The Private Sector is not fine

I could not help but get a chuckle when I read the Mission Accomplished article in the Wall Street Journal. In that article he says,

Obama might have done better to follow the advice of the Washington Post’s Ed Rogers: "If you are president of the United States and you don’t have anything to say, don’t have a press conference to say it. If you’re the president of the United States and by Thursday it’s widely believed you’ve had one of the worst weeks of your presidency, take Friday off, and specifically avoid having a press conference."

To top it off he says something that will be repeated an enormous number of times before the November election, “The private sector is fine”. As a person working in the private sector I can say that the private sector is not fine. We are nervous. So far in 2012 our sales are slightly better than last year but our margins have declined. These trends seem to be the dominant themes in the private sector and explain why the private sector has not hired more people.

Unfortunately the President goes on to explain how the economy would be much better if we hired more public sector employees. He wants us to believe that this stimulus plan is not much different than the stimulus plan from three years ago, it will be more effective. A sign of insanity is when you keep repeating the same things and expect different results.

This misses the most important point we can get from the Wisconsin gubernatorial election, restricting collective bargaining allowed the state to  “right size” public sector and keep more public sector employees employed. It was not pretty but “right sizing” appears to have balanced the state budget, maintained government employment, and improved the long term availability of these benefits. The Wisconsin vote confirmed that old adage, the best government is the one which works.