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January 04, 2009

Does Obama Want To Create 600,000 New Government Jobs?

If you do the math, it seems like it.

The president-elect says he wants to "create three million new jobs" -- this is a change from a few weeks ago, when he said he wanted the plan to create OR SAVE two million jobs.

He says the "No. 1 goal of my plan ... is to create three million new jobs, more than 80 percent of them in the private sector.

If you do the math: 20 percent of three million means 600,000 new government employees.

Am I the only one who read that and thought of this from Stuff Thomas Jefferson Said, 1st Edition Revised, July 4, 1776 ?

"He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance."

(and no, that's not a call to revolution, don't be that guy)

Again, if printing money and putting people on the government payroll is the pathway to prosperity, why aren't tin-pot countries like Zimbabwe the richest nations on Earth?

He also repeats his promises to raise taxes on the top 5% of earners (who already pay most of the taxes). Yet this is the cohort most likely to invest in emerging technologies and create new jobs. How does penalizing this group or the people who aspire to be a part of it, help create new wealth for anyone? Naturally it doesn't.

Obama keeps talking about how 'greening' government buildings is going to be a cornerstone of his plan. Does he not understand that that's not wealth creation but make work? Of course he does but that's a feature not a bug of his plan.

He's not Lincoln, he's FDR. And he has huge working majority in both houses of Congress.

More: Want to see what huge public payrolls get you, aside from an over regulated country? Look at what Instapundit has complied about the current and future public employee pension funding crisis.


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posted by DrewM. at 06:12 PM

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