Jobless recovery actually means no recovery at all. It’s a liberal cliché which means wishful thinking perpetrated by a desperate government clutching an irrational impossibility. Immaculate Conception stands a better chance of coming to fruition than a jobless recovery. I heard a sound bite from Christina Romer spouting off at Berkleyabout an economic recovery that is both jobless and growth less, which of course makes her clueless. Is it any wonder she was appointed by Obama as an economic adviser? http://www.youtube.com/watch?v=jU_9pUljKEk
Job creation is directly related to production in the private sector. Production equals wealth creation, herein lays the key to economic recovery. Remember, government doesn’t create anything except bureaucracy. Government doesn’t create wealth; it squanders it, misallocating resources from the private sector, redistributing them to the public sector.
These Keynesian dunderheads continue to pursue a policy of flooding the market with fiat currency in the failed hope of bolstering the economy without the actuation of job or wealth creation. This is the aberration they call a jobless recovery. Go figure. The Anecdotal Objectivist