The latest from Prager University:
In Prager University’s latest video, UCLA economics professor debunks one of the Left’s favorite economic fallacies.
Well, what do you know:
Using seasonally adjusted data, the 12,900 private-sector jobs created in June marks the largest one-month gain in Wisconsin since September 2003. The state’s net new job gain for June is 9,500 jobs, more than half of the nation’s net gain of 18,000 jobs for the same month.
Somehow, I don’t think we can expect any gratitude – or apologies – to Scott Walker or state Republicans from those who’ve been heralding Wisconsin’s complete capitulation to the rich.
So, after considering civilian population growth, employment is a painful 4% worse. Also, after considering population growth, GDP is only 2% better. If you give each factor equal weight (why wouldn’t you?), the economy is 2% worse almost 2-1/2 years after Barack Obama’s term as president began. And this is all before considering the frightening and potentially economy-crippling debt overhang and unprecedented deficits as far as the eye can see that Obama’s stimulus and other programs largely created, which would obviously move the meter even further in the “worse” direction.