-By Warner Todd Huston
The Associated Press made an interesting concession — likely without even knowing they did so — in a recent report on the “new normal” of permanent job loss in Obama’s economy. The AP admitted that until the recession, American businesses weren’t firing people simply so improve the bottom line as many anti-business, left-wingers have been for decades claiming.
In the AP piece the headline moans that “Millions of jobs that were cut won’t likely return,” and goes on to say that “millions of jobs lost in the recession could be gone for good.”
It’s all pretty dismal news, but tucked inside the piece was this interesting paragraph:
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Study Shows Businesses Weren’t Cutting Jobs Until…”