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.
On the health of the Tea Party and the rising conservative political tide in 2012…
The Tea Party’s not dead – 2010 was a warm-up. The Tea Party’s moved on from a protest movement to an active, vibrant grass-roots movement that knows how to nominate the right people and then get them elected, and that is sending shivers of fear down the spines of professional Democrats, their consultants, elected officials, and people in the media. Democrats are voting against President Obama. Democrats are distancing themselves from failure. The cult of personality, the cult of celebrity, that this White House has attempted to mine, has been overwhelmed by the sting of reality. People’s homes having no value. People’s jobs paying nothing. People not being able to get jobs, no economic growth, moratoriums on drilling for oil, roadblocks on pipelines that would bring oil, which would cheapen energy prices. Attacks on conventional energy sources. The American people want no part of it.
On Democrat proposals for a new tax on millionaires as a way to fund job creation…
Washington has nothing to do with job creation. As we’ve seen in the last 2 ½ years what Washington does is destroy jobs. What Washington does is put obstacles in the way of economic growth that would lead to job creation, particularly Washington when run by Democrats and liberals. Aren’t millionaires the ones that hire employees – is this a good time to start punishing them?
Mark Steyn is filling in for Rush today… On economic signs of the times under the Obama Administration
Sales of ovens and stoves are at their lowest in twenty years. So if you want to stick your head in the oven and light the gas because you can’t stand the way the economy’s going, you won’t even be able to do it in a new oven… And while we’re giving out all these numbers, here’s my favorite number of the day. It’s an absolutely ingenious statistical comparison from Mark Tapscott in the Washington Examiner. According to Jim Messina, his campaign manager, through the second quarter of 2011, President Obama now has 552,000 contributors to his 2012 reelection campaign. The Bureau of Labor Statistics announced that during the same two quarters the US economy generated 260,000 jobs. In other words, Obama attracted twice as many campaign donors as his economic policies created new jobs.