Talk about depressing.
According to the Labor Department’s Bureau of Labor Statistics, more than 94 MILLION Americans are currently out of the labor force, a stunningly bad figure that, if not reversed, brings the entirety of the U.S. economy toward the brink of total collapse.
And for those defenders of Barack Obama (namely Mr. Obama himself) HOLD UP.
You want to know what the jobless rate was in 2009 when the country was in the middle of the Great Recession?
That’s right – during Barack Obama’s tenure as President, nearly 15 million MORE people have dropped out of the labor force.
That isn’t an economic recovery.
That’s a disaster – and THAT’s the Obama economy.
And for those who claim much of that decline in the labor participation rate is caused by retirement of Baby Boomers would do well to remember that as of now, the single largest generation currently in America are those beloved snowflake Millennials as outlined in this recent headline via PEW RESEARCH:
Millennials overtake Baby Boomers as America’s largest generation
Under a stronger economy, those Millennial workers would be more than filling the vacancies left by retired Baby Boomers.
THAT ISN’T HAPPENING.
Millions of Millennials remain unemployed, living at home, wasting what are to be the most productive work years of their lives obsessed with Social Media and the latest video games, a generation lost in perpetual college attendance, safe spaces, and repeated manufactured outrage – overfed, under-motivated, and an ever-increasing drain on a nation with dangerously limited financial resources:
Think about this and then try and argue America is not in serious economic trouble:
Among the youngest and now the largest generation in America, is also among the most unemployed.
That trend is unsustainable, and if not reversed, economic collapse is the only possible result.