Thursday, September 24, 2009

Theoretical question

AlphaNinja - Bear with me...

If you ran a business, and you were facing a 20% revenue decline this year, what would you do? Cut costs? Pressure your suppliers for better prices? Evaluate how you're spending your marketing dollars? Maybe all of the above. The last thing you'd probably do is go and take out a huge personal loan, then use that money to hire new employees in the midst of a recession.

Sounds crazy, but we the taxpayers have just done that:

Fourteen of the top federal agencies responsible for spending under the American Recovery and Reinvestment Act say they've hired about 3,000 workers with stimulus money. That's helped fuel the continued growth of the federal government, which increased by more than 25,000 employees, or 1.3%, since December 2008, according to the latest quarterly report. During that time, the ranks of the nation's unemployed increased by nearly 4 million, Labor Department statistics show.

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