Via Atrios, a telling chart from Media Matters' Political Correction arm.
Note the red line (public sector jobs) going down, while the blue line (private sector jobs) goes up. Imagine if both lines were going up—after all, job growth is the net of the two (so be sure to look for the Zero point; it's right in the middle, vertically). 
As Atrios points out, we've lost 500,000 public sector jobs since July 2009, the point at which the graph starts. (With more to come, obviously.)
So two points: First, as Media Matters notes, the claim that the Recovery Act hurts the private sector is false:
[T]he private economy has actually gained 1.2 million jobs net since the Recovery Act took effect[.]Second, if you follow 1930's hard-right economists like Hayek and Schumpeter and take Mellon's advice — to liquidate everyone and let the work of the Depression complete itself — what you're seeing in that chart is a good thing.
[L]iquidate labor, liquidate stocks, liquidate farmers, liquidate real estate… it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.The dismantlement of government is a feature, not a bug, and it's understood that the process will be painful, even wrenching. Just as the dismantlement of the safety net will be wrenching (witness the Dow this week). It's just the price of doing the damage that needs doing. (Besides, all the really smart money is in Treasuries, not stocks. Dimmo Congressman Eric Cantor shorted the wrong market!)
My little secret (shh) — The NeoLibs and Movement Conservatives, if they succeed, will get exactly what would have happened in 1932 if FDR hadn't been elected (not referencing Black; note Roosevelt's 1936 Syracuse speech).
I think they think they're prepared for that, what with that NSA spying and all those hard-core cops (public and private) everywhere. But as they say, the best laid plans, etc. Bummer that, for all of us.
[Updated for clarity.]
GP
