December 20, 2013
We Lost More Public Jobs in This Recovery Than Any Other

We’re living in an age of unprecedented austerity.
Now, that sounds impossible to conservatives who know, just know, that government has exploded under Obama’s socialist watch. And that we have trillion dollar deficits—dun, dun, dun—as far as the eye can see. But I have some good news for them (though not the economy). They’re wrong. Government employment has actually fallen under Obama, and the deficit is falling fast too. 

As Ben Bernanke put it, “people don’t appreciate how tight fiscal policy has been.” And how much that’s knee-capped the economy. Take jobs. Bernanke points out that total public sector employment—local, state, and federal—has fallen by over 600,000 during the recovery alone. As point of comparison, it rose by 400,000 during the previous one.
But even this million person job swing doesn’t tell us how historic austerity has been this time.
Read more. [Image: Reuters]

We Lost More Public Jobs in This Recovery Than Any Other

We’re living in an age of unprecedented austerity.

Now, that sounds impossible to conservatives who know, just know, that government has exploded under Obama’s socialist watch. And that we have trillion dollar deficits—dun, dun, dun—as far as the eye can see. But I have some good news for them (though not the economy). They’re wrong. Government employment has actually fallen under Obama, and the deficit is falling fast too

As Ben Bernanke put it, “people don’t appreciate how tight fiscal policy has been.” And how much that’s knee-capped the economy. Take jobs. Bernanke points out that total public sector employment—local, state, and federal—has fallen by over 600,000 during the recovery alone. As point of comparison, it rose by 400,000 during the previous one.

But even this million person job swing doesn’t tell us how historic austerity has been this time.

Read more. [Image: Reuters]

  1. passionsandopinions reblogged this from theatlantic
  2. alexphil323 reblogged this from kickerofelves
  3. kickerofelves reblogged this from symbiosis
  4. anindiscriminatecollection reblogged this from theatlantic
  5. i-dont-need-anyone-now reblogged this from nommunism
  6. politiciansoc reblogged this from recall-all-republicans
  7. theottermanempire reblogged this from liberalisnotadirtyword
  8. gothpunkgeek reblogged this from liberalisnotadirtyword
  9. liberalisnotadirtyword reblogged this from truth-has-a-liberal-bias and added:
    Imagine what the unemployment rate would look like if public jobs at the federal and state level hadn’t been butchered...
  10. queermerooooar reblogged this from recall-all-republicans
  11. recall-all-republicans reblogged this from theatlantic
  12. johncsorensen reblogged this from theatlantic
  13. justarocknrollsuicide reblogged this from reagan-was-a-horrible-president
  14. imagin12 reblogged this from theatlantic
  15. bynon reblogged this from theatlantic
  16. lumsbumk reblogged this from theatlantic
  17. medrent reblogged this from theatlantic
  18. tehbewilderness reblogged this from mirtasan
  19. mirtasan reblogged this from reagan-was-a-horrible-president
  20. close-to-the-knives reblogged this from crocodileblackpelvis
  21. cthulhulovesewe reblogged this from truth-has-a-liberal-bias
  22. cable-knitted reblogged this from reagan-was-a-horrible-president
  23. eviltessmacher reblogged this from reagan-was-a-horrible-president and added:
    And that’s what the Greedy Obstructionist Plutocrats don’t want you to know
  24. unbossed reblogged this from reagan-was-a-horrible-president
  25. granoladiscourse reblogged this from reagan-was-a-horrible-president
  26. kaieffingleng reblogged this from reagan-was-a-horrible-president
  27. reagan-was-a-horrible-president reblogged this from theatlantic