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To: ksen

It would certainly be better if our leaders in Washington would decrease the rate of increase in Federal spending according to some well thought out plan, rather than grandstanding for political capital regardless of the damage thereby caused to the labor market. But employment has decreased steadily since Obama has been President in any event, which means the number of unemployed has been steadily going up, despite the dubious machinations of ‘unemployment’ reporting methods (see link below). And continued runaway spending with no restraint is certainly not going to lead to increased GDP. So somewhere, some how, the excessive burden of government spending must be lifted from the productive sector if ever we hope to see an increase in productivity and thereby employment.

http://data.bls.gov/timeseries/LNS11300000


7 posted on 02/25/2013 12:29:37 PM PST by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: LucianOfSamasota

“But employment has decreased steadily since Obama has been President in any event, which means the number of unemployed has been steadily going up, despite the dubious machinations of ‘unemployment’ reporting methods (see link below).”

I don’t know why you stopped at Obama. If you change the timeframe of the chart you linked to to also encompass years prior to Obama you’ll see that labor force participation has been steadily declining since the year 2000 and really took a nosedive during the Great Recession.


14 posted on 02/25/2013 1:02:18 PM PST by ksen
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