That’s a question a lot of people have been asking, including Hale “Bonddad” Stewart at liberal Democrat Nate Silver’s highly informative fivethirtyeight.com blog. Stewart’s answers are plausible: there’s lot of unusued capacity and productivity increases indicate that employers are getting more production out of current employees. Then a simple final paragraph, which could have come from a Wall Street Journal or Washington Examiner editorial:
“Uncertainty: there has been a tremendous amount of change over the last 12 months. Businesses are still trying to figure out what that means for their own bottom line. Until there are firm answers, they will freeze hiring.”
Hmmm. What kind of change over the last 12 months? Who’s been producing that change? Stewart doesn’t say, but it’s not too hard to figure out. This is as pungent and concise an indictment of the Obama Democrats’ vast expansion of the size and reach of government as I’ve seen anywhere. I just didn’t expect to see it on Nate Silver’s blog.