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Liberalism: Why think when you can “feel”?

Obama spokestool: People leaving the workforce is good for the economy

Just so you can understand Liberalese: “unemployment” is bad, but “not working” is good.  Got it?

Just when I thought there couldn’t be a bigger fool than Gibbsy, Carney proves me wrong.  Observe:

White House Press Secretary Jay Carney explained that the number of people dropping out of the work force, which artificially depresses the unemployment rate, can be regarded as an “economic positive.”

“A large percentage of that is due to younger people getting more education, which in the end is an economic positive,” Carney said. “This increase in the number of people leaving the work force has been a trend and a fact since 2000, because of an aging population, which is not to say this is wholly — that’s not to say that I would wholly disregard as an issue.” Carney had been asked about the 19 million underemployed or unemployed Americans, and about people who had left the work force.

Ah, I see.  People going to college and racking up massive amounts of student loan debt (which they later march, drum, and push old ladies down steps over having to repay) while earning degrees in such incredibly useful and productive subjects like Women’s Studies or Sanskrit is a net positive for the economy.  Got it.  Thanks for the clarification.

Anywho, continuing:

“I think some of those who, I suppose, don’t wish us well politically have tried to make a point about this,” he also said. “The facts are that in these most recent numbers, this is not an issue of people leaving the work force; the numbers are positive across the board.”

“This is not an issue of people leaving the work force”?  Um, yeah…it is.

So how is the labor force participation rate looking today?

At 64 percent, it is well below the peak of 67 percent during the dotcom bubble, and significantly below the steady state of 66 percent we saw during the 2000s. Given the Baby Boom retirement and other demographic shifts, CBO projections expected it to be declining – 65.3 percent at the beginning of 2012. We are now 1.3 percentage points below that demographic estimate, the equivalent of 3.2 million “missing” workers. If the “missing” people were in the labor force, the unemployment rate today would be 10.4 percent, not the current 8.5 percent.

Look at it this way: if a hospital loses a number of sick people because they died, they could claim the drop in sick patients as a “net positive” for their hospital, right?

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February 7, 2012 - Posted by | big government, economic ignorance, Obama

6 Comments »

  1. […] Obama spokestool: People leaving the workforce is good for the economy […]

    Pingback by Unemployment Tricks: Jobs Claim Made by ‘Shrinking’ Workforce . » Kallsign Snoopys Doghouse | February 7, 2012

  2. Hey, how can I get in touch with this guy??? I’m fresh out of TURD POLISH!!!!!!

    Comment by Kevin | February 7, 2012

  3. The only people that this is good for is the president and his cronies.

    Comment by Steve | February 7, 2012

  4. Yeah, right and next thing you know, they’ll be telling us that unemployment benefits are the best way to stimulate the economy, eh, or no, wait…

    Comment by Im_bonafide | February 8, 2012

  5. Hey, I had gangrene in three of my toes, and the doctor cut all three off. My foot is not BETTER, because it shows a dramatic, 100% decrease in gangrenous toes on my foot! Man, what a positive turn of events!!!!!

    Comment by Kevin | February 8, 2012

  6. […] Obama spokestool: People leaving the workforce is good for the economy (crushliberalism.com) […]

    Pingback by the eyes to see: how the meek shall inherit the earth « JRFibonacci's blog: partnering with reality | March 3, 2012


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