Government costing jobs? Really?
MarketWatch has an interesting article ("Follow the money, Mr. Speaker") that concerns a question I've had for some time. You may have noticed that the last couple of years we've heard a refrain from Republican leaders and pundits that speaks to the issue of large government deficits costing jobs, because (in the words of John Boehner, House Speaker), "The massive borrowing and spending by the Treasury Department crowded out private investment by American businesses of all sizes." But is this true? My initial reaction to this sort of thinking was that of course it wasn't. We'd have heard of this before now. This seemed some sort of catchphrase that someone in the media felt was pithy and could knock the democrats out. Rex Nutting, MarketWatch's commentary editor, checked into this and found that indeed there was no truth to the claim. But don't expect the Republican's to stop just because it isn't true; it's just too good a phrase