EXCEPT FOR THE FACT...:

With unemployment at 8.3 percent, Obama said the task of recovering from the economic disaster of 2008 is exceeded in American history only by the challenge Franklin Delano Roosevelt faced when he took office in the Great Depression in 1933.

...that our current 64% employment participation rate, while off slightly from the boondoggle peak at 67% in the late '90s, is at the level it reached in the later half of Reagan's first term, at which point it was a historic high.  In 1940, after the New Deal had been in full swing for almost a decade, the rate was 52%  Even excusing the President's assertion as typical political rhetoric it is economic lunacy.
Posted by Orrin Judd at September 6, 2012 9:08 PM
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