The 607,000 job losses are not at the federal level, but at the State and Local government level. Stupidly, the Obama-Biden Stimulus did try to save them. In the context of only $150.0 bil. of the Stimulus, spent on Public Works, then no tax base was created sufficient to stabilize the state and local government problems any further. Even the Nazi's did public works spending, and clearly War Materials Spending. Bush-Cheney, business-in-government, mainly supported War Materials Profiteering, in contrast. The Nazi's knew about logistics, and the needed speed. The Romney Brand of Business In Government, failed to even supply troops in the field, under fire!
That would be Said, "Romney-Ryan" Austerity One!
So by 2012, then this becomes reality: 40% more of increased cuts. At the federal level, this would be said the Rep. Paul Ryan concept of sanity: Clearly gone mad! Mostly, however, Republicans tend to admire the Paul Ryan abs, and even hopefully in public! Others may wonder about "Girlie-Men!" RNC Is Not Like Others, anyone has to notice.
The New Fiscal Nightmare: 2012 State Budgets Cuts
Mostly, anyone who seems to compare himself to a dude who's dad was a Nazi-Sympathizer: Should likely be thought fairly deep into madness(?)!
Even best estimates are that State and Local government spending has remained flat during 2009, 2010, 2011, and 2012. At one point, even Tax-Free Municipals were thought to be in peril. So while the federal government has been bailing, there has been widespread austerity in play, in government spending, during the "Great Recession." That has occurred at the State and Local government level.
That is Austerity, Two(?)!
Essentially, from state and local government: No help at all has been created, in resolving the crisis.
"Crow, James Crow: Shaken, Not Stirred!"
(Many find seats at back of the Limo: "A Choice, Not An Echo!" After all, in America: You too, can go out and inherit yourself a department store! Apparently, now: The Romney Brand!)