David Harsanyi on the Importance of Creating Private Wealth Over Government Jobs


Soon after the president dropped his ill-advised "the private sector is doing fine" gaffe, White House press secretary Jay Carney scolded the media for failing to frame the comment in the proper "context." Which is weird, because the context is the worst part. Having a robust array of government services is a luxury, not an engine of growth. Though taking out a massive advance against future prosperity to artificially pump up employment statistics might be an effective way to win re-election, it is no way to judge economic well-being. A decline of wealth, writes David Harsanyi, is.