Democrats are ready to take responsibility for the state of the economy and they deserve credit for putting it on the right track, the party’s chairwoman, Rep. Debbie Wasserman Schultz, said on Wednesday.
“We own the economy. We own the beginning of the turnaround and we want to make sure that we continue that pace of recovery, not go back to the policies of the past under the Bush administration that put us in the ditch in the first place,” Wasserman Schultz told Mike Allen at a breakfast hosted by POLITICO’s Playbook.
The economy, she said, “has turned around” since President Obama took office, with steady job growth evident even if the pace leaves something to be desired.
Republicans have ridiculed Democrats’ claims of economic success in the wake of disappointing jobs numbers and an uptick in the unemployment rate.
Wasserman Schultz said Democrats aren’t in need of a new story to tell about the economy because they’ve put the right policies in place. “I don’t think it’s about what we say, it’s about what we do.”
She said Democrats’ actions demonstrate their commitment to the middle class while Republicans’ do not. Though she commended several individual Republicans by name — including her home state colleague, Rep. Daniel Webster — Wasserman Schultz said the party’s leadership in the house is beholden to an extreme faction.
" Do You Critters Own This also Debbie ?"
The U.S. labor force, the total of those who are working or actively looking for work, has shrunk by 246,000 people over the past four years. Correspondingly, the labor participation rate, the percentage of the working age population that is working or seeking work, is now 64 percent — a 25-year low. At 54,000 new jobs per month, it would take 22 years to get the unemployed 13.9 million people back to work.
Even with the economy growing at the higher rate of 130,500 new jobs per month, it would still take nine years to get the 13.9 million currently jobless workers back on the job.
And that doesn't take into account the additional job growth that's required to create work for the approximately 150,000 people who newly enter the U.S. labor force each month.
But it's even worse than that.
On top of the 13.9 million unemployed, the Labor Department reported that the "number of persons employed part-time for economic reasons (sometimes referred to as involuntary part-time workers)" was 8.5 million in May.
These 8.5 million were "working part time because their hours had been cut back or because they were unable to find a full-time job," explained the Labor Department.
In addition, "2.2 million persons were marginally attached to the labor force" in May, reported the Labor Department. "These individuals were not in the labor force and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as 'unemployed' because they had not searched for work in the four weeks preceding the survey.
"Or This ?"
A Record Number Of Americans Turn To Food Stamps As America Is Gripped By Economic Despair
Would you ever accept government welfare?
Would you look down on someone who does? Well, if you would look down on a fellow American who receives food stamps then get ready to look down on a massive sea of people. The truth is that over 37 million Americans now receive food stamps, and the program is expanding at a pace of about 20,000 people a day. As hordes of Americans have been forced out of their jobs and their homes, millions are finding that the only way they can make it is to accept food stamps. For many it is a tremendously humbling moment to turn to the government for help, and for so many millions to be dependent on the food stamps program is yet another indication of how deep the economic despair in America has gotten.