Whenever President Barack Obama touts his seemingly low unemployment numbers, we conservative rightfully point to the equally low labor-force participation rate – but liberals then try to refute our numbers by blaming this rate on seniors and college students.
Except that according to Peter Morici, an economics and business professor at the University of Maryland, seniors and college students do not explain the low labor-force participation rate.
Writing for Newsmax, Morici noted that “Americans over 65 are seeking work in increasing numbers” due to a lack of adequate pensions. Likewise, those Americans not participating in the labor force include an estimated “7 million men between 25 and 54 – too old for college and too young for retirement.”
“Don’t be fooled,” the professor wrote. “Unemployment is high and for most, wages are low.”
Thus, the economy is not as nice as President Obama or is liberals would like us to believe.
— Sam Thiessen (@SamThiessen) January 30, 2016
This brings us to Donald Trump, whose dark and gloomy rhetoric about America having mass unemployment, crime, and hatred rings truer than most realize.
While it is true that many Americans still have meaningful careers, the truth remains that President Obama’s policies have made conditions worse for nearly all of us in one way or another.
The president’s numerous entitlement programs have drastically increased taxes and healthcare expenses for several families, causing some to even drop out of the healthcare market completely.
— John Boehner (@SpeakerBoehner) June 15, 2015
Likewise, illegal immigrants have increased competition for jobs while taking as many freebies as possible -all while Americans have to pay more and more money to get a decent education.
Morici said it best, “Neither is getting much better nor will likely get much better if we stay on our present course.”