President Obama has recreated the Carter malaise! While the left is trying desperately to get the unemployment rate under 8% for political reasons using political means, they are doing so by demolishing our economy. In fact, to be honest, Obama’ campaign slogan should not be “Forward!” but rather “Backwards!” In fact it should be “Backwards to 1981!”
Why? Because while the unemployment rate may be dropping it is dropping because there are fewer and fewer jobs. Right now the participation rate in the job market is the lowest since the end of the Carter’s disasterous policies.
Still hoping for change.