This Wall Street Journal article coincides with what I wrote regarding the American Enterprise Institute report.
The American Enterprise Institute is a conservative think tank and their article vindicates President Obama. Their article stated the the private sector has grown an average of 3% per quarter since the recession ended in 2009 under President Obama, but total GDP is down because of spending cuts in the public sector.
The public sector GDP has dropped to negative 2.88% over the last two years. What does this do to total GDP and the overall economy? It slows it down dramatically!
So as the private sector struggled to gain momentum, Republican cut backs slowed down the private sector growth with a negative public sector growth.
The government purchases things from the private sector daily. They purchase trucks, cars, lawnmowers and even computers from the private sector. What happens when the government cuts back and stops buying things? The private sector slows down also, which begins the snowball effect of layoffs in the private sector.
So now not only do Democrats have their think tanks on their side, they even have the Wall Street Journal and AEI are on their side on this issue! Time to turn up the heat on the tea party and the GOP.