source read Peter Morici take on America’s new leisure class
The lie: President Obama, the U.S. economy is firing on all cylinders. Yet it is hardly creating jobs at a breakneck pace.
The Truth: Too many able bodied men have grown lazy and show no interest in working.
Since the recovery began, the economy has averaged 2.3 percent GDP growth and created 183,000 jobs per month. Adjusting for a smaller economy in the 1980s, the Reagan recovery accomplished twice that progress.
The Lie: Headline News reports unemployment rate has fallen to 5.7 percent>
The Truth: More than 10 million men between the ages of 25 and 64 have no job and make no effort to find one.
Obama’s plan has made abusing federal disability programs, easy access to free health care and food stamps and other welfare programs. Obama’s recovery plan encourages healthy able bodied men to mooching off of girlfriends, wives and other relatives, as a reasonable alternative to work.
This new leisure class that watch endless analyses of college basketball and NFL matchups on ESPN. Too many prime working age men, many with college diplomas and work experience but who lost higher paying jobs during the recession have determined it is either unprofitable, beneath their dignity or too inconvenient to get their fat ass up off the couch and look for gainful employment.