Barack Obama Stimulus Could Suck the Life Out of the Private Sector Economy
Update on 2/12/09: A previous version of this post incorrectly described the sector of the economy which could be impacted. It is the private sector economy.
By Michael Barone, Thomas Jefferson Street blog
Joel Kotkin makes a serious indictment of the stimulus package "as a massive bailout and expansion of the public-sector workforce as well as quasi-government workers in fields like health and education." One of the things we're likely to see in the next few years is a vast expansion of the public sector work force (as has happened in New Labour's Britain), with public sector employee unions taking their slice in the form of union dues and putting much of that money into electing Democratic (and sympathetic Republican) politicians. It threatens to ratchet up the private sector—much of which is in state and local rather than the federal government—as a part of our economy, a leech that sucks the life out of the public sector economy. By the way, if you think this is a partisan screed, Kotkin is a Democrat.
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Tags: economic stimulus | government intervention
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Reader Comments
OBAMA MANIA
I remenber now where, I have seen Barack "Hussein Obama and his wife before. The famous movie "The Planet of the Apes". The Economist british magazine has insulted the american people,when they put this monkey in their magazine cover as George Washington crossing the Delaware.
Shame on those liberals Britons!
NO~~~~~~~~~no
I THINK U SHOULD LEAVE B~~O A LONE NO THAT MY OPOAN OK THANK U VERY MUCH
Clean house
Ironically when all is done Obama may actually destroy our entitlement system and solve this problem that has skewed American thinking since the great depression.
Go OBAMA,! Destroy this economy so the pheonix that is Americas greatness can rise again from the ashes of your deceit and The lefts exceses!
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