The Obama “Recovery?” Lowest Labor Participation Rate Since Jimmy Carter

If you didn’t understand this critical fact before, understand it now because Barack Obama and his PR flacks do understand it very very well. Their low-information supporters are so completely ignorant about serious public policy matters that they are incapable of understanding the destruction he is inflicting on this country. How else to explain the ridiculous spectacle of a man who once derided his predecessor as “unpatriotic” for adding $4 trillion to the national debt over 8 years, and who then preceded to add $5 trillion in less than 39 months, a man who pledged to “cut the deficit in half by the end of [his] first term in office,” and then added $1 trillion to it every year in office, issuing proclamations about financial responsibility? Anyone with the slightest grasp of the facts could have only one of three reactions to that charade; specifically, either open-mouthed shock, uncontrollable laughter, or both.

Today’s job report makes painfully clear that Mr. Financial Responsibility’s constant repetition of the fairy tale that our economy is “recovering” is another cruel joke, sort of like those “shovel ready jobs that weren’t so shovel ready. From the Liberal Death Star (aka The New York Times):

The United States economy posted disappointing job growth in March.

The nation’s employers increased their payrolls by 88,000 last month, compared with 268,000 in February, according to a Labor Department report released Friday. It was the slowest pace of growth since last June and less than half of what economists expected.

It was also the third consecutive spring in which employers tapered off their hiring, even after adjusting the numbers for seasonal changes. Economists have started calling the phenomenon the “spring swoon.”

The unemployment rate, which comes from a different survey, ticked down to 7.6 percent from 7.7 percent, but primarily because more people dropped out of the labor force, not because more people got jobs.

The labor force participation rate has not been this low — 63.3 percent — since 1979, a time when women were less likely to be working. (emphasis mine) Baby Boomer retirements may account for part of the slide, but discouragement about job prospects in a mediocre economy still seems to be playing a large role, economists say.

In other words, this economy stinks, and people are simply checking out.

Then there’s this little nugget. Remember back in the day when Ronald Reagan pulled us out of the Jimmy Carter recession in two years? The Lame Stream Media whined about “hamburger flipper jobs.” I can’t wait to hear their reaction to this very interesting part of the story.

Relatively low-wage sectors like food services and retail have accounted for a large share of the job growth in the last few years; a report in August from the National Employment Law Project, a liberal advocacy group, found that a majority of jobs lost during the downturn were in the middle range of wages, and a majority of those added during the recovery have been low paying.

 

The story goes on to describe the plight of a 56 year-old Chicago woman named Amie Crawford, who after a 30-year career as an interior designer, and a 4 month job search, now works as a part-time cashier at “a quick-service health food cafe called the Protein Bar.” And she’s considered “one of the lucky ones” in the Obama “recovery.”

Meanwhile, as he and his merry band of Marxists work 24/7 to increase the size of the federal government, and make as many people dependent on it as possible, regardless of the suffering that they are inflicting in the process, the White House celebrity revolving door turns incessantly, the taxpayer-funded trips to campaign cash raising soireès with the fabulously wealthy and the perpetual vacations for the Obama family continue.

I have always said that this country gets what it deserves, but it’s heartbreaking to see so much collateral damage, and it’s especially cruel that many of those suffering the most are those who fell for the “hope and change” con in the first place.

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