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Sunday, January 04, 2009

Obama: 600K New Government Jobs

Jake Tapper of ABC News reports that by Obama's account, he is seeking 3 million new jobs, 20% of which will be new government hires.

I think Tapper is underestimating the 600K figure - or rather, he's making the mistake that Obama's word is worth a grain of salt. I assume that the number will be more like 1 million+ new government jobs. And after factoring in the lack of incentives for private job creation and increased costs to private business, I would bet that every government job will be offset by the loss of at least one private sector job.