Last year in California, only two “economic sectors” grew: government and health care.
In the United States as a whole, the number one “engine of the economy” is consumer spending.
In our national economy, the number one and two employment sectors are retail and food service, with health care and government fighting hard to break into the top.
In the current economic crisis, unemployment numbers, though high, are not as high as they should be because we don’t measure the number of highly paid people now cleaning toilets and serving tacos: like former lawyers and business people.
Our economy is upside down: a problem that has not been addressed at all.
We don’t do anything of real value: our industry is now a shadow of its former self. We do print money, apparently….
And now we’ll add another big federal bureaucracy headed by Joe Biden: Recovery Accountability and Transparency (RAT) Board.
You know, in general we don’t need more government. And government doesn’t need more Joe Biden.
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