When will everyone admit that liberalism has failed?

Posted by: Barthélemy Barbancourt

Tagged in: Untagged 

Less than half of African-American men now have full-time jobs, and less than half of all white men will have full-time jobs in 2018, according to post-2000 trends hidden in federal population and workforce data.

There are roughly 14 million people formally labeled as unemployed, but “there’s probably 22 million to 23 million people who are unemployed, mal-employed or underemployed,” said Andrew Sum, an economics professor at Northeastern University in Boston.

The hidden data shows that “we’ve got an overwhelming job gap that effects men more than women, less-educated men more then better-educated men, and the group aged 25 to 29 the most,” he said.

“People want to work, and if they can find jobs, they would take those jobs … [but] blacks are no longer even applying for those kinds of jobs, or have concluded they’re not going to get those jobs,” he said.

Blacks have been the focus of liberals for years and they are far worse off because of it.

Richard Fisher, the president of the Federal Reserve Bank of Dallas, dropped by our offices this week and relayed a remarkable fact: Some 37% of all net new American jobs since the recovery began were created in Texas. Mr. Fisher's study is a lesson in what works in economic policy—and it is worth pondering in the current 1.8% growth moment.

Using Bureau of Labor Statistics (BLS) data, Dallas Fed economists looked at state-by-state employment changes since June 2009, when the recession ended. Texas added 265,300 net jobs, out of the 722,200 nationwide, and by far outpaced every other state. New York was second with 98,200, Pennsylvania added 93,000, and it falls off from there. Nine states created fewer than 10,000 jobs, while Maine, Hawaii, Delaware and Wyoming created fewer than 1,000. Eighteen states have lost jobs since the recovery began.

What explains this Lone Star success? Texas is a big state, but its population of 24.7 million isn't that much bigger than the Empire State, about 19.5 million. California is a large state too—36.9 million—and yet it's down 11,400 jobs. Mr. Fisher argues that Texas is doing so well relative to other states precisely because it has rejected the economic model that now prevails in Washington, and we'll second that notion.

Texas has grown 3.3% a year for the last 2 decades. Just image what sort of growth we could achieve nationally if Washington acted more like Austin.

Comments (1)add comment
The Liberal Mind-Set
written by Barry , June 10, 2011

Let's be honest, what we are really saying is that liberal progressivism is really a form of socialism and it doesn't work. What's that slogan for socialism again? Oh yes, "We keep trying because over 100 years of failure means nothing." It is the sad mental disorder of progressive liberals to keep trying the same thing over and over and over and expecting a different outcome. Because we have so many examples of socialist models that are in trouble finanically, culturally and etc one must conclude that socialism isn't about helping people. It is about power. The needs of the few outweigh the needs of the many and any agitprop tool to get the results like AGW, Homophobia, Rascism and etc will do...

Write comment
You must be logged in to post a comment. Please register if you do not have an account yet.