The Obama Syndrome
The President’s apologists have been attempting to ride to the rescue regarding his statement from last Friday that the private sector is doing just fine and that it’s the public sector that really needs help. Their general take writ large? The most intelligent, articulate, brilliant commander-in-chief ever misspoke.
For every net lost government job since employment peaked in January 2008, the U.S. economy has lost more than eleven private sector jobs.
The President seems to think that public sector jobs like firefighters and police create wealth. This is incorrect, however, those functions can help preserve wealth, just like insurance.
But as millions of ads per day tell us, we may be paying too much for our insurance.
Besides paying too much, it’s also possible to have too much.