James Kunstler always writes informative and though-provoking commentary filled with insight and unvarnished truth. His latest column is a must-read:
If you care about poll numbers, they tell a simple story of contempt for the current crop of US political leaders. Congress rates a 12 percent approval rating and President Obama, at 35 percent, scores lower than Richard Nixon did in the midst of the Watergate fiasco. I’m surprised that Obama’s numbers aren’t lower (and I voted for him, twice). After all, few American lives were actually touched by the lies and shenanigans that spun off of Watergate, and money was an inconsequential part of it. But a whole lot of people were affected by Obama’s dissimulations around the Affordable Care Act, while his tragic failure to reestablish the rule of law in banking from the get-go in 2009 probably amounts to impeachable malfeasance. Add to this the NSA domestic spying operations revealed by Edward Snowden plus the troops indefinitely garrisoned in Asian countries and you have a portrait of a creeping Orwellian contagion. (LINK)Here's a few more charts to go along with that caption above:
This last one should blow everyone's mind. It shows the Labor Force Participation Rate going back to 1948 and since Obama took office. The LFRPR is the number of peope working + looking for work divided by the total population. As you can see, the LFRPR is back to the level where it was in 1978. Remember, going all the way back to 1948, the demographics of our country were basically "Leave It To Beaver" - a one-worker/one-income family. This transitioned into a 2-income household during the late 1970's, so we would expect to see the LFRPR rise.