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  1. CNN has been leaning on this for a while. I watch them a few times a week during my lunch break, and at the very least, Jack Cafferty gripes about this at least once a week. So it’s always been there, maybe just not as prominent as we would like.

    Comment by Sonicfrog — May 3, 2012 @ 5:01 pm - May 3, 2012

  2. I think that this has less to do with Obama’s understanding and more to do with his priorities: He cares far, far more about “redistributing” wealth than about the overall health of the economy. He prefers that we all be equally destitute than for some of us to be wealthier than others. (Note that this does not mean that he is willing to himself be destitute: The rulers of a socialist state never lack for luxuries.)

    Comment by pst314 — May 3, 2012 @ 5:40 pm - May 3, 2012

  3. A lib on Hannity was saying, “So what if people are unemployed, under Obama they get unemployment and food stamps.”

    Comment by V the K — May 3, 2012 @ 6:13 pm - May 3, 2012

  4. The 86 million invisible unemployed? You might want to refine that figure. After all, not all of the population over the age of 16 WANTS to work. You’ve got:

    –High school students
    –College students
    –Senior citizens
    –Parents and spouses who stay home by choice.

    It is true that the labor force participation is at a very low 63.8%, and you’re right that this should be factored in to our analysis. But over the past decade, the rate hasn’t gone over 66.7%.(http://data.bls.gov/timeseries/LNS11300000)

    That means the “invisible unemployed” (compared to prior years) are about 3% of the population aged 16 and over, and that sure isn’t 86 million people!

    Comment by pk — May 3, 2012 @ 6:45 pm - May 3, 2012

  5. “Applied Theories in Martian Economics”

    I think you meant, Mar*xist.

    Comment by ILoveCapitalism — May 3, 2012 @ 7:38 pm - May 3, 2012

  6. #4: good point. So many statistics are quoted without context, my head spins.

    Part of the problem with this economy is the constant “talking down” that has everyone spooked, whether they need to be or not. I’ve quit listening to Rush because that’s about all he does anymore (and he slammed libs for talking down the economy when Bush-41 was president).

    When the average person sees “86 million unemployed” – without questioning how that number was calculated – they see an impossible problem and tune out.

    People are becoming immune to apocalyptic talk.

    Comment by SoCalRobert — May 3, 2012 @ 8:28 pm - May 3, 2012

  7. #4 – You are right….. as of today, it is now 87 million not in the workforce. Record high numbers. Our population is not growing that fast to account for it. Jobs should be growing at 250K+ per month. It is Obama’s post 2009 policies that are stunting job growth. Facts, man, facts.

    http://www.zerohedge.com/news/people-not-labor-force-soar-522000-labor-force-participation-rate-lowest-1981

    Comment by GayPatriot — May 4, 2012 @ 10:04 am - May 4, 2012

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