Big government under Obama? Not so much
The number of public sector jobs has shrunk by more than 700,000 on his watch. It grew by 1.75 million during George W. Bush's terms. Here's why.
While Democrats are thought to be proponents of "big government," some new data about public sector employment during President Barack Obama's tenure is shedding surprising light on the subject.
Public sector jobs -- positions in federal, state and local government -- have declined by 718,000 jobs since Obama took office, according to the economics blog Calculated Risk.
Under his Republican predecessor, President George W. Bush, the number of public sector jobs swelled by 1.75 million, the blog found.
There's a big caveat with the findings, though. Most of the public sector jobs lost during Obama's tenure are due to cutbacks at the state and local level, the study notes. While reductions in federal spending might have affected state and local employment, the decisions to reduce headcount would have been made at those local levels.
On the jobs front, that disparity in public sector employment has marked one of the contrasts between the recovery seen under Bush, who took office as the bursting of the dot-com bubble sparked a recession, and that of Obama, who took office as the Great Recession was leading to foreclosures and layoffs.
As for private sector jobs, a net 665,000 were lost during Bush's two terms. The recovery has also been sluggish under Obama, but the country has added 2.28 million private-sector jobs since he took office, the report notes. Some big companies that are hiring include Oracle (ORCL), Dell (DELL) and Amazon.com (AMZN), Business Insider recently reported.
The trend of fewer government jobs under Obama has been noted previously. According to a January 2012 piece in The New York Times by Floyd Norris, government employment has declined in only six years.
Those happened in 1981, 1982 and 1983 -- the first three years of the Reagan administration -- and in 2009, 2010 and 2011, Norris wrote. The more recent drops represent the first three years of the Obama administration and this trend has extended into 2012, according to Calculated Risk.
While Obama might not be content with the public-sector job losses, it doesn't appear that big government is getting any bigger under his watch, at least when it comes to employment.
Follow Aimee Picchi on Twitter at @aimeepicchi.
Big Government is not only Gov't workers, it is also the Administration getting into people's business and taking away rights.
Cut Gov't and put people to work building something in the private sector, not just taking taxes from those that do the actual work and giving benefits to Gov't workers beyond what the taxpayer gets for his labors.
As for Aimee Picchi, she writes another article every time the DNC releases another talking point.
disability ONLY grew by 100% since DEAR Leader has taken reign !
14 million DEADBEATS on the dole. 4 years ago it was "Only" 7 million. EVERYONE hurt their backs at one time !
Foodstamps - RECORD high only 45 million
fraud WAY , WAY WAY UP !
MSN - take your lefty lies and shove it !
Massive government spending and budget deficits apparently don't count as big government.
Your internet transactions are about to get sales taxed by all the states no matter what. See "National Internet Tax Mandate, S. 743"
These are the senators who voted to stop the blocking effort on this (THEY SUPPORT THE TAX):
|Alexander (R-TN) |
|Fischer (R-NE) |
When the jobs are in your district, they're essential and need to be preserved. When they are in some else's district, they're pork and need to be eliminated. Even the most penny-pinching congressmen and senators will fight to keep federal jobs in their state.
Meanwhile, the fake Cry of wealth distribution continues from low information voters while the wage gap has expanded for 40-1 to 400-1. There has been so much stealing by the poor and middle-class that soon, the already wealthy will move from the current 90 percent ownership of everything to 100 percent ownership of everything. The poor and the middle-class will own ZERO percent.
The top one(1) percent own 42% of the privately held financial assets.
The top five(5) percent own 72% of the privately held financial assets.
The top ten(10) percent own 80% of the privately held financial assets
The top twenty(20) percent own 95% of the privately held financial assets
The bottom eighty(80) percent own 5% of the privately held financial assets
The bottom forty(40) percent have virtually no financial assets.
The day of reckoning for the treasoness federal child is coming. They and the enabling lawmakers responsible will have to be spanked --- black and blue by the states; at whose leisure they exist to begin with.
Obama supporters are sickening as they distort the true story! Private sector jobs are down due to his Obama Care and other taxations! State & local government employment are down because they were just too damn big, local entities could not increase taxes in an age of declining earnings by the few of those employed. Seniors have seen their overall taxes go down because the Obama Federal Reserve has dropped their interest rates to near zero. The latter results in old people cutting their spending drastically so as to live on their reduced income. Savers do not spend income they do not have unless they have no alternative! Even with low interest rates, people with no jobs can not buy houses and spend! No spending equals a damn poor economy!
Answer : Cut federal taxes -get rid of the free ride by non-productive cronic unemployed and/or illegal immigrants, get rid of Obama Care, increase interest rates, reduce the head count of federal employees and the pay levels of those who remain (includes senators and rep.s), get rid of the czars Obama hired that could not even cope with the sequestor without trying to screw the tax payers!
It's bad when sites post info using outdated information. Check out Who Rules America: Wealth, Income, and Power. This article shows the figure in 2010 already almost touching the top twenty percent owning 90 percent. Again, the Markets have soared along with Record Profits and incomes to the already wealthy. Now it 2013. Not hard to figure that figure has gone up, not down for the top twenty percent asset owners.
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
- Jan crude oil traded in negative territory today, slipping to a session low of $96.26 per barrel in morning pit action. Prices rose to a session high of $97.05 per barrel but pulled back heading into the close. The energy component eventually settled 1.0% lower at $96.53 per barrel, bringing losses for the week to 1.2%.
- Jan natural gas rose to a session high of $4.44 per MMBtu in late morning pit trade but slipped back into the red as the session progressed. ... More
More Market News
Most people hate the idea, according to a recent poll. But the government is inching closer to allowing airlines to make the final decision.