A Dam Has Burst. More People Admit That Public Sector Cuts Are Holding Back The Recovery

[applegrove]

A Dam Has Burst. More People Admit That Public Sector Cuts Are Holding Back The Recovery

by Joe Weisenthal at Business Insider

http://www.businessinsider.com/aei-mark-perry-maybe-the-private-sector-is-doing-fine-2012-7#ixzz226ntqxY2

"SNIP...................................

Earlier we pointed to an article in the WSJ which made the correct observation that it's public sector spending declines that are really holding back economic growth.

This is an idea we've been hammering for awhile. Back in early June, we defended Obama's 'doing fine' comment, noting how private sector growth was much more robust than that of the public sector.

But now the idea really seems to be going viral.

In a blog post over at conservative think tank AEI (!) professor Mark Perry has a post titled: Maybe private sector is doing fine? Growth in post-recession “private GDP” (3%) is above average.

.......................................SNIP"

[elleng]

1. Good but who are the people who 'admit?'

Indeps? Undecideds? Represented by repugs in congress? THAT'S what we need.

[Cali_Democrat]

2. So austerity hurts economic growth.....

Well I'll be damned!!! I had no idea!!

Of course Obama was right. Krugman was right. Reducing public sector spending is hampering the recovery and the private sector is seeing 3 percent growth which is a healthy clip.

Never listen to the GOP. They WANT to tank the economy.

[freshwest]

4. 'Never listen to the GOP. They WANT to tank the economy.' Well said!

[freshwest]

3. It's been the destruction of the living part of infrastructure, the nation's knowledge base.

The training and experience of these people are going to waste and harming all those who benefited directly or indirectly.

[applegrove]

5. This is great. It is part of the narrative that the GOP obstructed Democratic plans to help jobs.

It is one of the legs such a narrative stands on. Very important.

[bvar22]

6. Well Gee Whiz...Austerity is working so well everywhere else.

Oh Wait.

No it isn't.

My Bad.



You will know them by their WORKS,
not by their rhetoric, promises, or excuses.
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[1-Old-Man]

7. Not surprising, its also public sector layoffs that keep the unemployment rate high

[Fantastic Anarchist]

8. Exactly.