27 January 2006

For job growth, this has been one stinky recovery

A succinct quote by Max Sawicky that eloquently summarizes the nation's economic landscape after five plus years of Bush-o-nomics.
It happens that the extent of actual job growth can be accounted for by growth in public sector jobs. And there's nothing wrong with that. However.

The upshot is that the triumph of Republican-conservatarian economic policy consists of an expansion of government jobs financed by loans from the Communist Peoples Republic of China.