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Originally Posted by SebC
Why can't jobs be governmental?
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Because the private sector can provide certain services for a lot cheaper and are a lot more efficient in the process?
Don't get me wrong, the government SHOULD still provide certain things. But as an example, the immense growth in the IRS the past few years hasn't accomplished anything economically for the US.
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That's because Obama's "big" spending was on corporate bailouts. Supply-side economics. The lack of job creation reflects that the type of economic management you're advocating for is ineffective.
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It is even debatable whether or not Canada did anything to help the economy with out 'stimulus.' Sure infrastructure spending does create jobs, but it is such a big help?
The recession happened because the US government got into bed with Wall Street and allowed for a perfect situation to be created where massive amounts of money were transferred from the taxpayer to big businesses throughout the US, most notably big banks.
A lot of other countries still felt the shock, but certain countries, like Canada, escaped without major, major problems. Our financial regulation was a big part of that.
So in the end, the US won't get anywhere unless they have proper regulations in place to keep problems like that from happening.