From the US, three pictures worth three-thousand words, about 8.4 million jobs:
Just something else that those promoting further stimulunacy should think about.
This is what economists like Frederic Bastiat and Henry Hazlitt meant when they said that,
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
Notes the Casey Report,
Since January of 2008, the private sector has shed 7.9 million jobs, reflecting a decline of 6.8% in total private employment over the past 30 months, while the federal government has added 469,000 jobs, indicating an increase of 17.1% over the same period.”
Hardly needs further commentary, does it. For more words, however, about why the jobs have disappeared, head to the blog The Economic Collapse.
And if you want to be reminded how Australia’s Stimulus Destroyed 77,000 Manufacturing Jobs …