Private Sector Growth Stronger Now Than Previous Six Years.

[Drek]

For those wanting to know what exactly is dragging our economy down:

http://3.bp.blogspot.com/-3ksqWXFNets/UBP4TchCleI/AAAAAAAAT5U/zWmtysHvYSg/s1600/gdp.jpg

LINK (http://www.mjperry.blogspot.com/2012/07/maybe-private-sector-is-doing-fine.html)

Looks a hell of a lot like our biggest economic hurdle is major gov't. (local, state, and federal) pull back during a recession that is keeping us in this quagmire.

Private sector is showing more consistent growth than at any point since before 2006, typically above 3% which is considered good (~2-2.5% is what is needed to have more job creation than job loss).

But the government has been consistently negative for the first time in about three decades.

So what it really comes down to is this: If you're a budget hawk who wants a tiny government you have no leg to stand on when you bitch about the economy. You can't have it both ways. What is going on now is only the start of the labor pains to deliver that "small government" baby so many cry for. Now picture what it will look like if we refuse to increase federal revenue while attempting to bridge the budget deficit. We could see gov't. consumption and investment break -10%, driving the economy on the national scale back into another recession. Sounds like fun.

[Fedaykin]

It's amazing how many wingnuts and 'baggers don't understand that cutting government means a corresponding loss of jobs. Every dollar spent eventually lands in someone's hand. It doesn't just disappear into the void.

Doesn't mean we shouldn't cut -- only that you can't have your cake (big cuts in government) and eat it to (reduced unemployment).

[Fedaykin]

And of course, this is what the following is about:

http://www.realclearpolitics.com/video/2012/06/08/obama_the_private_sector_is_doing_fine.html


Though, you have to have some integrity to understand that -- which explains, of course, why the wingnuts and 'baggers don't.