Good jobs and not so good jobs

If you think about it there are two types of jobs that are being counted as Obama "saved or created" jobs.

They are;

• Wealth creating
• Wealth absorbing.

Wealth creating jobs are private sector jobs that make things people want to purchase. Wealth absorbing jobs are government jobs that are paid for by taking money in the form of taxes, fees, etc... from the wealth creating side of the equation.

Guess what types of jobs are being created by the Obama administration, for which he is very proud.   The wealth absorbing variety.   

Unfortunately because the majority of jobs being created are governmental wealth absorbing, it is a net negative to a struggling economy.

This is just another example of high level governmental meddling that is making problems worse and unnecessarily delaying the recovery.

Datadiver08