To explore the answer, we'll visit the Department of Labor's website, which houses several useful databases. Among the most important measures the agency tracks is Labor Force Participation Rate (LFPR). This is the percentage of the working-age population that are either employed or unemployed but seeking a job. The remainder are either not looking for employment, are discouraged workers, or otherwise completely out of the workforce.
Looking over the last 30 years, this is the worst environment for employment since Jimmy Carter's recession. President Ronald Reagan attacked the malaise by slashing tax rates, reducing regulation and -- basically -- getting government out of the way of the private sector. In addition, the Welfare Reform Act of 1996 had a markedly positive effect on the LFPR.
After the dot-com bubble collapsed and the after-effects of the 9/11 attacks rippled through the economy, the LFPR stayed stable for years. From the summer of 2003 until the Fannie Mae housing meltdown of late 2008, the rate hovered around 66%.
Even after the housing meltdown, the LFPR stayed basically the same until the inauguration of President Barack Obama. Why?
Basically, President Obama and his Democrat super-majorities in the 111th Congress incentivized sloth, fraud and unemployment. Why are many Americans out of the workforce?Consider the major milestones in the Democrats' job-destroying policies:
03-01-2009: SNAP (Food Stamp) Participation Rates Leap
11-06-2009: Unemployment Extension Adds Up to 99 Weeks of Benefits
03-23-2010: Obama Signs Health Care Bill Today as GOP Challenges Constitutionality
04-02-2010: Census hiring expected to reach peak in next several months
05-27-2010: Obama Extends Moratorium; Agency Chief Resigns
09-16-2010: New PPACA [Obamacare] Provisions Take Effect in September – But Do Your Clients Know?
02-03-2011: U.S. in Contempt Over Gulf Drill Ban, Judge Rules
06-11-2011: Utility threat to shutter coal plants fuels EPA battle
07-08-2011: Report: Obama’s oil company tax proposal would jeopardize thousands of jobs
They have yet to figure out that if you reward sloth, you get more sloth. And the worst is yet to come.
Remember in 2012.
Without doubt this is what the left wants. No one is this much of an idiot that they can not see what their actions have wrought upon an entire nation. The lef6ts understands exactly what it is doing, after all collectively and consciously they have planned this for the better part of a century.
ReplyDeleteIt needs to be couched in the most simplest terms.
It is Tyranny.
The form it takes matters not. Who commits tyranny matters not.
What matters is every last one of these enemies of Liberty and Constitution, with their system of serfdom and dictatorship have to be eradicated by all of the means provided for this Republic by our rule of law, founding documents, and their intent and principles of Liberty. Because for sure, such an entrenched evil collection of villains and tyrants will not go quietly into the night willingly.
Shared Sacrifice: Sacrifice those who pay taxes so it can be Shared by those who don’t.
ReplyDelete