The View From 1776
Friday, April 04, 2014
Big Government Continues to Strangle the Economy
Latest seasonally adjusted estimates of employment suggest that private employment may, after five years, finally have inched up to levels prevailing in January 2008. Meanwhile, the Labor Department’s estimate of real unemployment, the U6 measure including people who have given up trying to find a job, is 12.7%, nearly double the 6.7% based on people still in the active labor market.
Read Larry Kudlow’s sumation on why Obama’s policies have placed the biggest drag on economic recovery since the socialistic collectivism inflicted upon the nation by Franklin Roosevelt during the Great Depression of the 1930s.