Latest Pajamas Media Column (’Honey, They Shrunk the Private Sector’) Is Up
It will go up here at BizzyBlog on Sunday morning (link won’t work until then) after the blackout expires.
Here is a graphic capture of the source (currently here at the Bureau of Economic Analysis, but subject to change) for my early-paragraph statements about the growth of government and the contracting private sector (click here or on the graphic to see its actual size in a separate window):
Thus, we see that during the six full quarters since the POR (Pelosi-Obama-Reid) Economy began (i.e., comparing 4Q09 to 2Q08), as noted in the column, the private sector is 3% smaller:
- 4Q09 Private Sector — $13.155 trillion less $2.5844 trillion = $10.5706 trillion
- 2Q08 Private Sector — $13.415 trillion less $2.5069 trillion = $10.9081 trillion
- Difference = $327.5 billion
- Percentage Difference = $327.5 billion/$10,908.1 billion = 3%
As I wrote in the column, during the POR Economy, “…. the government has become bigger, bolder, and more intrusive, while a worried private sector has contracted. Is there any good reason to believe that this has not been part of the plan all along?”
[...] This column went up at Pajamas Media and was teased here at BizzyBlog on [...]
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