This chart tells you just about everything you need to know as you prepare to vote in 2012. Prepared by the Republican Study Committee, it depicts the percentage of Americans in the labor force from January 2005 (commonly known as the “good old days” through January 2012. The decline in the number of working Americans is staggering. And note that Barack Obama became president in January 2009, about 3/4 of the way through the gray “recession,” and just before the “stimulus” that is marked with a red dot. What has happened since Obama took office is that the jobs situation has steadily deteriorated:
I have written many times that inefficient spending cannot create jobs. Rather, wasteful spending destroys wealth and thereby destroys jobs, too. That thesis is amply borne out by the experience of recent years.