The jobs and GDP reports last week had a couple of interesting tidbits in it, aside from reflecting the continued anemic, below trend recovery in which our economy is mired, courtesy of this administration’s policies. These reports covered October and the third quarter, respectively. Now, what momentous things happened that month? Yes, yes, the ObamaMart rollout, but that’s not what I’m talking about here. The Democrats’ shutdown of the Federal government happened that month. Also, the sequester cap on Federal spending continued that month. Here are some of those tidbits:
- BLM said private employers added 212,000 jobs on the month
- [T]he economy grew by 2.8% in the third quarter
- [G]overnment spending contributed all of 0.04% to that third-quarter GDP
All of this despite that pernicious shutdown and the evil cap on spending.
Government needs to get out of the way.