Romney should be pointing this out, especially that by this measure it has been over 10% over the past three years. From what I've seen, he will.
BTW, wasn't this participation rate adjustment Clinton's idea?
Romney’s initial reaction (shown on Fox last night) to the unemployment scam was exactly that - he said explicitly that if the number of people in the work force was the same as it was when BO took office, the unemployment rate would be over 11%.
Now it doesn’t take a rocket scientist to guess whether that clip appeared on ABCCBSNBCetc.
My suggestion to the GOP: do a quick commercial pointing out that Obama’s approach to lowering unemployment is to make the economy so bad it drives people out of the work force (and then a quick graph with numbers to support that), while Romney’s approach would be to make the economy so good that it will draw people back into employment.
What the republicans should do is put up a bill that extends the emergency unemployment benefits for 3 - 6 months. And offer cuts in other places (preferably in places Harry Reid would not like to see cuts) to offset the cost of the emergency unemployment.
This will put Harry Reid and his party in a very difficult position (between a rock and a hard place). It will NOT look good if his party votes against the unemployed victims of this pResident.
If this had been done earlier we would not be seeing 7.8% unemployment because the more people that get back into the program the higher the unemployment rate will reflect Realville as it heads up toward 11%.
Most likely we will see another drop in the unemployment rate next month. This is the time that those who went on emergency unemployment expire and are no longer counted as unemployed. This benefits Obama.
pssst, there's a reason why the desperate democrats who are facing probable defeat in both houses are biting their tongue and not crying for the extension at this time.
Their deafening silence will go away after election day and once again they will be calling for another extension. They cant have that happen now because the UE rate will again begin to rise as these people are again counted as unemployed.
If Romney wins and there is a new extension, the dems know that the UE rate will go up and they will make sure he owns every percentage point.
That's another reason why Romney should be pointing this out sooner rather than later.
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