Why would this president care? When the piper shows up to collect he will be long gone and the constituency he has created, known as the takers, will be the voting majority. We already have insight into his thought processes - "bitter clingers of guns & bibles, doctors performing unneeded operations, gun policies to enhance profit, 25 pct of world consumption on 2 pct of population. What else do you need to know about this person? Do you really think he has the peoples back? Perhaps the dems - after all the GOP is his enemy, didn't he say that? I did notice he just voted himself lifetime protection and suspect he is going to need it as there are people out there for which "an eye for an eye" is a way of life.
Economists may not agree on much, but we all agree that economic output is a function of capital and labor. Ask a Keynesian, a Marxist, an Austrian, a monetarist, or any economist, and they’ll all agree that living standards are determined by the quality and quantity of these two factors of production.
So it should be very worrisome that there has been a big drop in the share of the population that is employed. Here’s a chart produced from Bureau of Labor Statistics data, showing labor force participation during the 21st Century.
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Thursday, May 23 | 02:10 PM ET
Thursday, May 23 | 02:10 PM ET
Thursday, May 23 | 02:10 PM ET
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At least, that's what I'll be shouting out my window as they shuffle around like zombies.