Saturday, September 12, 2009

Mean Street: The Obama Jobs Disaster, Continued - Deal Journal - WSJ

Certainly America’s businesses have kept hiring to a minimum. Job openings dipped to a record low 2.4 million in July. And precious few of these openings will be found in Silicon Valley or on Wall Street. Try the U.S. government or a nursing home instead.

It’s ironic. Two big chunks of our economy are poorly-run and pretty much broken: our government and our healthcare system. But those are the only places where there is any job growth.

Such is the paradox of Obamanomics. It grows those parts of the economy that we need to shrink — and shrinks those parts of the economy we need to grow.

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