How Government Stifles Private Industry Jobs

                 

Unfortunately, government spending does not produce private industry jobs. Yet: It has become a mantra of the Administration. It is Keynes Economics 101. It's repeated over and over. It does not work. It did not work during the Great Depression. It did not work for stimulus efforts and all other allied spending programs. It certainly did not work for Greece and other failed economies, present and in the past.

                       

But because the concept appeals to the lowest mentalities with no idea of the past, those who also vote, the lame mantra happens to be an extremely useful political tool.

                       

So supposedly intellectual politicians continue to pontificate the spending mantra over and over, in an attempt to get reelected again and again.(See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)