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Pragmatic Capitalism

Practical Views on Money & Finance

Barack Obama, Government Job Slayer

Yesterday’s employment report showed another decline in government employment. But there’s a pretty amazing statistic developing during the Presidency of Barack Obama. In the post war era a US President has NEVER averaged a contraction in government employees throughout his entire term. But that’s exactly what Barack Obama is doing. At -0.7% per month, he is on pace to average a contraction in the total government workforce for his Presidency. He is the greatest government job killer in the modern economic age!

slayer

And it’s not all state and local. No, he is an equal opportunity government job killer. And with the exception of the Census hiring (which wasn’t really his decision to begin with) and a brief stint in 2009, government employment growth has been negative through his entire term.

Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC.Orcam is a financial services firm offering low fee asset management, private advisory, institutional consulting and educational services.Cullen is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance and Understanding the Modern Monetary System.
Cullen Roche
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