You don't have to be an economist to understand these numbers, they speak for themselves. This ugly picture is the the Civilian Employment to Population Ratio.
There are two points on the chart that immediately jump out at you. In 1984 jobs and the economy starting growing at an unprecedented rate. In 2008 the chart falls off steeply and begins to look like a graveyard dive.
Reaganomics is generally considered to have ushered in an era of prosperity and growth, this chart seems to bear that out. We are in the midst of a the great liberal experiment, Keynesian economics and spread the wealth Socialism.
Click on chart to see full size
This administration and liberals have been hell bent to prove Reagan wrong. They have had their chance, they have taken their best shot, but they have only made Reagan look better.
In 1984 the percentage of population employed was at about 57 % since then it has steadily grown to reached a level of about 63 % in 2005.
Today it is back to about 58 %. During the Obama administration we have erased almost 30 years of job growth, and are now back at the levels we have not seen since the 1970's.
We either were in one big fantasy bubble from 1980's until 2005 or the Obama administration is definitely on the wrong track.
There is no silver lining in these numbers, it is weak, weak, weak. And confidence that things will improve is getting worse.
As far as Obama saving us from another Great Depression, well, it ain't over yet.
Have you had enough yet ?
No comments:
Post a Comment