Tuesday, 28 May 2013

The Public Sector under Obama


Courtesy of Bill McBride's Calculated Risk ( see the whole article) here is a graph of public sector jobs under a number of different Presidents.
Obama clearly stands out.





The point has been made here before but I make it again. If the public sector payrolls had have grown as much as under Reagan or Bush then the Fed would be now raising rates!

The public sector has hindered recovery in the US this time around !