folks not in labor force has gone from 80.5 M when Obama took office to 89 M now. a decline in labor force of 8.5 M under his leadership or lack there of. UE rate would be north of 11% with the same labor participation rate as when Obama took office. Thanks BHO. go play some more golf and hoop. Buy stocks cause "the daily gyrations of the stock market mean nothing" to quote Obama in January 2009. But now these mean a lot because it makes him look good. We are in a Recession. When will the market figure it out?
From Forbes Free-spending America isn't quite a banana republic yet. But in a Forbes ranking of sovereign debt the U.S. comes out No. 35, one rung below Estonia, on a global list of 85. Hard to believe that the U.S. would default on its debts based on its AAA bond rating, but based on credit default swap spreads there is a 3.1% chance of a U.S. default in the next five years, according to CMA, a London credit information specialist.