Saturday, June 26, 2010

Understanding the Obama Economy

From National Review:

Since the beginning of the recession (roughly January 2008), some 7.9 million jobs were lost in the private sector while 590,000 jobs were gained in the public one. And since the passage of the stimulus bill (February 2009), over 2.6 million private jobs were lost, but the government workforce grew by 400,000.

It's important to remember who pays for those government jobs. It's the millions of Americans who used to have private sector jobs and now don't.