Obama Must Create 230,000 Jobs A Month Until The End Of His Second Term For Return To Breakeven - Charting The New "7 Year Itch" Normal

Tyler Durden's picture

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Nonconformist's picture

Maybe one place to start would be to stop growing the labor pool by 100K a month.

-1Delta's picture

TYLER what about 43? it is worth charting

Moneygrove's picture

Want the jobs back ? start a war with china !!!!!!! zero unempolyment in usa !!!!!! that was easy !!!!!!!! would be fun to watch ua air force bombing american factories in china on cnn !!!! 

snowball777's picture

If you start a war with China, and they dump 2.5T in treasuries, can you afford to take out more loans when you're paying Greek yields, bitch?

If starting a war would improve things, why haven't the TWO theaters that are hot now helped?

Idiots like you deserve to lose your country.

Moneygrove's picture

you think usa is going to pay back all its debt ? lol lol !!!!!!!!!!!

tmosley's picture

So you're advocating 60th trimester abortions?

Nonconformist's picture

HaHa, No, just stop importing additional labor that we do not need.

thesapein's picture

Can we export ignorance, somehow?

Shrinking a population also shrinks the supply of jobs. Unless you're doing God's work, people work for people. People trade with people.

Hey, I have an idea. All of the unemployed and all the immigrants can get together and form new communities with shops and factories and farms and show the world why each person can be thought of as a part of the engine and not just a siphon. That would mean getting off the sofa and maybe putting the immigrants with the know how in leadership positions.

Suisse's picture

The only thing that shrinks the supply of jobs is technology, mainly computers. Obviously removing foreign aliens would not affect the supply of jobs, there appears to be a surplus of labor.

thesapein's picture

Next, you'll want to stop importing technology.

I would never say we have a surplus of labor. That would be like passing by a crowd who didn't know how to put Humpty Dumpty back together and saying, they had too many people standing around doing nothing.

Suisse's picture

If there is a surplus of corn, that means we are unable to sell it all.

If there is a surplus of labor, that means we have lots of unemployed people.

 

I think we have a surplus of labor.

tmosley's picture

Prices are fixed above the market price.  This is what happens when government controls labor and industry.

Rusty_Shackleford's picture

Bingo. 

 

"Stop fucking with prices!"  - ? Mises

 

thesapein's picture

Yeah, minimum wage was never a good idea.

Clycntct's picture

100% of 0 does not = minimum wage.

snowball777's picture

Neither was slavery.

Choose one.

thesapein's picture

Why not a maximum wage, instead?

thesapein's picture

Imagine a country where everyone wanted to be a car salesman. If most of the population only ever learned how to sell cars, what would we say about labor if sales started to fall and unemployment rose? Would we say that we had a surplus of labor? You would. I would tend to think that the problem was deeper and had more do with the type of skills available and not so much the amount. Worse, what if the cars needed maintenance while the mechanics were all overseas?

Getagrip's picture

This is insano talk. We don't do factories and real productivity stuff any more. Folks on indefinite unemployment/food stamps need to make $25 an hour just to break even.

johnnynaps's picture

hmmmmm, maybe if credit checks, background checks, job history, references, and drug tests ceased to exist would you have near full employment. But, I bet your little pea-sized brain never took those factors into consideration?!

Go ahead, cut the benefits, I dare you. Watch what happens when your daughter gets lifted by some loser then. It is by design that this country doesn't want full employment. You, are just going to have to deal with the sofa-sitters.

bigdumbnugly's picture

there are a lot of people just idly leaning on their brand new shovels...

aurum's picture

the one and only fix is no government or fed meddling...thats it...let free market forces take hold and things will be fixed. sure we will have pain for a while...allow those that are responsbile with capital allocation to win and those who were irresponsible lose. true capitalism. thats it...i am not saying tptb or the sheeple would go along with it...but its the only fix...that and asset backed currencies.

FEDbuster's picture

Somewhere over the rainbow Way up high, There's a land that I heard of Once in a lullaby.

Somewhere over the rainbow Skies are blue, And the dreams that you dare to dream Really do come true.

Someday I'll wish upon a star And wake up where the clouds are far Behind me. Where troubles melt like lemon drops Away above the chimney tops That's where you'll find me.

Somewhere over the rainbow Bluebirds fly. Birds fly over the rainbow. Why then, oh why can't I?

If happy little bluebirds fly Beyond the rainbow Why, oh why can't I?

umop episdn's picture

Just wait for the revisions on the job numbers, as the hole is even deeper than they are saying. (No surprise there.) Now, add in a nasty hurricane, or a big refinery accident, or just plain stupidity on the part of some of the big noise boyz... I am not happy about this!

thesapein's picture

I'm not so sure it's a "hole" because to me it looks like the continent sank a bit. Holes, dips, depressions, etc. all just seem to assume that the US will naturally float at some level above sea level, so this must just be temporary, as we will naturally be on top once again. I'm not so sure the US is immortal or the favorite of the gods.

101 years and counting's picture

are we talking real jobs or birth/death model jobs?  birth/death can create 5 million jobs in 3 months if the administration gets really aggressive in their modeling assumptions.

Hulk's picture

have to "improve" the birth-death model to get those numbers...

Hulk's picture

in the direction its a goin and pull the numbers out at the end of the year. No one will even notice...

Number 156's picture

Perhaps the current administration thinks they can fix unemployment by creating federal jobs?

breezer1's picture

it worked in zimbabwe, for a while. thats it , a federal government bubble. everyone could work for the government. we would pretend to work and they would...

Glasgow Gary's picture

Analysts have been discussing this exact trajectory for about a year now. The mainstream economists are not only dumb, but in some cases little more than craven pleasers. It's been clear since last Summer that getting back to normal was nigh impossible, once you pour population growth on top of the black hole in jobs we've fallen into.

 

GGG

mikla's picture

The mainstream economists are not only dumb, but in some cases little more than craven pleasers.

+1

Being charitable:  Economists are morons operating under a failed world view.

Not being charitable:  Economists are dishonest central planners that should be executed in the town square for the purposes of amusement.  (Their constant goat sacrifices creates suffering throughout society, and all would do better getting rid of them.)

Economists cannot do the math.  Yes, they really are that stupid, and no, math is NOT a part of their academic curriculum (which is merely religious indoctrination).

These charts are so simple, as is the math, as is the "confidence" even the layman can concluded regarding possible future "growth".  When you add the fact that the geometric debt service is expected to come from central planner assumptions regarding these future "jobs", it's quite simple to understand you can't get there from here.

The US won't make it to 2016.  Sovereign default, constitutional crisis, and re-organization of the US Federal Government (e.g., Argentina).

Relating to previous threads, yes, a few central planners know what they are doing (enriching their own power and control by crashing the world into a brick wall, with anticipation of their Kingship over the next system), but the majority are simply morons (think CNBC bobblehead).

thesapein's picture

what's with the focus on population growth?

thesapein's picture

It's a classic response in a declining economy. 

Nonconformist's picture

Thesapein, what's with your focus on promoting population growth?

kathy.chamberlin@gmail.com's picture

only way to pay off this debt. promote living.

thesapein's picture

Skeptics always seem like we're taking an opposing side. I'm not sure what I believe on this topic; however, I'm quite certain of the incorrectness in what others are saying. They seem to know not what they mean and, more importantly, why they're saying it.

CrockettAlmanac.com's picture

They seem to know not what they mean and, more importantly, why they're saying it.

Fear of "the other" I assume, which I counter with the old saw, "people are the same all over." There is a legitimate concern about immigration insofar as we live in an out-of-control welfare state and it seems that the folks in the middle have to carry the weight of everybody else.

But apart from that, I'd say:

http://www.youtube.com/watch?v=0p4drWtJ0Ug

thesapein's picture

Please, just try explaining that one to me in full detail and see if it still sounds like a legitimate concern afterward. Better yet, imagine explaining it to a family that just immigrated here. I'm seriously asking if anyone wants to jump in here.

CrockettAlmanac.com's picture

just try explaining that one to me in full detail

Too much effort. Maybe we can find a day laborer standing outside a Home Depot who will be willing to write that one up for you on the cheap.

thesapein's picture

Yeah, go back to your couch and, wait, don't forget your remote.

RichyRoo's picture

more people = more consumers, and lower wages, so its good from those points of view. Also having a fragmented labor market with ethnic division makes divide and conquor much easier. Also immigrants dont know their rights, so they are easier to take advantage of.

Of course, you have to ask yourself, if population is inherently 'good' then why are the countries they are leaving such shit holes?

thesapein's picture

You pull me in to agree, only to fabricate a question that was never implied by words. So, no, I don't have to ask that question because, well, it has at least one false premise.

kathy.chamberlin@gmail.com's picture

ricky ricky roo - your cool.

Also immigrants dont know their rights, so they are easier to take advantage of.

not just immigrants. i think whole of america doesn't know their rights. i am just now exploring mine. especially not aware in my previous life.

WOWz WOWz.

tony bonn's picture

i would rather that obama produce an american birth certificate rather than 230,000 fake jobs which any birth/death monkey could produce....

www.obamacrimes.com

 

Votewithabullet's picture

The republican governor of hawaii said she sent the states chief medical fuck to personally verify the birth certificate and THE REPUBLICAN GOVERNOR said the president was born in ooh ss aay. Racists, I love em, If you got nothing nice to say about anyone come sit by me. Dont you have any legitimate concerns to attack this negro with other than building 7 BS....unless you are actually a demoncrat attempting to make your opposition look insane? Oh your good real good.