During the most recent recession, the employment-population ratio fell farther than it had during any other recession in the post-World War II era.As long as the Obama administration uses "emergency stimulus" funds to pay off political cronies, and conducts an all-out war against the US private sector and energy industries, the dismal news will keep coming.
If these were normal economic times, it would have been reasonable to expect a huge surge in hiring by now.
But we have not seen that.
Instead, the employment rate in the United States has been remarkably flat for more than two years.
So Barack Obama should not even begin to say anything at all about a "recovery" until the employment rate at least breaks the 59 percent barrier. _EM
Mr. Obama's ideology is poorly suited for leading a prosperous economy. His radicalism and deep anti-market sentiment fitted him to the profession of corrupt radical community organiser in the slums of Chicago. But as leader of the world's only superpower, Mr. Obama is a clownish and distracted millstone around the nation's neck.