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Curmudgeoness

(18,219 posts)
3. I don't even buy his explanation
Tue Jul 14, 2015, 11:22 AM
Jul 2015

about what he "really" meant. He doubled down on his comment by adding that we need to be "more productive". That always means that we have to do more with less...it always has meant that in terms of economics. It means that if I work eight hours and produce ten widgets, they want me to find a way to streamline it and get my speed up to fifteen widgets. THAT is more productivity.

And since I keep hearing that we took this out of context, his full quote:

My aspiration for the country and I believe we can achieve it, is 4% growth as far as the eye can see. Which means we have to be a lot more productive, workforce participation has to rise from its all-time modern lows. It means that people need to work longer hours and, through their productivity, gain more income for their families. That's the only way we're going to get out of this rut that we're in.


Notice the comment about "workforce participation" being at "all-time modern lows"? That obviously is not about unemployment, which has been much lower in the recent past (ahem, like when another Bush was in office).

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