I’m trying to get the term “Detroitocrats” — referring, of course, to the members of the hard left Democrat Party who ruin everything they touch — popularized. Today’s jobs report can only help my cause.
…The number of Americans who are 16 years or older and who have decided not to participate in the nation’s labor force has climbed to a record 90,609,000 in September…
…In January 2009, when President Barack Obama took office, there were 80,507,000 Americans not in the labor force. Thus, the number of Americans not in the labor force has increased by 10,102,000 during Obama’s presidency…
Please take a closer look at the chart. Notice that around May of 2010, when Obamacare was jammed through Congress without a single Republican vote, the labor-force participation rate started heading south. And it hasn’t let up since.
In fact, less than 150,000 people in the U.S. — total — found work last month. That’s less than 3,000 people per state — or about the number of people who attend a high school football game.
…just 148,000 people found work last month.
“I think it is an absolute disaster,” says Brian Sozzi, chief equity strategist at Belus Capital Advisors in the attached video, where he calls today’s release a “horrifically depressing report.”
As Sozzi sees it, “there’s stuff going on out there in the economy that nobody is talking about.”
Specifically, he cites the need to listen to what companies such as Stanley Black & Decker (SWK) and Hasbro (HAS) are telling us this earnings season, and to take heed of the restructuring plans, earnings misses, and soft revenue results.
The Detroitocrat Party is literally turning all of America into Detroit.
They have no blueprint, no master plan, no overarching document describing their endgame they can share with us. They will continue to tinker, to social-engineer, to “fix” society using increasingly totalitarian methods to address the “non-compliant”.
And like D.C., like Chicago, and — yes — like Detroit and all of the other bankrupt cities in California, jobs, opportunity and hope will disappear from the landscape like a wheat field devastated by a swarm of locusts.
Hat tip: BadBlue News.