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It's the economy, stupid

Discussion in 'Sports and News' started by The Big Ragu, Jun 1, 2012.

  1. cranberry

    cranberry Well-Known Member

    From a couple days ago:

    http://abcnews.go.com/blogs/politics/2012/06/government-jobs-loss-president-obamas-catch-22/


    It was actually the public, not the private, sector that shed thousands of jobs in May. While private businesses hired 82,000 people last month, federal, state and local governments wiped 13,000 employees from the payroll, according to Labor Department data.

    “The government is actually contributing to the slow recovery,” said Scott Brown, the chief economist at the Florida-based financial firm Raymond James & Associates.

    Brown said that if it were not for the “drag” of this public sector job loss, the economy would likely be growing a full percentage point faster, with GDP growing at 3 percent rather than at 2 percent.
     
  2. Baron Scicluna

    Baron Scicluna Well-Known Member

    Oh, I don't know, YF, maybe the VA disability claims, that are taking months and YEARS to resolve. You know, those claims from that little adventure we had in Iraq.

    http://www.businessweek.com/articles/2012-06-07/the-va-backlog-keeps-getting-worse

    http://militaryadvantage.military.com/2011/04/va-disability-claims-backlogged-again/


    Or, they're just telling their employees to put their 60 hours in and shut up about the overtime.
     
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