As you can see by this chart, the ratio of working-age citizens who are employed, versus those who are unemployed or have given up looking for work is at the lowest level in modern history.

This is because Obama's economic policies are doing more harm than good to the US economy.
Obama has engaged in an orgy of spending and defecits the likes of which we have never seen in the history of our Republic, and the money is being used almost exclusively to fund politically oriented programs that have little to no stimulative effect. This does nothing to inspire confidence that a recovery is near, but does everything to inspire confidence that tax increases are.
Many of Obama's initiatives since taking office have been driven by the Democrats dishonest class warfare agenda. Rewarding government employees at taxpayer expense, rewarding union members at taxpayer expense, and demonizing the business community and the investor class at every turn. Hmm... which of those groups is the one that creates new jobs again?
Obama and the Democrat controlled Congress passed a healthcare bill that will significantly increase the cost of doing business in America, just when businesses could least afford it.
Obama & Co. are placing increased regulatory burdens on many sectors of the economy, again to little real effect, but politically popular with ingnorant Democrat voters even though they hurt the private sector and impede the chances of a recovery.
Obama and the Democrats are threatening to push through a cap & trade style energy bill that would amount to a $640 billion dollar tax increase on American businesses.
Democrats keep floating the possibility of a European style VAT tax, which would just increase the cost of every product or service offered at every business in the nation.
In addition to all the business tax increases listed above, the largest income tax increase in American history is coming in six months (IS coming, not MIGHT come), and Obama and the Democrats can't wait for all that money to come to Washington. Money that could be in your community creating new jobs. This will likely be a crushing blow to an already reeling US economy.
All of this unecessary and politically motivated commotion (a.k.a. "Change") is creating a climate of fear and uncertainty in the private sector. Would you invest in expanding your business when any increase in profits would likely be taxed away from you? Would you hire more employees when the healthcare costs are set to skyrocket? Would you risk your wealth or take out a loan to finance a new business venture when things are so shaky and the leadership of this nation is apparently making every single wrong move you could make?
No.
And the results are already becoming clear:
The Federal Reserve reported Thursday that nonfinancial companies had socked away $1.84 trillion in cash and other liquid assets as of the end of March, up 26% from a year earlier and the largest-ever increase in records going back to 1952. Cash made up about 7% of all company assets, including factories and financial investments, the highest level since 1963.
Businesses are setting aside cash because they have no confidence in Obama. This cash could be creating new jobs and new opportunities, but Obama and the Democrats have blown any chance of a speedy economic turnaround. It will take a complete shake up in Washington to fix this, and that's not possible until January 2013, so buckle up folks, it's going to be a long and bumpy ride.

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