If Sequester Costs US 700,000 Jobs It Would Be Greater Success Than the Obama Stimulus

Democrats and the Obama Administration warned Americans this week his proposed sequester cuts would result in 700,000 job losses by the end of 2014.

That sounds pretty awful, huh?

Well, it sounds bad until you compare it to the Obama stimulus.
In the three years after the $787 billion dollar Obama stimulus the Labor Force Participation Rate dropped from 65.7% in January 2009 to 63.6% in September 2012.
labor participation rate
That means that after the stimulus was passed nearly 5 million Americans fled the workforce in hopeless despair.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.

 

Thanks for sharing!