What a surprise. According to a recent study by two respected economists, Obama's trillion dollar TARP boondoggle cost the US 500,000 jobs. As if that weren't bad enough, the study shows that TARP added 450,000 state and local government jobs (was there really a need for even more government employees?), while killing roughly a million private-sector jobs.
TARP was meant to stimulate the economy, and nudge it back into a healthy, growing trend. It comes as no surprise to many of us that it's had the opposite effect. One could be forgive for thinking Obama does this deliberately.
No comments:
Post a Comment