728293031  

Voodoo Economics Pt 2: Government Doesn’t Create Jobs

Biden_Obama
Joe Biden und Barack Obama in Springfield, Ill...

Joe Biden und Barack Obama in Springfield, Illinois, right after Biden was formerly introduced by Obama as his running mate (Photo credit: Wikipedia)

In a recent report, the Congressional Research Service revealed that welfare spending has increased by 33% under Barack Obama, topping out at over $1 Trillion annually. As I pointed out in my previous post on the report, baseline spending on social programs has deliberately been driven up by the Obama administration, despite (or perhaps due to) the fact that they have failed to pass a budget in nearly four years.

Table 2 in this report revealed something that should be obvious, but is lost on Keynsians and the bureaucrats who rely on their arguments to justify their existence. A classic argument from the Left is that in order to fix our economy, we must invest in education and job training. The logic goes a little like this:

  1. Train unemployed people for a new job
  2. Tax corporations and the rich to pay for it
  3. Funnel the money through government bureaucracy
  4. ???
  5. NEW JOBS ARE CREATED!

For those of us living in the real world, it seems obvious that merely increasing the pool of available workers might not be sufficient to create jobs. In fact, the Employment and Training section of Table 2 reveals just that:

Click here to read the full post.

Enhanced by Zemanta
Similar posts

1 Comment

  1. oldsalt1942's Gravatar oldsalt1942
    December 10, 2012    

    And yet you all believed Romney was going to be able to create 12 million jobs if HE was elected president. More right-wing bullshit.

This site sponsored by:

YOU! Your message could reach thousands of online consumers. Click CONTACT to inquire about advertising rates.

Paid advertisement

  • Washington responds to House pulling the AHCA March 24, 2017
    Speaker of the House Paul Ryan conceded Friday that there are not enough votes to pass the American Health Care Act through his chamber. Ryan needed 216 votes to pass the legislation that would repeal the Affordable Care Act and replace it with a system of flat tax credits dispersed to residents based on age, […]
  • Press Release: O’Ban, Rossi say Sound Transit move to engage misses mark March 24, 2017
    The Sound Transit board passed a motion today to authorize its CEO “to continue communications and engagement with the State Legislature” in order to “pursue options to address public concerns” about its inflated car tab tax calculation method.  Sens. Steve O’Ban and Dino Rossi said the premise of the motion does not address the public […]
  • Republicans share their budget proposal, but don’t expect a deal anytime soon March 23, 2017
    The Republican Senate majority unveiled its proposed budget for the 2017-2019 biennium this week. The $43.3 billion plan to fund state government includes $1.8 billion in new money for schools, spending more than 50 percent of the state budget on education for the first time since the 1980s. Senate plan spends over 50% of state […]
  • Backstabbing in the Self-Driving Car Industry March 24, 2017
    Bloomberg has a long article about Google’s lawsuit against Uber over self-driving car technology. In a nutshell, one of Google’s top engineers, Anthony Levandowski, left Google to start a new company called Otto that was then purchased by Uber for $700 million, and Google is accusing Levandowski of taking its company secrets with him and […]
  • Transit Ridership Down 2.3% in 2016 March 23, 2017
    With little fanfare, the American Public Transportation Association (APTA) released its fourth quarter 2016 ridership report last week. When ridership goes up, the lobby group usually issues a big press release ballyhooing the importance of transit (and transit subsidies). But 2016 ridership fell, so there was no press release. The report showed that light-rail ridership […]
  • Did Nader Really Call Apple a Monopoly? March 22, 2017
    “Consumer advocate Ralph Nader, concerned about fake news prevalent on social media sites, believes Congress should weigh in with antitrust legislation targeting Facebook, Google, Microsoft and Apple,” reports the Washington Examiner. Say what? Just what do Microsoft and Apple have to do with so-called fake news? How are any of these companies monopolies? Is Ralph […]