US job-count failures

Caroline Baum on effects of the US Healthcare reform, with respect to the Obama administration's claims of job creation. (Bloomberg)


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How many small businesses are holding off on hiring additional employees until they know what additional burdens Congress will impose on them in the name of health-care reform? How are expectations of higher health-care costs affecting consumers’ current spending, which in turn affects output and employment? (Only in government la-la land can you provide more health care for less money.)

In the face of a 10.2 percent unemployment rate and growing doubt about government claims of jobs created, the administration is standing by its 640,329. After all, Devaney has “no doubt that there’s a lot of jobs being created.” It’s just a question of how many.

One million? 640,329? It’s close enough to zero for government work.

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Having the above coupled with the coming "Climate-Gate" carbon-tax policies, no actual economic recovery would likely commence until the wrongs are put right. Here too, politics in NZ presently has largely followed American, Euro-centric influence.

Recent revelations on Climate-Gate,

Somebody must address these tough issues, and voice hard questions! Truth conquers all.