luthervol
rational (x) and reasonable (y)
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There was a very slight dip in the relevant post-recession participation rate, but the actual amount of difference is so minimal that it doesn't work as a way to explain away Obama's metric of full employment.
It is an even worse talking point when you consider GDP growth didn't pick up under Trump despite unprecedented deficit spending.
All this makes little sense in an American political context anyway, as the POTUS has less to do with the 50 state economic engines and the robust American free market business cycle than any other comparable world leader. Though Trump and Obama both bungled some stuff, did some stuff right, their actual economic impact was far more minimal than their cheerleaders/detractors would have you believe. Even tariffs were an impact of fractions of a percentage point of total GDP.
So these arguments tend to waste all of our time, but that is what many voters sadly believe and they are always left wondering why outcomes don't match expectations.
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Adjusted numbers once again. Notice up at the top "Labor Force Participation Rate - 25-54 Yrs". The problem keeps being definitions and boundary conditions. Why would you artificially use 54 instead of a more common retirement age? Note what happens if you look at workers 55 and older.
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There's no mention if these numbers include farm jobs - often labor statistics don't. Here's a chart to put that potential omission into perspective
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Note the farm statistics are numbers and the other charts are percentages. With an increasing population, clearly in the earlier years the farming jobs would have had a significant impact ... but we don't know if they were included or excluded. This is the problem with adjusted numbers which was really my complaint about government's measurement of unemployment in the first place. Just the damn facts, please. None of the charts are directly comparable because we don't know the percentage of groups like 55 and above or 25-54 as a percentage of the total population.
I know, you have to elect him to find out what his policy are though, he's not very forthcoming. The dangerous demogogue is standing beside him as the VP candidate. So it's a lose lose aye?Most Americans see him as a decent man who will return civility to politics and not act like a dangerous demagogue. It's certainly not much, but it is extremely unlike Trump, and it may be enough this election.