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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Neeka who wrote (36153)8/25/2010 5:34:33 AM
From: GROUND ZERO™1 Recommendation  Respond to of 103300
 
Not much of a recession for government workers, but a hard hit for everyone else.

Out of work? Behind on your bills? Defaulting on your mortgage, maybe? If so, you no doubt did not hold a government job before getting canned.

Some 2½ years after the start of the recession, the evidence is now clear: The private-sector economy took a severe blow -- but public-sector workers were spared. In fact, their numbers actually grew, albeit slightly.

This stark picture clearly reflects upside-down priorities -- particularly if officials care about boosting the truly productive parts of the economy.

Start with a few telling statistics: From January 2008 to January 2010, private-sector jobs plunged from 115.5 million to 106.8 million. But the number of federal, state and local public employees climbed up a tick, from 22.3 million to 22.4 million, as economist Veronique de Rugy recently noted. In other words, some 8.7 million private-sector jobs vanished, while the public sector gained 100,000 jobs.

nypost.com

GZ