“The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman
And if you think comparing the first 40 months of various presidents is "foolish" and "stupid," tell that to those who commonly compare the first 100 days in office, which is a very standard comparison.
Labor force projections to 2014: retiring boomers
The labor force will continue to age, with the annual growth rate of the 55-and-older group projected to be 4.1 percent, 4 times the rate of growth of the overall labor force. By contrast, the annual growth rate of the 25-to-54-year age group will be 0.3 percent, and that of the young age group consisting of 16-to-24-year-olds will be essentially flat.
With the oldest population growing at a rate of 4.1%, compared to .3% and flat in other groups, hopefully, you can see why the partipation rate began falling since 2008.
Now the legacy is trillions of dollars in debt, a country where retirees expect the young taxpayers to support their lifestyle, but those young taxpayers don't exist in the numbers to support this system. They have either been aborted or birth controlled out of the future. BHO and his followers still have their heads mired in the 1950's and cannot change.
Last edited by Grant; 06-09-12 at 02:21 PM.
It has not decreased "slightly". It has fallen off a cliff. I went to the full report in the link your provided. I went to where they calculated what the LFPR had been, and then where it would be in 2014, based on population growth and baby boomers, Etc. Table 5. Top line:During the 2004–14 period, the growth of the labor force will be due entirely to population growth, as the overall labor force participation rate is expected to decrease slightly from the 2004 level.
Here it is
Based on boomers, the drop from 2004 to 2014 was projected at 0.4%. From your report. From the BLS.
But, it is now 63.8. That is 1.8 - 1.9 % below boomer. Add that to our current 8.2% unemployment, and we're back at 10.0 to 10.1 unemployment.
Your analysis is one massive fail, because you did not look at the numbers. Just cherry picked. Which was my original point, and now you just got worse.
Last edited by Eighty Deuce; 06-09-12 at 02:22 PM.
This could go down as the quote that sealed the deal, and we're not even to the debates yet. Of course Obama will own Romney in the debates, but Obama in a debate is like having Clemens on the mound. It's his element.
At any rate: What a dumbass thing to say. Reminds me of McCain saying "the economy is solid" in '08.
Yeah, the shroud is off that one my friend...Obama is a monumental liar, that can't speak without a teleprompter, hell, he can't even make a comment on small business owners and how they are doing without having to come out that same day and stutter all over himself walking it back...
Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville
Always keep in mind that it was Barry Obama who selected Joe Biden to be Vice President of the United States. His reasoning was likely comedy relief, or that Joe might make him look good by comparison. His real reason remains shrouded in mystery.
Didn't he walk this back later? I thought I heard that he was backing off of this statement.
Again, IMO President Obama hasn't the skills for the job of POTUS. It's really starting to show, big time now.
He can sure campaign, but he sure doesn't have the chops it take for the presidential job.
I'm voting for Romeny.
If Obama loses the election in November, I wonder what that will do for the value of my Topps Obama trading cards that I bought in 2008?