$646,214 Per US Government Job
By Mark Perry on January 31, 2009 | More Posts By Mark Perry | Author's Website
House Democrats propose to spend $550 billion of their two-year, $825 billion “stimulus bill” (the rest of it being tax cuts). Most of the spending is unlikely to be timely or temporary. Strangely, most of it is targeted toward sectors of the economy where unemployment is the lowest.
The December unemployment rate was only 2.3% for government workers and 3.8% in education and health. Unemployment rates in manufacturing and construction, by contrast, were 8.3% and 15.2% respectively. Yet 39% of the $550 billion in the bill would go to state and local governments. Another 17.3% would go to health and education - sectors where relatively secure government jobs are also prevalent.
If the intent of the plan is to alleviate unemployment, why spend over half of the money on sectors where unemployment is lowest?
~Cato’s Alan Reynolds’ article “$646,214 Per Government Job“
Financial ETFs Still Remain Vulnerable
China Owns The Heavy Stone
I’ve Noticed A Profitable Pattern
Contrary To Conventional Wisdom, When China Drops Its Currency Peg, The Immediate Benefits Will Flow To The Chinese, Not Americans
Societe Generale Tells Investors How To Prepare For Potential “Global Collapse”
Thai Shares Tipped To Open Lower - 7 mins ago
Indonesian Stocks May Open Lower - 40 mins ago
Australian Market Trades Higher - 48 mins ago
Hang Seng Poised To Extend Losing Streak - 1 hr ago
New Zealand Visitor Arrivals +8% On Year In Oct - 1 hr ago



