September 3, 2010

UNEMPLOYMENT: “The jobs lost in the 2000-2001 recession don’t seem to have ever come back. The percentage of people in the workforce stabilized, but never recovered. This time, it looks like the re-employment picture will be even worse. . . . The Boomers are not retiring. Their workforce participation rate is well above forecast. Have you looked at your 401(k)?” Understandable, but of course that means fewer new jobs will open up.

Plus, from the comments: “The USA is increasingly not a good place to do business. We need a stiff broom. I worry that the GOP won’t do what it takes.” So do I. I was on Hugh Hewitt’s show last night, and he said that when he talks to Beltway GOP insiders he’s amazed at how out of touch they are. They’re not even sure about passing a ban on earmarks if they take the majority, much less more significant change. If they get the majority back, and blow it, they’ll be looking at a third-party challenge in 2012, and not just at the Presidential level.

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