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.
That means that after the stimulus was passed nearly 5 million Americans fled the workforce in hopeless despair.