Unemployment Rate Without Government Cuts Would Be 7.1%

The Wall Street Journal says “One reason the unemployment rate may have remained persistently high: The sharp cuts in state and local government spending in the wake of the 2008 financial crisis, and the layoffs those cuts wrought.”

I remember that one cause of Texas Gov. Rick Perry’s “Texas miracle” was the growth of government jobs in his state. And someone else — perhaps our bud MrMild — pointed out that conservatives have been cutting government jobs and then blaming Obama for the resulting unemployment.

via Unemployment Rate Without Government Cuts: 7.1% – Real Time Economics – WSJ.

Leave a Reply

Your email address will not be published. Required fields are marked *