Friday, October 03, 2014

Fantasy: "By almost every measure...."

"So despite what you may hear, there is no doubt we are making progress. By almost every measurewe are better off than when I took office."



"While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% - the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!"

Here additional ways from Poor Richards News we are NOT better off than we where when BHO took office: