WHAT RECOVERY? George Will Exposes Obama’s Failed Economic Record (Video)
George Will tonight exposed the Obama administration’s failed economic record.
He nailed it.
“The recession began in December 2007. Since then we’ve added 13 million more Americans are in the country and we have 1.3 million fewer jobs. We’ve lowered the unemployment largely, not entirely, but largely because workforce participation rate has gone down as more and more workers have been discouraged and are no longer count any more because they’re no longer looking for work. If the workforce participation rate today were as high as it was when the recession began the unemployment rate would be 11.3% . We wouldn’t be calling it a poor recovery because it wouldn’t count as a recovery at all.”
George is right.
The employment-population ratio the last twenty years has bottomed out during the Obama years — that is, the percentage of Americans above age 16 who work for a living.
The chart clearly shows the results of Barack Obama’s failed economic policies.
** Zero Hedge has more stats on how Obama’s policies have damaged the American economy.