Obamanomics In Action: Worst “Recovery” since the Great Depression

Unlike much of Europe, the working age population of the United States is not contracting.  Our actual work force, as in those actively working and looking for work, is another matter…

Nearly 1 Million Workers Vanished Under Obama

By John Merline INVESTOR’S BUSINESS DAILY

In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force — they aren’t working, and they aren’t looking — according to data from Labor’s Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.

This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.

“Given weak job prospects, many would-be workers dropped out of (or never entered) the labor force,” noted Heidi Shierholz of the Economic Policy Institute in her analysis of the BLS jobs report issued last Friday. “That reduces the measured unemployment rate but does not represent real improvement.”

According to the BLS, the “labor force participation rate” — the ratio of the number of people either working or looking for work compared with the entire working-age population — is now 64%, down from 65.7% when the recession ended in June 2009. That’s the lowest level since women began entering the workforce in far greater numbers several decades ago.

Yes, you read that right; less than 2/3rds of the working age population are actually working or looking for work, and that percentage has only gotten worse since the “recovery” began.

Time for a change in management.

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  • jim_m

    I think that the admin’s plan was to have enough people out of work that they would march in the streets demanding government take over of the economy to rescue them from their joblessness. (qv Cloward-Piven Strategy)

    Instead what the left got was the OWS movement which (quite literally) crapped all over our cities, was generally incoherent, and repulsed the rest of America with their violence and largely anti-American message.

    Remember that Pelosi and obama believe that unemployment insurance is the single biggest way to stimulate the economy.  It is even better than actually employing people to do productive work.  Having large numbers of unemployed is a feature of the obama recovery not a bug.

    • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay


      I think that the admin’s plan was to have enough people out of work that they would march in the streets demanding government take over of the economy to rescue them from their joblessness. 

      Try Boehner using every trick in the book to screw over the middle class and make Obama look bad.  Not apologizing for him but damn.  At least admit that the backdoor politics had an affect to make Obama look worse because he always collapsed like a deck of cards when faced with a tough decision.

      Instead what the left got was the OWS movement which (quite literally) crapped all over our cities, was generally incoherent, and repulsed the rest of America with their violence and largely anti-American message.

      That’s the most ignorant and dumb thing you’ve said and I had great respect for you and your ability to bring a valid argument.  Here’s why:

      OWS saves veteran homes

      Changed the debate from debt and deficits to income inequality and the power therein

      Terrified Right wingers

      Changing Nigeria

      Forced Cuomo to blink on higher taxation of the middle class

      Courts challenging “time and place free speech

      Helping to recall Walker

      Shut down 3 ports

      Helped to switch $1 billion dollars to credit unions instead of the big banks

      Forces cities to reevaluate the homeless

      And yet all you can do is use the same misnomer of them being dirty hippies who’ve succeeded in doing nothing but smelling bad.  Bravo.  The argument is missed on you that they’ve succeeded considerably in changing the political dialogue, exposing the problems of a crony government and showing why the current batch of Congressional critters are not good for US society.  Maybe if they weren’t busy making so much money, they would pass better laws based on the good of the nation instead of what’s good for themselves.

      • http://www.rustedsky.net JLawson

        And yet, none of those things that Obama and OWS have done have improved the economy one damn bit.

        Funny, that…

        • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

          @JLawson:disqus They’ve helped to further hobble the economy…

      • jim_m

        Whatever.

        You totally ignore the obama admin’s outright anti-business stance and how they have inundated the country with countless new regulations.  While the left seems to think that adding new regulations will mena new jobs for businesses to comply with those regs what it really means is businesses stop doing things that require them to fill out red tape.

        obama has stood in the way of real job creation time after time.  His primary position on taxes is that they should always be increased and that puts pressure on businesses to not hire in case they need to pay more taxes.

        His admin has taken an aggressivce stance against businesses like Boeing that open new factories in states that aren’t unionized and he has punished other companies for merely doing business in the US (Gibson).

        What your links are is nothing more than obfuscation around the central issue that obama hates free enterprise and he hates private business. 

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          No, Obama is not a centrist at all.  He’s been more of a conservative and betrayed his Progressive/Leftist base more than anything else.  That comes from listening to people like Rohm, Daley, and Geigner who came from a very corrupt system to be promoted in the government and helped to promote the very same policies from Bush and even Greenspan.

          Forget the left/right crap for a second and open your damn eyes. The fact remains that the entire system was bought and paid for through donations in making the system favorable to those in positions of power.

          No one on the left thinks that merely regulations will fix every damn thing.  That’s you wanting to put up a smokescreen of anecdotal evidence like you’ve done in the past.  Answer the charges in front of you and stop using that smoke screen.  You want to call the Occupy movement a smokescreen?  Fine, show some evidence that refutes what I’ve put up before you.  The charges are that this is not about Obama but a bought and paid for system of government that favors the wealthy.  Show some evidence that Romney, Santorum, or Gingrich will do better.  Hell, show some evidence that Paul will do better.  ANYTHING instead of acting like an ignorant ass when you’re called out for making an ignorant statement.

          obama has stood in the way of real job creation time after time.  His primary position on taxes is that they should always be increased and that puts pressure on businesses to not hire in case they need to pay more taxes.

          And he was criticized for extending the Bush tax cuts.  How has that worked out in making someone like Romney able to pay 15% in capital gains (which he holds in offshore accounts and doesn’t pay on anyway) taxes versus the middle class pay 28% in income taxes?  NAFTA is a joke that helped move the wheels of industry outside of the US.  If you are going to say Obama is the worst thing, then support someone far more right leaning who has an even worse record because he happens to have an R next to his name, then God help you, but that’s the dumbest thing I’ve ever heard.  It reeks of Jingoism since most of the candidates want to have a war with Iran.

          What your links are is nothing more than obfuscation around the central issue that obama hates free enterprise and he hates private business.

          I’m sorry, but where would Santorum not use the supposed “free market” to put together his ideal society?  How about Romney?  Would they regulate drug trade that hasn’t worked in the last 40 years?  Would they push troops to fight in Iran?  Would they allow the same corruption of government that the Occupy movement seems to be fighting against?  The current crop of Republicans seem to be worse than what Obama could do.  I only wish we had more choices for people that had sense than vote for anything against Obama.  This ABO just seems to have nothing going for it when it’s ignoring the reasons Obama may win a second time.

          • jim_m

            No, Obama is not a centrist at all.  He’s been more of a conservative

            Hahahahahahahahahahahahahahaha!

            Stop it!  You’re killing me!  A conservative?  Please share whatever you are getting high on.  He’s a socialist at the least having been raised by and shared common cause as an adult with communists.

            You are so disconnected from reality to think that he is a conservative that it is not worth while talking with you.

            I hope you achieve sobriety soon.

          • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

            What we have here is a Newspeak translation error.  He just picked the wrong slur, since all the other “we don’t like you” slurs (racist, fascist, etc) didn’t seem to fit the situation…

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay


            He’s a socialist at the least having been raised by and shared common cause as an adult with communists.

            Gitmo – Didn’t keep that promise did he?

            Tax cuts – still kept 

            Using the government as a weapon against civilians?  Check

            And he constantly keeps himself attached to people from Wall Street that Republicans love such as Rohm Emanual, Larry Summers, Bill Daly, and the rest of the crew from Goldman Sachs.

            Then you have Tim Geithner in all his glory who helped with the bailout.

            The people are overwhelmingly Progressive where they do not take conservative positions.  Here’s a few that show and expose Obama’s viewpoints and those of the US as a whole:

            84% of the people say do not cut social security.
            70%+ say don’t cut medicare, even to balance the budget.
            80% say tax the rich more.

            Out of Iraq/ Afghanistan is a majority Progressive position.

            And out of the US/Gallup poll, people 37% say they’re moderate, 42% say they’re conservative/very conservative, and 19% say they’re very liberal.  If you look at the propaganda war against the word liberal, you find that most people don’t relate kindly to being labeled liberal.  But Progressive would describe what most “conservatives/moderates” would be.  The American people are mostly responding to the word progressive with the most positive feedback out there and there is no one using the word.

            So let’s get back to Obama and those supposed Socialist leanings…

            NDAA – Republican dream since it uses the military to lock up Americans without a trial or and due process.

            Been in favor of indefinite detention for quite some time if I remember correctly.

            Warrantless wiretapping – Been in favor of this and has done nothing to curtail this issue.

            Executed US citizens abroad three times without due process.  Again, radical Republican position.

            Weak financial reform where he didn’t touch derivatives.  Zero fraud convictions on Wall Street.  Killed public option, instilled mandates (from the Heritage Foundation)

            Obama is on the left at all?  Ha!  Wake up from your slumber and look at the facts.  He’s further on the right than you care to admit.

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          -Double Post-

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          -triple post-

      • http://profiles.google.com/rtssdorsai Jeff C

        don’t you mean Pelosi since she ran the House for the first 2 years …

      • Hank_M

        OWS “…they’ve succeeded considerably in changing the political dialogue”

        That they have. Class warfare, envy, whining about useless college educations leaving them unemployable and saddled with debt.

        Their new political dialogue is to blame someone else for what they’ve done
        and what they’re responsible for. Their political dialogue is right out of a  community organizers playbook.

        That is not a coincidence.

      • http://profiles.yahoo.com/u/EU5DQWQTTHTPO4A4ZYSL3AAV2U Adjoran

        “not apologizing for him” as you apologize and make excuses.  Typical leftist.

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          Adjoran, I don’t like Obama’s central rightist ideals.  I don’t like him on civil liberties issues.  But I can sure as hell explain that, the problem with the system we have in place, and call out ignorant statements made and back up everything I say with evidence instead of anecdotes.

          Who would I honestly choose?  Gary Johnson for president.  Given the circumstances, I’m NOT voting for Obama at all.  But if he wants to make a statement that isn’t based in reality, I call out the statement.

          So if you can sit down and explain where I’ve “apologized” for Obama given my record of saying I hate how he’s signed in the NDAA, supported warrantless wiretaps, or the myriad of other problems with his presidency (where his wife is the only true progressive going against hardline Corporatists) then I’m all ears. 

          • jim_m

            His ideals are communist and his civil rights actions are fascist at best/  Those are both left wing ideologies with fascism believing in state control of a nominally privately held corporate sector.

            You don’t realize how much you sound like an idiot saying hat obama is conservative.

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            Bullshit.  His ideas came from radical right wing ideology.  Keep trying though.  You sound even more ignorant.

    • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

      -Double post-

  • Hank_M

    Not surprising.

    Obama last month:

    “However many jobs might be generated by a Keystone pipeline,” he said, “they’re
    going to be a lot fewer than the jobs that are created by extending the payroll
    tax cut and extending unemployment insurance.”

    Obama last June:

    “….at the Jobs Council meeting today. With a big grin, he noted, “Shovel-ready was
    not as — uh — shovel ready as we expected.” His remark prompted hearty laughter
    from others on the panel, including GE’s Jeffrey Immelt.

    It’s not just that Obama is clueless, but to Obama, this is pretty funny stuff.
    And aside from that, everyone on the golf course has a job so what’s the problem.

    • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

      The number of jobs created through that pipeline is ~300-500.  Not the thousands that was discussed earlier.

      Though why you make a remarke about the Keystone pipeline vs the Jobs Council is quite questionable.

      • Cecil Bordages
        • jim_m

          He also ignores the jobs that would be created by rediucing the transportation costs of goods by reducing the price of fuel and reducing the volitility in that price by having a more reliable supply.

          But never mind.  Like all leftists he really wants the US to be at the mercy of backward third world governments like Venzuela, Iran and Saudi Arabia.

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay


            But never mind.  Like all leftists he really wants the US to be at the mercy of backward third world governments like Venzuela, Iran and Saudi Arabia.

            Jim, you don’t know a damn thing about how I believe.  Stop trying to act as if everyone who’s critical of your stances is somehow a Russian communist that believes a utopian society is just around the corner.  It just ain’t happening and isn’t my position at all.

            Only off by about 19,500.  Math is hard.

            From Transatlanta…  That is the company that gets to talk to the government and decide if they’re being environmentally safe…  On a pipeline known to have leaks, and harm the environment so much that the Congresscritters spoke up in disapproval.

            You don’t look past the front lying issues do you?

          • Wild_Willie

            Jim, I would say that it is you who is bringing all the judgements. I sense your anger and I know where it comes from. You and a lot of others fell for Obama’s hopey changey thing and voted in a very corrupt, inexperienced, detached president. You and your friends were used and you don’t like that.

            I have been in the job force for 40 years and all that time, the 1% kept me employed. I never was employed by the first 50%. ww

      • http://profiles.google.com/rtssdorsai Jeff C

        right, manufacturing and then laying over a thousand miles of pipeline in a couple of years can be done by 300 people …  Have you ever worked at a real job ?

  • 914

    Hopeless Change fools like Jay and Stepene can drink the Koolada too!

    • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

      Don’t like Obama.  Just criticizing other who have no idea how the presidency will be worse with some of the Republican candidates. Obviously, some people don’t actually read up on all of the candidates and what they believe in.

  • 914

    “Worst “Recovery” since the Great Depression”

    Courtesy of the Worst President Evah!  Who’d a thunk?

  • Chip

    But…but…Bush and Chenny and and….it would have been worse had we not been in charge….and….Bin Laden!

    • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

      Guess who took him out after 6 years of failing to locate him and a bad war in Iraq.

      Oh whoops, guess history failed there.

      • Chip

        Yep Marines took him out. Keep patting yourself on the back there Jay, ya done good son.

        • Wild_Willie

          Chip, that is the differerence between the two presidents and the two parties. GW Bush would have given full credit to the seals. The right would support that. Obama goes on the ‘I personally killed Osama’ tour and Jay and the left applaud. “Look what we did”. One is humble the other selfish. ww

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            Willie, last I checked, you’re the same guy that balked when I told you to look into 1953 politics in Iran.

            I’m not saying Obama personally killed Saddam or Bin Laden.  But it’s funny how Obama is to blame for everything in the economy, yet people want to change the subject when “oh look who killed Bin Laden?”

            That’s a huge double standard to put up.

          • herddog505

            The double standard is:

            — The economy is bad solely because of all the things that Bush did, vs;

            — Barry got bin Laden, and the systems and people put in place by Bush had nothing to do with it.

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            Because the financial derivative market was started on Obama’s watch.  Gotcha.

        • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

          @Chip64:disqus , Ah, no.  SEAL Team 6 is not a part of the United States Marine Corps.

          • Chip

            Sorry, Seals took out Bin Laden not the Marines, you are correct.

  • ackwired

    You can’t compare this “recession” with the business cycle recessions.  Like the Great Depression it was caused by a bubble popping, thus destroying significant wealth.  This bubble destroyed even more wealth than the Great Depression.  You are right to compare the government actions in both cases and to compare the results.  Unfortunately, it is impossible to demonize Obama over his reaction to the economic collapse if you look at the facts realistically.

    • Wild_Willie

      So the wealthy were effected. The same wealthy you and your cronies demonize?

      Obama has done things to try to improve the economy and every one failed. this has been his economy for more then a year. ww

      • ackwired

        I actually did not mention the wealthy.  And I don’t demonize them.  I would like to be one of them.  If you look at history you see that it is illogical to compare this Great Recession with the business cycles of the past.  To find something similar to this, you have to look at the Great Depression.  The destruction of wealth slows down and can stop the economy.  By looking at and comparing the causes of these two events and the government’s reaction to the events, and how the economy reacted to the government’s actions, we might be able to learn something.  It might not reinforce your prejudices, but you might learn something.  That’s all I’m saying.

        ________________________________
        From: Disqus
        To: ackwired@yahoo.com
        Sent: Friday, January 13, 2012 12:22 PM
        Subject: [wizbang] Re: Obamanomics In Action: Worst “Recovery” since the Great Depression
        Disqus generic email template

        Wild_Willie wrote, in response to ackwired:
        So the wealthy were effected. The same wealthy you and your cronies demonize?
        Obama has done things to try to improve the economy and every one failed. this has been his economy for more then a year. ww Link to comment

  • http://profiles.yahoo.com/u/YSM6XGIY2CLRQKYDB746ZVVUUI Texas Accountant

    Wow!  Media Matters is running scared.  They sent over a platoon of trolls!

  • ombdz

    Seems this “recovery” has given rise to a number of new economic terms.  In addition to Obamanomics, we now have the Obama curve.  Not quite the Laffer Curve, but the shape has become depressingly familiar …

    http://bit.ly/qVdDUt

  • retired.military

    Jay

    “had an affect to make Obama look worse ”

    I didnt think that was possible Jay.

    • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

      Can’t help that Obama has been pretty spineless and signed everything for the past three years.  But knowing that Boehner stated quite clearly that his entire mission is to mess up the economy so that Obama looks bad should cause a number of people to state “Wait, what?” instead of blaming Obama on everything.

      The NDAA is still all Obama though.  It absolutely changes our rules of law to the rule of man, which I’m absolutely against.

      • jim_m

        So ramming through obamacare without GOP input and against the will of the public was being spineless?  I suppose that is how in your upside down world you can say that he is conservative.  obama’s problem is that 1) he is a liar and knew hat many of his pronouncements on gitmo and the war were total bullshit. and 2) he is a total left wing ideology and believes that he is incapable of error when hewing to his ideology.

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          If you actually look at the policies, Obama’s been right, not left.  He’s just been more conservative than most other conservatives.

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