Friday, May 30, 2014

A nice thing about having a Democrat in the White House is that there is never any bad news...

...can you imagine the howls of outrage 2017 when there is a Republican in the White House and the media discovers this?


Apologists for the Obama administration sometimes argue that the nation’s declining rate of labor force participation is largely a function of baby boomers retiring from the labor force. Unfortunately, this is not the case. This chart, prepared by the Senate Budget Committee, pretty much says it all. An unprecedented number of men–one in six–between the ages of 25 and 54, what should be their prime earning years, are either unemployed or out of the work force entirely. One in eight, the highest proportion since record-keeping began in 1955, are out of the labor force:
Another 2.9 million men in the 25-54 age group haven’t given up–they are still in the labor force–but are currently unemployed. There are 61.1 million men in the U.S. between 25 and 54, and currently, 10.2 million of them are not working. At all. This is 2.7 million more non-working men than in 2007, before the recession and the Obama non-recovery began:
At some point, we will have a better government and better economic policies. But the damage done to a generation of American men (and women too, of course) will not easily be undone. Those who missed a chunk of what should have been their most productive years, or departed the labor force entirely, will suffer from Obamanomics for the rest of their lives. The damage being done by our current, inept economic policies is literally incalculable.

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