Unemployment smoke and mirrors

    Okay, so we see that the unemployment rate hasn’t “really” fallen, it’s just that more of our sons and daughters are living in mom and dad’s basement, more wives are now stay-at-home moms, and more former full-time workers have become casual labor, getting part-time work where they can.

    The really damning part of this picture is that the historical labor participation rate didn’t start its cliff-dive until just after Obama took office. It’s hard to blame the economy on Bush when you can’t show how you’ve struggled to provide “hope and change.”

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