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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (683974)	11/8/2012 10:40:40 PM
From: i-node	Read Replies (1) \| Respond to of 1571973

>> The Gross Domestic Product (GDP) in the United States expanded 2.00 percent in the third quarter of 2012 Hasn't gotten the post-election "adjustment" yet.

To: combjelly who wrote (683974)	11/8/2012 10:48:39 PM
From: i-node	Read Replies (2) \| Respond to of 1571973

>> Your thesis seems to be that schoolteachers, police, fire fighters and military people don't have real jobs. Which seems sort of strange. You either didn't read, or you didn't comprehend, what I said. It isn't that they don't have real jobs; some government workers are necessary. Government can hire people, but they don't create jobs. When government hires someone, it takes away private sector jobs. Whether a worker is government employed or private sector employed, they will spend the money they earn. But the best hiring a government sector worker can conceivably do is to compensate for the private sector workers he replaces. That's the BEST he can do. More typically, because of government inefficiency, some number (greater than 1) private workers lose jobs for each government worker that is hired. It is true that both will spend the money they earn; but private sector workers' expenditures will generate more economic activity than will public sector workers, since people spend their own money more wisely than government spends it for them.