Tags: Steve Malzberg Show | Norquist | economy | unemployment | recovery

Grover Norquist: 'This Is the Lousiest Recovery Since 1960'

By    |   Friday, 03 October 2014 04:29 PM

Friday's encouraging job news still finds the United States in the doldrums as far as recoveries are concerned, according to Grover Norquist, president of Americans for Tax Reform.

"If you look at economic growth since the bottom of the recession, since we turned around, and compare it to all the recovery since 1960, we're about six million jobs under where we should be," Norquist said Friday to Rick Ungar and John Fund, guest hosts of "The Steve Malzberg Show" on Newsmax TV.

Story continues below video.


Note: Watch Newsmax TV now on DIRECTV Ch. 349 and DISH Ch. 223
Get Newsmax TV on your cable system – Click Here Now

"This is the lousiest recovery since 1960. If you compare it to [President Ronald] Reagan, we're about 12 million jobs under and Reagan had to deal with double digit inflation.

"It's good that we're not worse in terms of unemployment numbers. It's bad that people keep leaving the job market – meaning they've given up looking – so it's pretty bad. Compared to every other recovery it's awful and there are millions of people out of work."

On, Friday, the Labor Department announced that the U.S. added 248,000 jobs in September, compared with a forecast for a 215,000 increase in a Bloomberg News survey. The jobless rate fell to 5.9 percent from 6.1 percent.

Norquist admitted that the structure of the jobs being created in the current recovery have changed from previous recoveries.

"You do have the problem where some people have part-time as opposed to wanting full-time jobs," he said.

"But the biggest problem is the number of millions of jobs that people who aren't employed who would've been either in a normal recovery and the 10 plus million jobs with a Reagan style recovery.

"[President Barack] Obama took the wrong policies and we're paying a price. People are out of work."

Norquist weighed in on the neck-and-neck gubernatorial contest between Wisconsin Gov. Scott Walker and Democrat Mary Burke, the former state commerce secretary.

"The most recent poll has Walker up five, which is a growing lead. He's getting stronger," Norquist said.

© 2019 Newsmax. All rights reserved.

   
1Like our page
2Share
Newsmax-Tv
Friday's encouraging job news still finds the United States in the doldrums as far as recoveries are concerned, according to Grover Norquist, president of Americans for Tax Reform.
Norquist, economy, unemployment, recovery
355
2014-29-03
Friday, 03 October 2014 04:29 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved