One worthless man is a shame, two is a law firm, and three is a Congress. Congress was smaller in those days, I suppose. Well, thank you for that bit of Texas wisdom. Here's another chart that runs along with it. This is private sector employment, government employment. You can see what's happened here. We're doing some employment, all right. It's the government that's doing the employment. But you take a look at the blue line--this is the private sector employment--you see jobs going down like a submarine. And that isn't just a statistic, that isn't just a fact, that is suffering--suffering in our economy, suffering with lots of people who don't have jobs, a lot of younger people moving back with their parents. The house is full of people because we're having trouble with not having the jobs. Now, what kills the jobs? Well, first of all, excessive taxation is a big deal. Insufficient liquidity is another problem. Our banking regulators are so tough that it makes it very, very hard for businesses to get loans. A third big job killer is economic uncertainty. Boy, oh, boy, do we have some of that. Who knows what we're going to do next. We just passed this socialized medicine bill, and everybody who has employees is going to get whacked for having employees.
Editor's note · Context
The speaker discusses the impact of government employment and economic challenges on private sector jobs.
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