Sunday, August 15, 2010

The "Private Sector Recession"


This graph found at the First Things blog illustrates how the recession should be called a "private sector recession." because it sure has not hit the public sector. And the graph does not even show the federal jobs, which have increased dramatically since the election of Barack Obama. There has been a half-page ad running every Sunday in the "Jobs" section in the Denver Post announcing job openings at the IRS for bilingual (fluency in both Spanish and English) agents. Hmm, I wonder why they need to be bilingual? By the way, that "Jobs" section is really tiny, except for the IRS ad. The term "private sector recession" was coined by Maetenloch at Ace of Spades.

2 comments:

  1. Maybe I didn't have enough coffee this morning, but I don't seem to get the news worthiness of this graph, or the phrase "private sector recession." Isn't it the nature of government to be consistent, and further, wouldn't that be proof of a strong system of governance? It is a good thing to have a stable government during difficult economic times. I mean in general terms, not politically. Government services and the good people doing them are not the problem here, nor do they need to be scape-goated at this time. As for the phrase "private sector recession," aren't all recessions "private sector recessions" by nature? A recession, according to my trusty dictionary is: "a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters." So, you can see maybe why I don't get this because ALL recessions are by nature private sector. And any way I thought we all might as equally be encouraged by the end of that red tail that maybe the recession has bottomed out and we're headed for recovery, right?

    ReplyDelete
  2. As Ronald Reagan said, the scariest words in the English language are, "I'm from the government, and I'm here to help."

    ReplyDelete