Rick Santelli on people leaving workforce: What are we, a banana republic?

First, here’s the lowdown on the unemployment data from Jim Pethokoukis (and a few others):

Regarding the people that keep leaving the workforce, Santelli says the cost of supporting them continues to grow and that we can’t keep hiding them forever:

And you can’t play this three card monte game for long. And to see the stock market rally on crappy data to me is just a horrible dynamic. What are we, a banana republic?

Watch the whole clip:

(h/t: TWS)

Comment Policy: Please read our comment policy before making a comment. In short, please be respectful of others and do not engage in personal attacks. Otherwise we will revoke your comment privileges.