April 5, 2013
On the latest economic news…
Folks, I don't know how else to categorize this. We are living in a dying country. I don't know how else to categorize what's happening -- 88,000 new jobs. The unemployment rate, because of a terrible statistic, is down to 7.6%. The number of people in this country who are not working is shameful. Ninety million Americans are no longer in the workforce. Ninety million. People not in the labor force grew by 663,000, and now 90 million. That's the labor force participation rate. This is 1979 levels. The only difference is that we don't have an election around the corner to fix it like we did in 1979. We had that election last November, and we blew it. In addition to payrolls only adding 88,000 jobs, an additional 81,800 went on disability in March. We're now up to 8.8 million Americans on disability. We had nearly as many people go on disability in March as people who found jobs. I think it's official. We have a dying country. There is literally no way that our entitlement programs and our safety net and our absorption of immigrants, legal or otherwise, can be supported this way. This simply cannot be sustained. I don't know how else to describe this.