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Peter Schiff - More Government Equals Fewer Jobs



February 05, 2010 – Comments (4)

With today’s unexpected decline in December payrolls, the cry for more job-related stimulus will grow even louder. But the sad truth is that any new stimulus or jobs bills will ultimately swell the ranks of the unemployed, thereby raising calls for an even bigger federal effort. If we are not careful, government regulations, subsidies, and spending, all designed to fight unemployment, could push the labor market into a death spiral.

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4 Comments – Post Your Own

#1) On February 05, 2010 at 3:56 PM, FleaBagger (27.55) wrote:

Fewer productive jobs I would say. After we reach a certain critical mass, we'll have falling unemployment from the massive hiring in government and the "services" sector, based on money borrowed from the Chinese and Japanese, the sale of domestic capital, and printed money.

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#2) On February 05, 2010 at 5:06 PM, MikeMark (28.96) wrote:

Wow FleaBagger! We can all starve to death, after China and Japan begin to say "No", while we watch each other to make sure none of us are breaking any laws or regulations that we've made for ourselves. Sound like fun?

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#3) On February 05, 2010 at 10:35 PM, ralphmachio (< 20) wrote:

MikeMark- Word.

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#4) On February 10, 2010 at 12:21 AM, FleaBagger (27.55) wrote:

Oh, it will be a gradual decline as we live on the proceeds of the sale of the capital that our forefathers accumulated that made us the most productive (and therefore richest) workers in the world. So don't get all hysterical.

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