Using data from the Minneapolis Federal Reserve, I showed last week that job creation – depending on how one wants to measure the business cycle – is either the worst or close to the worst for any period since World War II.
My argument is that Obama’s policies are impeding growth. Simply stated, higher tax rates, a heavier burden of government spending, and other forms of intervention are not exactly the right recipe for growth and prosperity.
But sometimes it’s easier to get that message across with a clever cartoon.
Payne’s cartoon has a similar theme to this Ramirez cartoon, which is the fourth-most-viewed post in the history of my blog.
And here’s another Ramirez cartoon with the same message, and one of my favorite Chuck Asay cartoons also shows what happens when you impose a lot of burdens on the economy’s productive sector.
At some point, though, the public sector becomes so demanding that slow growth becomes no growth. Here’s a very clever Asay cartoon about what happens when you reach that tipping point.
P.S. I suspect it was meant as sarcasm and to nail Obama for blame-shifting, but the “Republican fiscal flux capacitor” does deserve some of the blame. Just look at these charts to see what happened the last time the GOP was in charge.