Immutable law of Beltway political physics: The only real jobs that a government stimulus stimulates are government jobs. A year after President Obama signed his first almost trillion-dollar economic stimulus package into law, the federal workforce is at an all-time high. The nation’s unemployment rate has swelled to 9.7 percent, but Washington’s economy is thriving.
More than 2.1 million government workers will be on the federal payroll by the end of 2010. The lobbying industry is booming. USA Today reports that 14 federal agencies have hired 3,000 workers to oversee stimulus spending and have spent nearly $190 million so far on salaries and overhead.
Just one-third of the stimulus money has been spent so far, but the White House is now hectoring the Senate to ram through yet another phony jobs boondoggle in the name of bipartisanship.
Congress is on a spending spree to convince us it is "doing something" to create jobs. Unemployment numbers are awful and getting worse, posing a looming threat to their re-election.
No comments:
Post a Comment