I certainly don't disagree. Hell, my own job is at risk too. Definitely hired to keep unemployment numbers from looking as bad as they were.IMO we are in for a rough ride for the next year or two, maybe longer. We will see a slow economy, weak stock market, and high unemployment numbers. This is going to be caused by massive layoffs in the federal government added to the private sector job losses we have been seeing and the slow down of federal tax dollars being distributed freely. The inflation rates we have seen over the last few years has made everyone reduce their purchasing, further slowing the economy. Will we actually see deflation?
But why now? Because the last administration was adding government employees very quickly to keep unemployment numbers down, along with faking the numbers and adjusting them later. Even though at the same time the private sector was loosing jobs. They were pumping money into the economy at an unheard of rate though these new government jobs and through the hand outs to their special interest groups. They were keeping a loosing war on the front burner to further launder money. Inflation.
Hold on and don't lose hope. This is probably our last chance.
This reminds of of the early Reagan years where it was at the tail end of the Volker interest hikes which was the only thing they could do at that time. Reagan got his tax cuts and the economy picked back up. Regulations (even then) were squashed in favor of Small Business.
Now though, we have a triple (or quadruple) whammy. Too many government jobs (city, state, federal), decreased tax base, printing money for all sorts of reasons other than the only reason (if any) they should be, etc, a military in shambles, real infrastructure (that really only the gov can supply) is crumbling (think FAA, bridges, etc).
Why just yesterday I saw some folks driving 70k cars that I find hard to believe could own one....which leads me to believe I was right all along...some folk have learned to game the system by way of graft (of course, that's not gaming...it's theft). Case in point...how does that Jasmine Crockett have 3 multi-million dollar houses? What did she do before she was a representative and how on a representative's salary does she afford that. A LOT of people are getting rich off MY FREAKING MONEY - dare I say MY STOLEN money?