-By Warner Todd Huston
As the rest of us in America lose jobs by the millions, Obama wants to spend another $23 billion more of your taxes on public employees in a teacher bailout plan proposed by Senator Tom Harkin (D, Iowa).
Harkin wants this new public employees bailout in order to prevent teachers layoffs, a concern echoed by Secretary of Education Arne Duncan. “We are gravely concerned,” said Duncan in a letter to Congress, “that ongoing state and local budget challenges are threatening hundreds of thousands of teacher jobs for the upcoming school year.”
Oh, Duncan had all sorts of recommendations for Congress on this newest bailout.
With state and local budgets in dire shape following the economic downturn, Duncan urged Congress to approve the $23 billion to help schools out of their fiscal jam as well as $2 billion to fund police and firefighter positions and $1 billion for early childhood education jobs.
Of course, Obama and his Democrat comrades have already spent nearly $40 billion from the so-called “stimulus” bill to shore up local school districts to prevent mass layoffs of teachers. And now he wants another $23 billion?
I might couple this story with another I recently noticed about the permanent loss of jobs as reported by the AP. In that piece the AP noted that businesses have found that the millions of jobs they’ve recently cut have not hurt productivity nor harmed the business. Yet, here we are, seeing millions of jobs in the private sector cut without harm to efficiency at the same time that Obama is trying to safeguard as many likely equally as unnecessary unions jobs paid for by you and me, the taxpayers. What is wrong with this picture?