~ Where the Sun Will Never Set on Our liberty ~
When the April figures on unemployment were released May 4, they were more than disappointing. They were deeply disturbing.
While the unemployment rate had fallen from 8.2 percent to 8.1 percent, 342,000 workers had stopped looking for work. They had just dropped out of the labor market.
Only 63.6 percent of the U.S. working age population is now in the labor force, the lowest level since December 1981.
I think Obama has been taking Carter's little economy pills.
LOL! Good one JB!
Buchanan is spot on with this, summed up at the end of the column (bold emphasis is my own):
In 1965, LBJ announced his plan to convert our ordinary society into a Great Society. Since then, trillions have been spent.
The fruits of that immense investment? The illegitimacy rate, dropout rate, crime rate and incarceration rate have set new records, as the test scores of high school students have plummeted to new lows.
Our labor force is shrinking, the number of dependent U.S. adults is growing, our social programs are failing, and our best educated and most productive generation is retiring.
To borrow from Merle Haggard, "Are the good times really over for good?"
Pretty soon less thanhalf of the populationg will be supporting the other half because that half won't be capable of doing anything. Thay have gotten rid of trade training in schools because they WANT a bunch of needy uneducated or able persons for thier Utopian Society! UGH! We are truly in trouble...