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I’ll bet when Rush Limbaugh declared that he hoped Obama would fail, he had no idea that that was exactly what Barry had in mind all along.
While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% – the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million! [read it here]
What did we do way back when we had to go to work and do all that thinking for ourselves?
Clearly what is needed here is a constitutional amendment. Think what an another 60-to-80 million-less people looking for jobs could do. Why, we’d be at a flat 2% unemployment before you know it.
E-mail your congressmen.
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