Sunday, January 04, 2009

Gordonian Economics

How can the creation of 100,000 new jobs in the public sector really be the best way to revive the economy!?! Public sector jobs do not create wealth, they spend it!

Gordon might just as well employ 100,000 workers to dig holes in the ground and another 100,000 to fill them back up!

5 comments:

Mark Wadsworth said...

Pay attention at the back, Snafu!

This is the best way of persuading 100,000 people to vote Nulab - add on their spouses makes 200,000 potential votes, 'create' those jobs in marginal constituencies and it could just about swing the next election, i.e. 50 marginals where Nulab majority is 4,000 votes or less.

xoggoth said...

I never really understand economics but building projects that employ private sector companies, if they are infrastructure projects that will have to be done sooner or later, seem less totally stupid than VAT reductions so welfare chavs can afford more fags and mobiles made in Taiwan.

Mark Wadsworth said...

X, private companies are chomping at the bit to build stuff - like power stations, airports, container ports etc - but the NIMBYs and Greenies won't let them. There's no taxpayer money involved at all - if anything such activity boosts tax receipts.

Snafu said...

Mark, if each of these new jobs pays £100,000 then Gordon will single-handedly save the world!

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