Washington, Feb 16 – Tomorrow, February 17, 2012, will be exactly 3 years since President Obama signed his infamous stimulus package into law. It was a plan designed to create jobs by growing the size of government, and its record has not been good.
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The above chart shows the “labor force participation rate.” This statistic represents the share of working-age Americans who are either employed or unemployed but looking for work. It is not a pretty picture. Only 63.7% of working-age Americans are currently in the workforce – the lowest in almost 29 years!
To put it another way, 36.3% of working-age Americans do not have a job and are not even looking.
After 3 years of failure, it’s time to try something that will work. Let’s ramp up energy production. Let’s cut away government red tape that slows down job creation. And let’s design a new tax code that is simpler, flatter, and fairer. Let’s pass the Jobs Through Growth Act, and create jobs by growing the economy – not the government.