Re: Workforce participation rate decline worse under Obama
posted at 8/5/2014 6:54 AM EDT
we can go thru all the battles over the coz of the Great Recession, the seeds were born under Clinton, Reno como etc. We then had Barney Frank protecting Fannie and Freddie with his boy friend, Jamie gorlick and that other fraud making millions. and btw O had his hand in it too when he came to DC to lobby for lax loan regs. He did it with protzker of Hyatt wealth and is now part of his admin
w realized it was bad but he never made a point of it in his state of the unions. Another dumb move, and a reason I detest Rove
tarp wasn't a bad idea, just how they did it. I have a bro who was president of a brand name company who was very profitable and cash positive. But they had to go every nite to roll over their current short term debt, believe me we neeeded Tarp for that. And half was left over from Bush to O
No president was going to have it easy, the rock finally came to the end in the gully, What is sad is that the Os stimulus plan, Ocare and now thousands of regulations from Ocare, Dodd frank and the EPA are killing us.
add to it a horrible tax structure not geared for growth and the economy is still on life support, thanks to the FED, no one knows if what they did will work, but they rolled the dice and it has kept us in front of land slide. The jury is still out, but I am hoping
my 55plus friends cannot find a job, make that 50plus, and are taking early SSS, except for engineer types it is bleak.
Millenials are the next road sign bomb, they are way underemployed. They have huge college debt and that will be a slow cancer thru our economy for years, starting with a weakened housing market
So it isn't just the low participation rate , it's also the number of part time jobs.
We need an optimization of the tax code(O acknowledged that lore cap gains meant more rev to the treasury, but he turns it down coz it's not fair)"but it is also about capital not returning to the USA.We need to unleash our Energy resources, and stop this regulation madness, I mean the Feds even now control kids bake sales.
a proper tax and reg system will increase ,
more peoples wealth and provide more dollars and possibilities for the indigent. Welfare last
But we are caught in class welfare wars instead