A good point from Carpe Diem–why target these sectors for “stimulus?”
Posted by Liberty on January 30, 2009
“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.”
As a Conservative, I have no illusions about what this stimulus bill is composed of and why it is being implemented. But I have to wonder why the average person doesn’t grasp what a sham it is. I guess because they don’t talk about this kind of thing on American Idol.
Professor Perry’s post has a graph illustrating unemployment by market sector and also a link to the original article by Alan Reynolds at the Cato Institute.
This entry was posted on January 30, 2009 at 10:32 am and is filed under Bureaucratic ineptitude, Just plain dishonest, Liberalism, Redistribution of wealth, Socialist economics, Stupid legislation. Tagged: Alan Reynolds, American Idol, Carpe Diem, Cato Institute, Government waste, Stimulus, Unemployment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.