Saturday, August 07, 2010

The peasants are revolting



Why does the government seem so detached from ordinary Americans? It's part of the job:
Some perspective is in order: since July of 2007 when the effects of the subprime-mortgage meltdown started to reverberate throughout the financial sector, state governments have added 6,000 jobs. Local governments have shed 1,000 jobs. And the private sector has lost 7,760,000 jobs. By any measure, government workers have remained mostly insulated from the effects of the financial crisis.
The stimulus and son-of-stimulus have been largely in the form of aid to states, which just subsidize their budgets, leaving little for job creation. It looks like "Recovery Summer" has been postponed.

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