September 9, from “This Week”:
STEPHANOPOULOS: George, let’s talk about Paul Ryan first, I’m going to get to the conventions later, but you saw him jump right on that jobs report. Probably the best news Republicans had in a couple of weeks.
WILL: The two numbers he stressed deserve stressing again. 368,000 dropped out of the job market, which means that for every job created, four people quit looking for jobs.
This means that if the work force participation rate today were what it was in June 2009, when the recovery began, we would have an unemployment rate 11.2 percent. If you add in the involuntarily unemployed, you’re approaching 19 percent, which is why I should think from here on in, on the basis of these numbers, the Romney campaign slogan should be the title of Paul Krugman’s book which is, End This Depression Now, because these are depression level numbers. And if the Republican Party cannot win in this environment, it has to get out of politics and find another business.