Category Archives: dumbass

Even his own party can’t stand him

Obama Faithful Walk Out on President’s Speech

We’ve reported several times on Democratic candidates’ unwillingness to be associated with Obama’s failed Administration, but things just got a little bit more embarrassing for the President and his supporters.

At yesterday’s GOTV rally for Maryland gubernatorial candidate Anthony Brown, Democrat supporters who had waited hours for the chance to see the President speak reportedly walked out once Obama began his remarks.

[…]

There’s only one reason someone would leave a Presidential rally after snapping a picture on their phone—if they had no interest in what the President had to say.

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Quibbling

That 6.2% unemployment rate 0bama’s been bragging about lately?  This is what made it possible:

Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force

In 2008, it was closer to 66%. The most recent peak was back in 2000 or 2001, at about 67%.

Do the math: Which is better, 10% unemployment with a 66% labor participation rate, or 6.2% unemployment with a 62.5% labor participation rate?

2008: (1-0.1)*0.66=0.594
2013: (1-0.062)*0.625=0.58625

Bottom line: even with lower U-3 unemployment, a smaller percentage of people are gainfully employed today than in 2008. If the labor participation rate had stayed at 66%, U-3 unemployment today would be about 11.2%.  Thanks, 0bama! :-P