Joe Biden bragged in March. “303,000 new jobs in March"
"Of those 300,000 jobs, 71,000 or 1 in 4 were government jobs. Another 72,000 jobs came out of the healthcare industry which is heavily government funded. And 9,000 came from “employment in social assistance” or welfare. About 1 in 2 of Biden’s jobs were funded by taxpayers in one form or another. The only non-government industry showing significant job growth was the hospitality industry which was prepping temporary employment for vacation season.
The Biden administration’s formula for job gains is government spending. But government spending provides nothing but a temporary boost in the market-based private sector. However creating entitlements and boosting union rolls does create jobs. Unfortunately those jobs tend to be a net loss and a severe drain on the economy. That is what Biden and New York did.
And we’re all paying the price.
Rather than rebuilding a healthy economy, Biden and the Democrats built a health care economy. Instead of creating manufacturing jobs, they manufactured jobs. And so we’re stuck in recession with persistent inflation and the only thing that’s actually booming is the explosive rate of government spending on propping up a fake economy that only benefits the government."
