11.4 Million Americans have left the US workforce since Barack Obama took office.
The workforce participation rate is at its lowest level since the Carter years.
The workforce participation rate is at a 36-year high under Barack Obama.
Despite this Barack Obama told The Economist this week that he’s “been friendly to business. What complete lunacy.
The Hill reported:
President Obama says he has been “friendly” to business, but understands why they are “frustrated” with many of his regulations in a new interview published in The Economist.
“They always complain about regulation,” Obama says of business leaders. “That’s their job.
“I would take the complaints of the corporate community with a grain of salt,” he adds. “If you look at what our policies have been, they have generally been friendly towards business.”
Speaking of the Dodd-Frank financial reforms, Obama says his regulations helped hold the global economy together at a time of crisis.
Obama explained that there are “core” areas, such as the financial markets, “where, yes, we’re placing constraints on them. It probably cuts into certain profit centers in their businesses.”
“I understand why they would be frustrated by it, but the flip side of it is that they’d be even more unhappy if the global financial system unravels. Nobody has more of a stake in it than them,” Obama said.