Government created jobs—

The problem we have seen in every recession for decades is that they create job growth with government spending. Then when they try to rein in the spending people start getting laid off and they have to start spending out of the next recession.

Clinton came closest but still caused a recession. Every sector of job growth rates peaked in all manufacturing, durable and non-durable from 1994 to 2000 before Bush even took office. Every sector.

The only thing that was Clinton’s fault was that he was trying to balance the budget. You can’t balance the budget without causing a recession and now it has gone so far, a depression.

We passed the point of no return long ago but, use debt to keep things going. We created an illusion of growth with the tech bubble and then with the housing bubble and the debt bubble that encompassed both of the other bubbles and has been building for 3 decades.

The problem is that our administrations all listen to Keynesian advisers who swear to the President that these policies will create growth. They don’t. They create the illusion of growth with debt and government spending that can’t be reined in without causing unemployment to start rising (after lag factor kicks in which is from months to a couple years or more usually).

Related Posts:

• While we are in a depression, don’t confuse that with what the market will do.
• Sadly, Obama didn’t save us from Depression, only made it worse when it comes.
• The U.S. is in a very bad position!!!
• The investment pros keep getting on TV and saying that they are waiting for all the sideline money to come into the market………
• “Economic growth without social progress lets the great majority of people remain in poverty, while a privileged few reap the benefits of rising abundance.” John F. Kennedy

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