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US Needs To Generate 254,000 Jobs A Month For 65 Months To Get To Pre-Depression Employment By End Of Obama Second Term
Every time we update the projection chart of how many jobs have to be created by the end of Obama's now improbable second term, the number goes up. First it was 245,500 in April, then 250,000 in June, now it is 254,000: it seems to increase by 5,000 each month. As a reminder this chart looks for the breakeven number that has be attained to restore (not surpass) the jobs that the US economy had back in December 2007 as the Depression started, when accounting for the natural increase of 90,000 people/month in the labor force. Needless to say, there is no way in hell the US economy can create a quarter million jobs per month from now for the next 65 months, as long as the president continues to pander to Wall Street's "wealth creation" via asset returns instead of directing capital into actual economically viable projects that focus on wealth creation through labor.
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And americans STILL cheer for this clown!
you're racist if you don't
And youre a certain moron if you do. I'll take the 'racist' label really I dont care.
as Nigel would say, what's wrong with being racey?
ask anthony weiner.
"America, love it or leave it."
That always shuts them up. Why waste time arguing when you can just use brain freezers. I can love my country and still hate the leadership.
"Are you one of them there conspiracy theorists?"
There's another brain freezer with a heaping helping of stupid mixed in for good measure.
Is that a donut or a bagel?
Either way he looks like a big ZERO!!
Huggy Bear would be a better President.
you racist! starskey and hutch were whiteys
Americans Work Less Than Four Hours Per Day, Survey Finds
Hatzius takes recession chances in 2012 up to 1 in 5.
http://www.fundmymutualfund.com/2011/07/video-goldmans-jan-hatzius-upgra...
Obama POW!!! What did you Expect? http://www.youtube.com/watch?v=Z1IuD6F3R5I
"US Needs To Generate 254,000 Jobs A Month"
No brainer, we can generate 250k stock traders a month
if Bernank will take care of the equity market, give anyone
loan with 0% interest rate and keep pumping stocks,
collect 30% tax + no unemployment headache. :))) *LOL*
Technology is here!!! F*ck jobs! :)
I wish it was as simple a problem as just switching Presidents. But it's not. And that's a reality that still most are unwilling to face.
+1000 caviar
All of jobs are overseas..... we need to start forcing higher import taxes and, at least, bring back the manufacturing that is related to the nation's consumption level. Frack NAFTA, Frack creating a global trading zone...... I know.....I know....it's too late and we're the ones that are fracked.
"Print, Baby, Print!"
Print our way out of this Long Depression.
Good point. A new president will not change anything unless that person does not care about a second term and does what is right for the country long term, not for the next election. There is no Thomas Jefferson out there. It is all about me.
Just protect yourself from what we know is going to happen.
And when does Congress take a pay cut since we cannot fire any of them? Million dollar expense account for Mr. Reid., Yup, he has done a lot for Nevada and America. What a waste that man is.
Over 60% drop in Las Vegas Real Estate, yet Nevada STILL returned Harry Reid to the Senate??? No one to blame but themselves...
Unfortunately, the 60% of working households who are living off the govt tit can vote (even the illegals in many states). So..............Obama, with great assistance from the corrupt propaganda MSM gets re-elected. The only candidate who "might" bring real change is Ron Pual; but he will die of a "sudden" heart attack if nominated.
Ron Paul is the only option in the circus
In case somebody mist: BIS Changed Silver Data (From $203 to $93 Billion in Silver Liabilities?)
6 July 2011, by Jason Hommel (Silver Stock Report)
http://silverstockreport.com/2011/BIS-DATA.html
Excerpt:
The Bank of International Settlements (BIS) has changed, or revised, their silver derivatives data in their derivatives reports.
The change took place between their June, 2010 report, and their December, 2010 report, for the period of June, 2009.
The change was from $203 billion in "other precious metals" liabilities, changed down to $93 billion.
The change took place, in Table 22A: Amounts outstanding of OTC equity-linked and commodity derivatives, By instrument and counterparty, in the category of "other precious metals", for June, 2009, Notional amounts outstanding.
In June, 2009, the silver price was about $15/oz: http://www.silverseek.com/quotes/5silver.php
This means that the $203 billion silver liability divided by $15/oz. shows that all the banks in the world that are tracked by the BIS owed 13.5 billion ounces of silver.
But the entire world silver mining production is only about 700 million oz. of silver annually, so this is an admission that the banks owed about 19.3 years worth of world annual mine production of silver.
The adjustment, from $203 billion, down to $93 billion was a drop of $110 billion, or more than half of the number!
The lower number, $93 billion, is still absurdly large, at about 6.2 billion oz. of silver, or about 8.8 years of worth of world annual mine production of silver.
The obviously large and very excessive amounts are the smoking gun of silver fraud by the western world's banks.
Funny the silver critics don't respond to evidence like this.
If we cut SS and gave that money to wall street that would end this damn depression!
Cue Grandpa crashing through the lobby of the JP Morgue in his Hover-Round™, shotgun blazing...
OT but WTF is with LNKD today...what a joke
The printing is over, no more QE. Certainly wont be in the form paper stock bubble junkies expect with Bernank handing out free Hefty bags of crack rocks. Its over folks, best wake up to that fact.
Bob Chapman – The Financial Survival 06 July 2011 http://www.youtube.com/watch?v=9XFeSL93uKs
A Major Move Up in Silver Expected says Bob Chapman: We gonna get a big upsite move here anywhere between 50% – 150%. An extended move before correction to $3000 in gold and $70- $100 in Silver!
There is one way to get 254,000 jobs a month for 65 months, World War III
If you think this is bad, just wait until Washington
cuts a Trillion or two $$ out of Federal spending.
Instant deep depression.
Govt. spending is somebody's income plus a multiplier.
Obama Scam: Obama and lawmakers are considering cutting Social Security and increasing revenue by changing the way the government measures inflation
are you under 30? because this is normal par for the course as the
Golfer in chief would no doubt opine if any truth remained.
That jobs chart looks like a gun. LOL
Wouldn't it be wise Bernankesan to put it to your head and pull the tricker.
Easily solved:
Step 1: Launch World War III
Step 2: Draft everybody between the ages of 18 and 30.
Step 3: Count them as "fully employed".
Problem solved, market rallies, everyone celebrates...except, of course, the poor shmucks that come home in a body bag...but hey... if that's what it takes to get to DOW 36K then that's what it takes.
Obama’s “Civilian National Security Force” – Vid
Just as strong... just as powerful!
It's Bush's fault! har har
In a way, yeah it was.
He could have taken steps to make sure that the idiot was never elected.
But, he listened and followed the same brain dead marxist advisors
as OBamao.
He can't duck no matter where he runs to.
He begat the Obama, I don't know of any other prez other than Nixon/ford that
the messiah could have followed.
The country had to have been driven MAD to elect a clown such as this.
Bush had 8 years to condition them, wonderful.
Bush FAIL FAIL. FAIL.
Obama FAIL.
Obviously the problem with QE1 and QE2 is that they were just not big enough. When QE3 is launched, that mistake will not be repeated...Benny, get a bigger hammer...yeah, the 16lb. sledge should work.
This Is Not A Double Dip
This is Not a Love Song
the title of this article is idiotic on its face because there is no way that socialist is elected again. in fact, i predict he loses by a landslide.
Think again. MSM backing him, the repubs putting up a Romney/Bachman ticket running on "austerity"? Not a chance. Southern Christians will vote for Obama before they vote for a Mormon, and everyone on food stamps, unemployment, and SS is not going to vote for anyone talking about austerity and cuts. Obama is a shoe-in.
No matter if the Republicons OR the Decepticrats win, the World loses!
It's the new normal.. get used to it, your days of excess are coming to an end swiftly. This will not change regardless of who you elect as pretender in chief.
Is the CPC printing more arable land in China, pray tell?
Im finding it hard to believe that 70% of treasury buying has disapeared and the yields have barely moved. Am I missing something?
No more QE2. No more flips back to Treasury. Chinese no want more apple pie. Rate increase coming besides.
I interact with local, state, and federal employees for my business. Many of them are retiring now, early, to start their retirement before the terms of the retirement plans change underneath them. They're still young & healthy and are now looking in the private sector in addition to drawing retirement.
You can't blame them, they signed-up under an agreed retirement plan, they want it to be honored.
The effect magnifies the problem in the job market. Government employment drops, but thanks to generous retirement plans government expenditures do not drop proportionally.
After the Great Implosion™, IRS agents better start wearing body armor, 'cause a tax revolt will follow!
The employment report data was inconsistent with an array of reports for the month of June
An "array"? Meaning Chicago and ISM (one being a subset of the other so really the same thing), retail sales (good due to summer discounting) and weekly jobless claims (which despite being above 400k are still considered to be a positive indicator).
Although we cannot dismiss this data out of hand, we continue to believe there is good reason to believe the second half of the year will be better than the first.
Love to hear those "good reasons".
The US could always revert to printing money by manually operated presses, given the gap between percieved wealth and actual physical dollars we could employ millions of people for decades.
Bah double post.
"The U.S. needs to generate 254,000 jobs a month"
That's a lot of McDonalds'.
Watch the YouTube video 'RIOTS ARE COMING TO AMERICA !!!'
http://www.youtube.com/watch?v=QypD1z7rcqg
Throughout history, society always had one job available for every citizen: kill their corrupt leaders.
No problem we just missed the 254,000 number by 236,000. Whats the big deal?? We can make that meager amount up next month, just ask the Obama/Biden Recovery team.
The problem is, the month after the jobs number, they usualy revise it to a correct number which is lower than reported.
Tyler,
What second term?