Tuesday, December 09, 2014

Not so fuzzy math

Often I think focusing on the jobs scoreboard obscures the more important story of the overall 40 year trend of stagnating wages and erosion of benefits and general concentration of wealth among the very narrow top echelons of society.

But it is a fun way of quickly exploding political hypocrisies as Oyster demonstrates here
During the most recent Bush era, which spanned eight years and included large tax cuts, the country LOST 462,000 net jobs in the private sector and gained 1.7 million government jobs. This record was praised, after the fact, by Jindal, Sen. Vitter, and Rep. Steve Scalise among many others. Why?

Because they are sworn to uphold supply-side voodoo economics, no matter the facts.

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