April 5, 2013

2013-04-06-political-talk

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.

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May 4, 2012

rush-radio

On the dropping of the “official” level of unemployment to 8.1%…

Barack Obama has decided that the only way to lower the unemployment rate is to kill off jobs. The unemployment rate went down one-tenth of a percent from 8.2 to 8.1 percent, but the number of people who left the labor force is at an all-time high. It’s over 88 million Americans not working. The Labor Force Participation Rate – that is, the universe of all jobs available – is skyrocketing upward, and that means fewer people are counted in the equation, which means the unemployment rate is plummeting… we’re not moving in the right direction. It is sick, folks… it’s just unacceptable, what has happened to this country, what is happening to the jobs in the entire private sector here.


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