One cannot drink oneself into sobriety. Yet that is precisely what Congressional Democrats and the Obama Administration have attempted with our economy for the past year with predictable and painful results.
Unemployment continues to stand at an official 10% for the third month in a row, the worst joblessness in 27 years. The real unemployment rate is far worse. Included in the December economic figures was a shocker – the percentage of adult men who are working has fallen to the lowest level in recorded U.S. history at just 80%. That means that one in five men in this country between 18 and 54 are neither working nor claiming unemployment. They have fallen completely out of the workforce.
Economists estimate our true jobless rate as high as 17%, and that could grow in coming months as more Americans exhaust their unemployment benefits and lose homes to foreclosure.
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