edthecynic
Censored for Cynicism
- Oct 20, 2008
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Were the other retiring generations as large as the Boomers? .... No.Were Boomers retiring during St Ronnie's regime?But the labor force participation rate GREW then with Reagan... that is not the case now.. it is 0.1% higher than the low of 63.6%, which last occurred DEC of 1981, as Reagan was getting things in place to start economic improvements
Were previous generations retiring?? Yes... The fact is that during this "improvement" you libs claim, the LP Rate has dropped each and every month under Obamalama.. not grown... and it is because of the economic environment and jobs situation under this administration... boomers only retire under Obamalama enough to drop the rate 2 points?? They did not retire under Bush II? His drop was .7% and was pretty consistent until the last months of his 8 years...
And funny how the unemployment rate rose and fell in line with the LP rate under Bush II, yet during this 'improvement' it only continues to fall with Obamalama...
Quite simply, the employment situation is no better... When you look at the complete picture, not handpicked manipulated numbers
And your own link shows the LPR started to fall in 2008 during the Bush Regime. 2008 was the first year Boomers could retire at age 62.