patrick.net

Obama is to blame for not fixing everyone's problems on his first day in office. Even if those problems were decades in the making and the zealot Bush poured jet fuel on a blaze.

Obozo!!

It seems the Democrats inherited a Perfect Problem.

They don't have to do fuck all, and if anyone bitches or moans about this administration, all's they's got's to do, is just merely mention the last administration.

It's their "get out of intelligent conversation free" card.

Obama is to blame for not fixing everyone's problems on his first day in office. Even if those problems were decades in the making and the zealot Bush poured jet fuel on a blaze.

Obozo!!

TL;DR

Bush's fault?

From the linked rt story:

"The data points to the aging baby boom generation – those born in the post-war years between 1946 and 1964, as a primary reason for the significant drop."

No shit!

shows the flood of the baby boom (age 51-69 now) hitting Medicare age this decade and next.

and

"Republican House Speaker John Boehner (R-OH) used the jobs report as an opportunity to criticize the Obama administration and the lackluster economic results."

It's all bullshit, all the way down now. Clearly Obama's to blame for the birthrate being boosted to +4M per year in the postwar 10 years before he was born, and for Reagan's legalizing all the mexicans here when Obama was a radical organizer in Chicago, said illegals now also hitting retirement age.

Oilwelldoctor says

Demise started a long time ago

"Demise" is part of the conservative propaganda. This nation has serious issues we need to address, but we have an unserious political dialogue between progressives and conservatives exacerbating everything.

It's pretty much always been this way, conservatives eventually lose one battle (universal male suffrage, slavery, federal precedence over states, trust-busting, immigration, the income tax, the central bank aka "Fed", womens suffrage, teaching evolution in schools, the gold standard, segregation, birth control, mixed-race marriage, abortion, gay rights . . .) and then pick the next stupid hill to die on.

Truly a bizarre mindset yet they're 40% of the population on a good day, and they show up and vote more than anyone (80%)!

90% of them "trust" Fox News, which says a lot.

Part of the conservative mindset is that everything is always falling apart. Bullshit!

sbh says

and show the graphs of that administration fist fucking every economic and budgetary index the entire time it drove the nation off the cliff

This is the first graph I made on FRED that really blew me away:

It tells the story of the booming 1960s, 'stagflationary' 1970s, then the Reagan Lift of the 1980s, then the Clinton consolidation, then how we got the Bush Boom last decade.

Also how we've been treading water since 2010.

Funny thing is not 1 person in 1000 is familiar with this basic element of economic reality.

Another quote from the article:

"To put it another way, when President Obama took office in January 2009, there were 80,529,000 Americans who were not participating in the workforce, which means that 12,369,000 US citizens have left the workforce since then."

There were 47M people age 62+ in 2009, now there's 57.5M, an increase of 10.5M. Not everyone age 62 was working in 2009, but that's the big driver of the trend.

It is true that the Great Recession kicked many workers in the nuts, but that's not Obama's fault, and if it were up to the GOP we'd be in year 7 of another Great Depression, just like they blew up the country in the 1920s and fought every effort by progressives to fix things in the 1930s.

shows how government employment has been suppressed under the GOP control of the House and thus Congress.

There's a million missing jobs right there. Talk about "job killers"!

Call it Crazy says

So, 6 years later, who's fault is it now for the participation rate?

Shows how things have stopped getting worse for the core labor market.

As for dynamics driving or not driving this, we would need to look at:

Real gov't spending .. note that this rose 50% during Bush's two terms, and has fallen $200B/yr since the GOP took over the House in 2010.

Well played, GOP, squeeze the neck of gov't and then blame the black guy!

but the Libbies have been sitting in the Big chair the last 6.

Read your Constitution some day, plz, specifically Article I Section 7

http://www.annenbergclassroom.org/page/article-i-section-7

What the fuck is your fixation with the +62 age group that isn't working???

That's what's driving the falling participation rate ("Working Age 16+" means just that, 16 to 115, but nobody knows that since everybody assumes working age stops at 65 or whatever)

main payers of your socialist utopia in the 24 to 54 age bracket

Which by the above graph is steady, not falling at all.

To get back to Clinton heights we're going to need to reverse a lot of mistakes we've made the past 10+ years, e.g.:

is a evidence of an immense asymmetry between corporate america (and "the 1%" who own 40%+ of it) vs. the middle-class paycheck economy.

If half that after-tax profit -- ONE TRILLION DOLLARS -- were either paid as wages or tax revenues, we'd have a much more solid economy now.

I fail to see how a conservative could disagree with this : )

American news reports 5.5% U.S. unemployment. Foreign news reports 33% U.S. unemployment.
mmm.....