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Why the Private Sector Isn't Doing Fine

element187 Wrote: Jun 17, 2012 1:29 PM

I agree..l it's mostly the fault of our education system. The purpose of business is to create profit and a return on investment of the owners and investors... Creating jobs is merely a byproduct of a business expanding. Progressives like Obamao merely look at business as a tool to serve government... I suspect a lot of his brain dead supporters feel the same way as well.... I guarantee you if these voters were business owners they would be disgusted with Obamao.

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Why the Private Sector Isn't Doing Fine

By now, just about everyone has had an opportunity to pick apart President Obama's fatuous remarks about how the private sector is "doing fine," while public employees are suffering. The president's comments, of course, were not even within viewing distance of reality. After all, despite some recent hiring, the private sector is still 4.5 million jobs below its 2008 employment peak. And while public employment is also down from 2008, that ignores a boom in state and local government hiring from 2006 to 2008. The current decline still leaves state and local employment about where it was in 2006. Meanwhile,...

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