PROBLEM: SMALLER GOVERNMENT = HIGHER UNEMPLOYMENT
This may not be self-evident but there is something in this chart that is important if one is to make sense of the uniformed political bickering over minimizing the size of government and minimizing unemployment. The truth is that it is impossible to do both simultaneously!
The difference in height of the red (unemployment) and blue (unemployment excluding government job losses) curves is government job losses as a percent of total employment.
You will notice that since October 2009 the percentage of government job losses has generally increased. In April 2012 unemployment without government job losses is about 7.2% and the overall unemployment of 8.2% is an amount inflated by the 1% contribution of unemployment job losses.
Prognosticators have said that Obama wins in November if unemployment reached 8% of less. Well private employment has consistently increased for at least a year. Unfortunately the private economy has not yet been unable to grow sufficiently fast to compensate for the government layoffs the Obama administration has found necessary to reduce government employment below the record levels of the Bush 2 administration!
So rather than blaming Obama for the lack of jobs it would be far more appropriate to acknowledge that not only has the administration supported conditions conducive to private growth, he has also significantly reduced the size of the previous government!
(via The Dish | By Andrew Sullivan - The Daily Beast)