Skip to comments.At Least We’re Not Detroit. Or Liberia. Yet.
Posted on 10/04/2014 7:14:01 AM PDT by NOBO2012
So it is indisputable that our economy is stronger today than when I took office. President Obama, October 2, 2014
Eric Bolling disputes some of the Presidents indisputable facts
Whenever Big Guy pivots back to the economy, you can assume that the rest of the world is a messy, messy place indeed.
So when BO returned to his home town of Chicago last week to raise money and mix with the little people at Bill and Giuliana Rancics tony RPM Steak and deliver an economy speech at Northwestern you can safely assume everything else is falling apart. Avoiding such hot topics as multiple Secret Service fails, ISIS advancement in the Middle East and Ebola coming to America, the President took to the pulpit to tout the success of his economic programs, and calling for more of the same:
Because all of those same things are what have given us the robust economy we are enjoying today. Indeed, if you are still a non-believer just look at these government reported numbers: an awesome unemployment rate of just 5.9%! (applause)
Of course theres a price to pay for such awesome numbers: a not-since-Jimmy Carter-era style Labor Participation Rate of just 62.7%! (applause). A 36 year low!
Wow! That IS awesome!
Or in other words, there are now a full 92.6 million Americans NOT in the labor force!! (applause) Thats right, nearly 93 million of your fellow citizens are now able to just chill and follow their bliss, as Nanny Pelosi envisioned. Well done! The Prezzy takes another bow:
All told, the United States has put more people back to work than Europe, Japan, and every other advanced economy combined.
Which is a bit like Cleveland proudly proclaiming At least were not Detroit!
until they were.
So as Big Guy touts his job creation numbers it is perhaps wise to remember that in addition to many of those new jobs being part time positions that the number of American freeloaders, combined with an ever increasing number of citizens going Galt results in a very disturbing trend of non-worker bees in the economy at large:
Remember, the American work ethic is inversely proportionate to the Labor Participation Rate.
Butt hey! At least were not Detroit: where there were once millions of worker bees and now all thats left are abandoned bee hives:
Well, anyway, at least were not Greece! Or Liberia! Yet.
So - is anybody interested in starting a pool to forecast in which month the Ebola infection rate exceeds the Labor Participation Rate?
Posted from: Michelle Obamas Mirror
One has to wonder what a mother did to create such a self-deluded, race baiting, self-serving, morally dead, narcissist whack that doesn’t know how to tell the truth if his life counted on it.
You need to update your Detroit view.
Some people choose their ignorance and can’t be helped.
Every time OBama releases job numbers it reminds is a Bud and Lou skit.
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