One Key Sector That's Still Shedding Jobs

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As far as I am concerned, there should only be about 10,000 Federal Government Jobs plus the military.

The House, Presidential staff, support agencies - That's it.

It used to be that getting a government job was a good thing. Now it is the worst thing there is for the economy.

There is still no incentive for corporations to invest in America. China dominates the world in manufacturing and we are it's biggest customer. And with the economy the way it is, who DOESN'T want to save money. Labor Unions,Federal Regulations, Local taxes are killing America.

John Habernathy of NE 6:32PM February 03, 2012

Thank GOD that the government sector has been "forced" to shrink! IT is probably one of the very significant factors behind the improvement in the overall unemployment rate, and better disposal of each individuals income, instead of being held up at the point of a knife to give it to workers who have (slavery enforced) higher salaries, and higher benefits, at taxpayer expense, while the taxpayer languishes - as per the recent CBO report.

It is no great kudo to predict that if the foot is taken off of the throat of unions and liberals to allow the bloated corpse of government workers to re-inflate, then our economic recovery will deflate quite rapidly. Viva Bastiat! Viva Hayek!

Michae of MD 2:33PM February 03, 2012

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Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman demystifies it and explains what matters to you. Rick is the author of Rebounders: How Winners Pivot from Setback to Success and the co-author of two other books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.

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