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Showing posts with the label obama mccain debate

Obama - McCain - Obama Will Win; The Economic Problem Is Why

This video was created just before the debate, but my prediction seems to have held and for the reasons I state here. This American Economy is in trouble. It's in bad straights for three basic reasons: 1) According to the Bureau of Labor Statistics, the Civilian Labor Force Participation Rate topped out 10 years ago and then decreased and continued to do so through to present day. What that means is that more and more people basically stopped looking for jobs and working at jobs than ever before for the first time. 2) The total rate of job growth started to increase at a rapidly smaller rate in the late 1990s and that continues today. You can see the BLS data I collected right on the video. We added about 20 million jobs each decade from the 60s to the 90s, but again in 1999, the job growth party stopped cold. We added just barely 5 million jobs in ten years, that's a drop of 75 percent over what we've produced in the past. 3) During the period of the job los