New York Times journalist Floyd Norris writes in the business section today: "Big government is back....
"Real after-tax incomes are up by 9.6 percent since December 2000".....
The entire increase comes from the government payroll. Adjusted for inflation, private industry is paying exactly the same as in 2000. To be precise, private spending on wages is up less than 0.1percent.
No administration back to John F. Kennedy has done as poorly...
The share of wage and salary income coming from the government can be seen as a measure of the size of government relative to the economy....It declined under Jimmy Carter and Ronald Regan, rose a little under the first president Bush and fell rapidly under Bill Clinton, hitting a low of 16 percent in late 2000.
It has risen under the current administration. The latest quarterly figure showed 17.4 percent of all wage and salary payments came directly from the government."
OK now do I have this right? The big government democrat Bill Clinton reduced the size of government and the small government republican George Bush has increased it?
In other words George is using tax money to increase the government payroll to make it look as though the economy and incomes are improving when the are not. Is there any end to the bag of tricks employed by this administration to fool the public?
http://www.liberalsbiteback.com