Let me see if understand this: You originally posted a quote that suggested we’re living in a conservative dream-world in which government has shrunk over the past two years, and that this has caused economic stagnation. Now you’re arguing that things have gotten better these last two years because of Democrat policies. I don’t think there’s a consistency here, but I have to tip my hat to the partisan dexterity.
In, as Yglesias likes to say, a “decent world,” we’d all agree that (1) a job loss chart can’t tell the whole story of the economy, (2) the job loss chart doesn’t reflect the number of people who have given up and dropped out of the labor market, and (3) throwing red and blue colors on a chart doesn’t mean you’ve shown causation.
Nope. I’m pretty clearly pining for a world in which the media questions conservative desires and their likely outcomes based on real world observations. How’s austerity working out in the UK? How’s government-based job loss affecting our larger economy, re: the jobs chart? Why do you think more job loss at the hands of state and local cutbacks will magically create jobs when, in fact, more people will be out of work and have no money to spend in the broader economy? That sort of thing.
I’m also saying that in a world with larger implementation of “Democrat policies” that the jobs graph would look better than it does. That’s not “partisan dexterity,” it’s cold reality. Government funded jobs are jobs. Period. People are employed to do something and receive a paycheck. That money feeds back into the larger economy. As the private economic situation improves, those government backed jobs can begin to taper. It’s no coincidence that the steepest climb in that chart is also the period of highest government stimulus and the graph flattens as the stimulus ends.
Predictably, we’re also seeing exactly this model play out in the auto industry. Government directly funds US auto companies. Those companies and their suppliers remain in business. People are employed. Conditions improve. Companies repay government and go their merry way. And but also: no Serious People seem to notice. Ever.
Far from it. The conservatives and their media enablers act as if none of this has transpired. Cuts today, cuts tomorrow, cuts forever! Couple that with some high income tax breaks and a ban on abortions and the country would start to grow again! Huzzah!