The above chart shows the “labor force participation rate.” This statistic represents the share of working-age Americans who are either employed or unemployed but looking for work. It is not a pretty picture. Only 63.7% of working-age Americans are currently in the workforce – the lowest in almost 29 years!Meanwhile, in Egypt and Syria, Obama's kiss of death blessing for the "Arab Spring" is bearing a predictably rotten fruit:
To put it another way, 36.3% of working-age Americans do not have a job and are not even looking.
After 3 years of failure, it’s time to try something that will work. Let’s ramp up energy production. Let’s cut away government red tape that slows down job creation. And let’s design new tax code that is simpler, flatter, and fairer. _Source
During the halcyon days of the protests in Egypt’s Tahrir Square, Western media outlets were filled with lofty predictions: the end of autocracy in the Middle East, the rise of the Arab twitterati youth, and the emergence of a liberal majority in the Middle East that would wipe away decades of tyranny and oppression. One year later, with repression in Egypt, fighting in Libya, and civil war in Syria, these predictions have been revealed for what they were: wishful thinking marred by an absence of critical thought about the region and its history. The reality is much uglier. _WRMThis is the developing anarchy under the benevolent umbrella of Obama's general good intentions, a la Saul Alinsky.
How far down can the world go under Obama?