Via MetricMash comes this stunning chart that depicts just how dire the employment situation has become under the SCOAMF.
As this chart illustrates:
• Over the last 30 years, we have never seen the kind of sustained decline in the labor-force participation rate we're experiencing under Obama. More people are dropping out of the labor force at a faster clip than during any recent stretch and, worse, there's absolutely no sign of recovery.
• The unparalleled success of the Reagan tax cuts is on full display: not only did unemployment drop, but the labor-force participation rate increased at a phenomenal angle. All Americans benefited from these tax cuts and the job creation spurred by Reagan went well into the Clinton years.
Which is why Democrats and the media -- but I repeat myself -- shield you from information like this. There is only one way out of this economic mess: unleashing the private sector by slashing taxes, minimizing the size of government, and obliterating the out-of-control regulatory state. But Democrats prefer failure, so long as they get to control you, the individual. Because they're power-hungry statists, trying to maintain a white-knuckled death grip on the reins of government.
Your chart does not show what you describe.
ReplyDeleteI believe this chart does show an extreme drop at an exuberant pace
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