Over at PJ Media, David Goldman wrote a wonderful analysis of the so-called economic recovery. President Obama talks about how things are getting better, but that only makes sense if you ignore reality and create your own metrics. The following graph is included in Mr. Goldman’s article.
The gray bars indicate recessions. The blue line is the percentage of people working. After almost every recession you can easily see a sharp increase in the employment rate. The only two exceptions are the early 1960s and the current administration. My version of the graph highlights the trends.
What caused the spike in the 1980s? I think it was those evil Wall Street investors and that evil Trickle Down Economics that the left claims didn’t work. What caused the rise in the 1990s? The dot-com boom, you know, all of those evil rich kids creating companies with daddy’s trust fund money.
I would also like to point out that despite the recession after the dot-com bust AND the attacks on 9/11 Under Bush and a Republican controlled congress, America was rising economically. Unemployment was around 4%. But what happened? Democrats took control of Congress and the spending spree began. Sadly, President Bush went along with it, which was one of the vital seeds that led to the rise of the Tea Party.
If you listen to the left, America is not a place where people can start a company in a garage, or drop out of college to become 1%-ers. Nobody earns that success, therefore it needs to be stolen and given to the “less fortunate.”
I would like to point out that the largest drop in the employment numbers followed the housing bubble burst while Congress was under Democratic control. I’ve written about how Democrats enabled the disaster we are still recovering from, despite Republican attempts to prevent it. These are facts, not opinions. Why isn’t it getting better? Because the current president is doing nothing to give business the confidence to hire or invest. This is a major distinction. Until our government gets reigned in, businesses will have no choice but to keep things very tight financially.
The bottom line: Obama is making things worse. He is extending America’s suffering. No amount of government spending will help. In fact, it will make 0ur future far worse than most average Americans can imagine. Obama is making things worse. Repeat and share.
