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Job Creation Under Barack Obama: Less Than Meets The Eye?

Tyler Durden's picture


In the aftermath of yesterday's better than expected jobs number there have been many analyses in the media on both sides of the aisle, either attacking or defending Obama's track record in creating jobs. All have come up with arguments which according to their authors, are solid and defensible. There is one analysis, however, which is missing, and that is a follow up of what we showed yesterday in "Chart Of The Day: America's Geriatric Work F(a)rce."  In it we demonstrated the very much "under the radar" schism of America's workforce since the NBER-defined official end of the recession in June 2009 into the "haves", or those above 55, who have been able to get a job since the end of the recession, and the "have nots", or all those in the labor force who have not been able to find a job. So how does this data look when extended to the beginning of Obama's term, or the 46 full months starting with his inauguration in January 2009, and continuing through the latest, October 2012 data point. The chart is presented below; you decide.

And for those wanting a more granular breakdown, here it is by all the age categories tracked by the BLS.

In summary: while those in the 55-69 age group have gained nearly 4 million jobs under President Obama, everyone else has lost just over 2.5 million.

In other words, those aged 55 and over should be scrambling for "4 more years." Everyone esle... perhaps not so much.


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Sat, 11/03/2012 - 19:46 | 2945209 guinea
guinea's picture

And yet young people continue to flock to Obama.  Must be those words from his loins.

Sat, 11/03/2012 - 19:57 | 2945246 Manthong
Manthong's picture

It’s all about selling hope to the sheep and those schmucks will tout it even in increasing joblessness:

Sat, 11/03/2012 - 20:29 | 2945329 icanhasbailout
icanhasbailout's picture

Yeah and I doubt many of those 55+ who got new jobs are liking minimum wage much, and they can't be too pleased at the ZIRP that forces them back into the workforce either.

Sat, 11/03/2012 - 21:07 | 2945389 macholatte
macholatte's picture



Jim Cramer: Obama Is Going To Obliterate Romney In A Historic Landslide

Sat, 11/03/2012 - 21:13 | 2945398 no taste
no taste's picture

There are only five charts that an American needs to consider before deciding who should be president.

Sat, 11/03/2012 - 22:18 | 2945503 markmotive
markmotive's picture

Only chart you need to look at is Employment-to-Population ratio.

Sat, 11/03/2012 - 22:25 | 2945521 Muppet of the U...
Muppet of the Universe's picture

BEAR FLAG! even without lookngat it!

Sat, 11/03/2012 - 22:46 | 2945547 AldousHuxley
AldousHuxley's picture

ann romney doesn't care since she never needed to get a job!



Sun, 11/04/2012 - 00:11 | 2945647 Shocker
Shocker's picture

Very interesting charts, who knows anymore. The job situation is a mess



Sun, 11/04/2012 - 08:24 | 2945865 GetZeeGold
GetZeeGold's picture



ann romney doesn't care since she never needed to get a job!


Ann Romney has multiple sclerosis....what's your excuse?

Sun, 11/04/2012 - 11:33 | 2946007 Tijuana Donkey Show
Tijuana Donkey Show's picture

Agreed, but she can campaign full time, and horseback ride? What about some charity work?

Sun, 11/04/2012 - 09:43 | 2945911 Tucson Tom
Tucson Tom's picture

I hope your wife,if you have one,is an absolute bitch,`cause you deserve a loser like you! What a tragic and thoughtless thing to say.

Sun, 11/04/2012 - 15:46 | 2946568 Ident 7777 economy
Ident 7777 economy's picture

Very often those SOBs get the BITchs they deserve ...

Sun, 11/04/2012 - 05:20 | 2945810 TPTB_r_TBTF
TPTB_r_TBTF's picture

During the 50s, 60s and 70s the rate fluctuated between 55% - 58%.  Then there was an employment bubble, and we are now approaching the old normal again => 58%.

Reversion to mean.

Sun, 11/04/2012 - 07:49 | 2945853 boogerbently
boogerbently's picture

I clicked on this link from Aug.

Funny reading this story and the comments compared to what we now know as the facts.

Headline should have been "Cops shoot up town!"

Sat, 11/03/2012 - 23:31 | 2945606 centerline
centerline's picture

I'd love to hear from the dipshit who down voted this one.

Sun, 11/04/2012 - 00:51 | 2945669 Mr Pink
Mr Pink's picture

How many times are you gonna post those stupid fuckin charts, asshole?


Sat, 11/03/2012 - 21:14 | 2945399 Oldwood
Oldwood's picture

What I'm trying to understand is how Obama wins when I don't know of a single person who is going to vote for him that didn't last time but I hear plenty who did vote for him in 08 that have either gone to Romney to setting it out. Polls aside, how does that work?

Sat, 11/03/2012 - 21:37 | 2945435 Almost Solvent
Almost Solvent's picture

I don't know of a single person who is going to vote for him.


You obviously don't know of a single person who has an obamaphone. 


Sat, 11/03/2012 - 22:27 | 2945522 Muppet of the U...
Muppet of the Universe's picture

you overestimate others.  Half the people with any fucking brains don't realize the other half is retarded.  You should have tried to kill the dumb ones while you still could.

Sat, 11/03/2012 - 22:43 | 2945545 macholatte
macholatte's picture


whoever has the best hackers will win !!!!!

It only takes $26 to hack a voting machine

Sat, 11/03/2012 - 22:47 | 2945550 AldousHuxley
AldousHuxley's picture

popular vote doesn't count


electoral college decides


commoners go back to boobtube for further consumption.

Sat, 11/03/2012 - 23:07 | 2945578 nmewn
nmewn's picture

"electoral college decides"

As it should be.

Whats the problem? Are you saying the higher population states should have a disproportionate influence on minority states interests?

Maybe it would be better if popular votes elected FEDERAL SENATORS instead the actual state governments themselves elected them to represent the STATE...oh, wait...thats been fucked up by populist dipshits too!!!

The levels of stupidity has been plumbed to new depths.

Sat, 11/03/2012 - 23:29 | 2945602 centerline
centerline's picture

Thunderdome. Two men enter...

Sat, 11/03/2012 - 23:35 | 2945610 Michaelwiseguy
Michaelwiseguy's picture

I always vote against every sitting congress critter and president up for reelection except this time. I'm still voting against every sitting congress critter, but I live in Florida as a registered Republican and a Ron Paul supporter, I'm voting for Obama for president in revenge for what the GOP did to me and the Ron Paul crew.

Besides, the Progressers are mathematically challenged and need to re-learn their math lessons, when the complete and total economic collapse of the USA happens, that is a 100% mathematical certainty, on Obama.

Sun, 11/04/2012 - 04:24 | 2945785 Bay of Pigs
Bay of Pigs's picture

Thats awesome. Peace bro...

Sun, 11/04/2012 - 10:28 | 2945873 GetZeeGold
GetZeeGold's picture



I'm voting for Obama for president in revenge for what the GOP did to me and the Ron Paul crew.


Turn us into the USSR.....that'll show those rat bastards.


If the cat really wants to die give him a gun and a single bullet.....hope no one else gets hurt.

Sun, 11/04/2012 - 11:38 | 2946013 Mr. Fix
Mr. Fix's picture

I'm voting for the hell of it.
it does not matter any more.

Sun, 11/04/2012 - 11:41 | 2946017 Mr. Fix
Mr. Fix's picture

Now I'm posting just to see how skinny a post can get!

Sun, 11/04/2012 - 11:46 | 2946023 Mr. Fix
Mr. Fix's picture

Is there any limit to the pointlessness of this discussion?

Sun, 11/04/2012 - 11:55 | 2946036 Mr. Fix
Mr. Fix's picture

Apparently, there is no limit to the stupidity of thid debate.

I am just thankfull that this part of America's decline will be behind us after Tuesday.
That's when the hopelessness will begin to set in.

Sun, 11/04/2012 - 11:58 | 2946042 Mr. Fix
Mr. Fix's picture

"If voting could really make a difference,

It would be illegal.

Sun, 11/04/2012 - 10:29 | 2945943 socalbeach
socalbeach's picture

That makes sense for a state like FL that's close, but not in CA where Obama is going to win. I'm better off voting 3rd party as a protest vote, doing my share to make sure Obama receives < 50% of the popular vote.  That said, if I was convinced Romney would be better for the country than Obama, I'd vote for him.  Problem is that's not at all clear.  Sure Romney couldn't be any worse than Obama in domestic policy, but what about foreign policy?  He'd probably be worse in that regard.

Anyway Obama is probably going to win.  This guy is pretty sharp:

"... most of the arguments that the polls are necessarily biased against Mr. Romney reflect little more than wishful thinking.

Nevertheless, these arguments are potentially more intellectually coherent than the ones that propose that the leader in the race is “too close to call.” It isn’t. If the state polls are right, then Mr. Obama will win the Electoral College. If you can’t acknowledge that after a day when Mr. Obama leads 19 out of 20 swing-state polls, then you should abandon the pretense that your goal is to inform rather than entertain the public.

But the state polls may not be right. They could be biased. Based on the historical reliability of polls, we put the chance that they will be biased enough to elect Mr. Romney at 16 percent."


Sun, 11/04/2012 - 11:16 | 2945987 WakeUpPeeeeeople
WakeUpPeeeeeople's picture

Those looking for a protest candidate may I suggest Mr Hyman. For the past several years Buster has been getting my vote whenever I am able to write in a candidate's name. However, I've noticed that most elections in my neck of the woods don't allow a write-in. Must be a democracy/free elections thing.

Sun, 11/04/2012 - 10:44 | 2945956 Gully Foyle
Gully Foyle's picture


Sounds like a Gay porno " two men enter...each other".

Sun, 11/04/2012 - 03:36 | 2945768 Fizzywig
Fizzywig's picture

"electoral college decides"

As it should be.


The American election system is a complete failure.  The electoral college is fraught with error.  Our system is set up to always result in a two-party system.  It even fails to address issues in humanity that the worst always rise to the top; F.A. Hayek was right.

If we want things to change, the election system must be step if we can only convince people that governments are a horrible idea.

I always chuckle when I hear people say that humans are more evolved now.  Human nature doesn't change; only the technology and innovation. 

“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.”  -Aldous Huxley


Sun, 11/04/2012 - 04:20 | 2945783 boogerbently
boogerbently's picture

The change needed, is the electoral college votes from each state NEED to be split accoring to the popular vote of that state. No "all or nothing."

Sun, 11/04/2012 - 09:44 | 2945912 nmewn
nmewn's picture


The individual state legislatures fix the process (by law) how the electors are counted. Those people are elected by the people of those states. If they wish for it to be winner take all it is within their right as independent states. If they wish to divy the electors up according to popular vote (like Nebraska & Maine) that is their right too.

Its not a federal issue, its a state issue.

Or are you in favor of more dictates from a central authority in how that authority is created? They have already screwed up the election of federal senators by popular vote, now we want to allow central technocrats to screw around with a states electors?

No one is representing the STATE GOVERNMENTS interests now. That was supposed to be done by federal senators. This is how you wind up with threats and intimidation (by the Feds, by the President/Executive really) to withold federal highway funds (and the like) unless a state does dictated by the central authorities.


Sun, 11/04/2012 - 14:44 | 2946437 Real Estate Geek
Real Estate Geek's picture

+1  Keep up the good fight, bro.  The 17th Amendment should be repealed.

Sun, 11/04/2012 - 03:00 | 2945757 A Nanny Moose
A Nanny Moose's picture

By channeling Stalin on voting.

Sun, 11/04/2012 - 08:47 | 2945878 GetZeeGold
GetZeeGold's picture



Bring on communism.......only 40 years to the revolution. The sooner we get on it the better.

Sun, 11/04/2012 - 10:48 | 2945961 TeamDepends
TeamDepends's picture


Sat, 11/03/2012 - 21:23 | 2945412 nmewn
nmewn's picture

lol...thank you Jim Krammer...its in the bag now...short O'Barry.

Sat, 11/03/2012 - 21:24 | 2945414 philipat
philipat's picture

Knowing that Cramer seldom gets anything right................................

Sun, 11/04/2012 - 01:01 | 2945678 CaptainObvious
CaptainObvious's picture

I've been tracking Cramer's investment recommendations for years, and if his voting advice is as wrong as his investment advice, then Obama will not only not win the election, he will be covered in glue, dipped in crepe paper, and hung from his nuts as a pinata at my kid's tenth birthday party.

Sun, 11/04/2012 - 01:17 | 2945695 Cole Younger
Cole Younger's picture

Alway short cramer's advice...

Sun, 11/04/2012 - 08:43 | 2945876 GetZeeGold
GetZeeGold's picture



Goes without saying really.....but we should probably mention it.

Sat, 11/03/2012 - 22:01 | 2945474 Breaker
Breaker's picture

I wonder how much this correlates to government jobs? Are they more likely to have gone, in the last four years, to 55+? That's where the action has been in the job market.

Mon, 11/05/2012 - 01:09 | 2947864 dbomb12
dbomb12's picture

Especially as part time walmart cashiers, grocery baggers and greeters

Sat, 11/03/2012 - 20:10 | 2945278 Unprepared
Unprepared's picture

"In other words, those aged 55 and over should be scrambling for "4 more years." Everyone esle... perhaps not so much."


Or maybe it's the other way around; those who are dependent on social programs (and social media) should be scrambling for "4 more years." Everyone else, perhaps not so much.

Sat, 11/03/2012 - 22:34 | 2945533 max2205
max2205's picture

Looks like all groups are kicking UP from last oct 2011. Nice trend for obamerama. 4 moar years. Most part time I am sure

Sat, 11/03/2012 - 20:10 | 2945279 Ray1968
Ray1968's picture

Many of the young people I know just want the free handouts. They really think they are entitled to security and fear being on their own without the parental (aka government) safety net.

That itself makes for loyal Obama/Democrat voters.

Sun, 11/04/2012 - 01:20 | 2945698 Cole Younger
Cole Younger's picture is easier to get hand outs than to learn honest work ethics...

Sun, 11/04/2012 - 09:06 | 2945884 GetZeeGold
GetZeeGold's picture



Hey....I worked hard for my Obama phone and free food. It took me an hour trying to figure out how to turn on the computer to sign up for it.

Sun, 11/04/2012 - 09:26 | 2945885 GetZeeGold
GetZeeGold's picture



Double post....see....I really don't know what I'm even really doing here.

Sun, 11/04/2012 - 13:33 | 2946255 roadhazard
roadhazard's picture

LOL. what a great post from Cole Younger, the robber.

Sat, 11/03/2012 - 20:13 | 2945286 surf0766
surf0766's picture

Word just words. Yea all communist words.

Sat, 11/03/2012 - 20:20 | 2945306 Silver Bug
Silver Bug's picture

The uninformed and zombies contiue to support him. Not that voting for Romney will be any better. Ron Paul was the true choice.

Sun, 11/04/2012 - 04:23 | 2945784 boogerbently
boogerbently's picture

Ron Paul is STILL a true choice.

Sun, 11/04/2012 - 10:29 | 2945886 GetZeeGold
GetZeeGold's picture



According to the Constitution Bush could serve another 2 years.....we could just plug him in and take a vacation.....he's got the experience and we could just put everything off for a while so we don't have to deal with it now.

Sun, 11/04/2012 - 10:47 | 2945958 Gully Foyle
Gully Foyle's picture


Fuck man Both Bushs and Clinton could serve extra two years and no one could tell the difference in ongoing policy.

That's six years before anyone needs to decide anything.

Sun, 11/04/2012 - 07:28 | 2945844 Ayn NY
Ayn NY's picture

If their parents don't have jobs where are they going to live when they graduate college with their French lit degree?

Sun, 11/04/2012 - 10:33 | 2945946 cjbosk
cjbosk's picture

Tyler(s), would love to see the chart of how many jobs were added in Gooberment since Obozo took office...Bet it would be hockey stick up and right, particularly if it's in the EPA, IRS, Energy Department and any thing else that has something to do with regulation of business et. al.

Sun, 11/04/2012 - 12:40 | 2946129 WarriorClass
WarriorClass's picture

THE most important single issue facing the U.S. is its post-1965 immigration disaster, both legal and illegal. The bipartisan Permanent Government is literally Electing A New People. Among other problems caused by this utterly selfish and irresponsible policy—immiseration of the working class, cultural dispossession, linguistic balkanization, increased crime, overpopulation, etc. —there is the amazing fact that within 30 years, the U.S. will be majority non-white. The U.S., as it has been known to history, will simply cease to exist within the lives of children now born (including my own).

Overall, the Obama years have been disastrous for native-born workers. The deterioration in native-born employment in both absolute terms and, more dramatically, relative to foreign-born employment, is highlighted in the New American Worker Displacement Index (NVDAWDI):

From January 2009 to October 2012:

Foreign-born employment rose 1.635 million, or by 7.6%

Native-born employment fell by 0.472 million, or by 0.4%

Since Obama took office native-born job losses are nearly one-third the immigrant job gains. Put differently, during the Obama era one native-born worker has been displaced per every three foreign-born workers added to the U.S. workforce.

Sun, 11/04/2012 - 15:07 | 2946469 JR
JR's picture

I have never heard it put better, WarriorClass.

What kind of country is it that almost completely ignores an invasion so obvious, so destructive and so momentous that its very life will be extinguished before its very eyes?

Racist? Xenophobic? Radically nationalistic? No.

It is a country that has been occupied by an alien despotic central control (the international banking cartel), an alien media and an alien population. And you have exactly penpointed the modus operandi for this deliberate destruction of American culture - the 1965 immigration law.

Sun, 11/04/2012 - 13:47 | 2946286 FreedomGuy
FreedomGuy's picture

There is less than meets the eye in Obama. He is an empty suit counting on the votes of empty heads who believe his empty promises.

Sun, 11/04/2012 - 15:42 | 2946559 lasvegaspersona
lasvegaspersona's picture

Here in Las Vegas the Dems are making sure every 'American', citizen or no, gets to vote at least once. Here we read how the unions get non-citizens the 'right' to vote...and make DAMN sure they do vote or get sent back to Guatemala.

Sun, 11/04/2012 - 20:55 | 2947252 DosZap
DosZap's picture

while those in the 55-69 age group have gained nearly 4 million jobs under President Obama, everyone else has lost just over 2.5 million.


Uh Huh, because they took the shit jobs, or were put on Contract labor jobs, or were too valuable in their field to replace.

Next time your in a BIG chain, check out the greeters,and the $10.00 an hour and under jobs.

PLUS, stats recently released stated 75% of ALL jobs (new jobs, under Odumma) went to Immigrants, and/or Illegals.

Sat, 11/03/2012 - 19:39 | 2945214 HelioCentric
HelioCentric's picture

ironically most elderly voters are romney supporters, and most young voters are obama cultists

Sat, 11/03/2012 - 20:07 | 2945272 DosZap
DosZap's picture

ironically most elderly voters are romney supporters, and most young voters are obama cultists

Not so much THIS time, many College Grads, and HS students unable to find ANY jobs the last 4yrs, have become disenfranchised with his Loins.

Even Biden had this stunning gaffe,likely meant it.( Dementia is a biatch, as is hoof in mouth disease...LOL)

Over the last four years as Obama's VP, I can truly say not once have I been proud of him!. ( loosely paraphrased)

Sat, 11/03/2012 - 22:38 | 2945539 max2205
max2205's picture

Better save up for the insurance Obama tax coming. Part timers are fucked. If your on snap, no need to worry about that

Next year div taxed at 43%. Can't wait for those stocks to crash in Dec

Sat, 11/03/2012 - 20:22 | 2945303 knukles
knukles's picture

Ah, not so blanket a reality.
We've two "grown" kids, one finishing college after 4 years off so he's a bit older than his peers and another now working after graduating for 2 years.
Many of their peers (not political junkie cohorts) were/are RP supporters.  The block younger people overwhelmingly Obey fans is not as it was in 2008.
Not suggesting that it's probably still a majority, but sure not that "big" overwhelming as was before...
And we're in the Great UberLiberal People's Democratic Republic of California... nearer the shore, so the liberal part...

And PS.  A lot of my liberal friends are not a jumpin' up and down this time around.....  The fire is gone and expectations are nowhere near as high as before.

Sat, 11/03/2012 - 20:57 | 2945366 New_Meat
Sat, 11/03/2012 - 21:09 | 2945391 rhinoblitzing
rhinoblitzing's picture

A vote for Ron Paul is a Vote for Obama...

Just like Ross Perot got Billy Boy in. It did not take much to tip the scale.

Sat, 11/03/2012 - 21:35 | 2945433 kito
kito's picture

Rhino.....Please stop perpetuating your partisan bullshit. no ron paul voter has any respect for twit romney. I'm so tired of shills trying to keep voters trapped inside the two party system by scaring them about the"other guy"....neither romney or obama bring any change to a broken system. A vote for ron paul is a vote for ron paul......

Sat, 11/03/2012 - 21:40 | 2945438 Almost Solvent
Almost Solvent's picture


Libtards still hate on Ralph Nader for "costing" Gore the 2000 election.

Sat, 11/03/2012 - 22:05 | 2945481 rhinoblitzing
rhinoblitzing's picture

I knew I would get junked for saying something - other than positive - about Ron Paul.

I just wanted to see which one of you would bite 1st! And what kind of handle is Kito anyway!

Let me pull on the hook - You guys are the Ultimate Shills! Even Dennis Miller stated on hos radio show during the primaries that you Ron Paul supporters are "Rabid Distractions"  - Go Ahead Make my Day!

Bring on the Down Arrowz - Bitchez! lol....



Sat, 11/03/2012 - 23:40 | 2945617 kito
kito's picture

i didnt know rhinos learn something new everyday.......i really hope romney wins, so partisan puppets such as yourself will finally see that romney will continue on exactly where obama left off......................big govt spend spend spend spend spend......big govt control control control.............

Sun, 11/04/2012 - 00:59 | 2945676 Mr Pink
Mr Pink's picture

Dennis Miller is a brainwashed, old, repub loving hack. He uses big words so retards like you listen to his shill ramblings 

Sun, 11/04/2012 - 01:02 | 2945681 socalbeach
socalbeach's picture

Your statement,

"A vote for Ron Paul is a Vote for Obama"

doesn't say anything about Ron Paul, positive or negative, and it's nonsense to boot.

Sat, 11/03/2012 - 22:08 | 2945485 Oldwood
Oldwood's picture

you can believe as you wish. Maybe i'm a bit desperate but in a plane headed for the ground I'm open to the idea of actually changing out the pilot for someone who has actually flown a plane before rather than "sticking with the horse I'm on" or wishing for Sullenberger who ain't on the plane.

Sun, 11/04/2012 - 11:45 | 2946021 JR
JR's picture

I was and am an extremely strong Ron Paul supporter. And it is my opinion that America's incredible wave of Third World immigration means that if Obama is reelected the chance for a candidate such as Ron Paul or even a moderate Republican will be practically zero four years from now.

The reason? Just look at the emphasis on early voting especially for Hispanic voters and the work that the Obama campaign has been continuing for four years in Ohio. The Democrat ground game and the emphasis all over the country in getting out black and Hispanic voters early on, several days before the General Election, is the primary strategy that candidates such as Obama have.

After an Obama victory Tuesday fast forward through four years of developing this widening base of Hispanic voters and you will have a national electorate that resembles present-day California. IOW, it won’t make any difference who the Republicans nominate for president; the election goes to Hillary Clinton.

Remember, that California with its powerful agricultural and business base historically was dependably Republican. No longer. It is now and will be Democrat.

As 2011 Cal Facts reveal, between 2000 and 2008 “white Californians have declined from 47 percent of the population to 41 percent.”  Already, 72 percent of California students are of color, says the Center for American Progress. Already, four American states are designated majority-minority as of 2010: Hawaii, California, New Mexico and Texas. Already, Obama is suing Arizona in a continued government effort to dispossess the American majority and expand the Obama culture by blocking the state from enacting its immigration laws.

Sun, 11/04/2012 - 14:53 | 2946455 Winston Churchill
Winston Churchill's picture

There is only one reason to elect the Republucan ,lying scumbag,bankers tool;

He may be able to hold this shitheap together another 2 years so me, and others, are

fully prepared before the  SHTF.

The Democratic,lying scumbag,bankers tool,will not get us thru' next year without the SHTF,


What a choice.

Sat, 11/03/2012 - 22:42 | 2945543 A Dollar Short
A Dollar Short's picture

Tell me bout it, I'm north Bay area and my 2 daughters in their 20's now understand.  No bama, this time. 



Sat, 11/03/2012 - 19:43 | 2945224 tony bonn
tony bonn's picture

and what jobs anyone is getting - at least those below age 55 - are not good jobs and usually not full time....thanks to trillion dollar deficits as far as the eye can see, the negative mpd will guarantee evens shittier jobs in the future....and what little they pay will go straight to pay federal debt interest payments to the fed and to bankster bonuses....are you feeling fucked yet?

Sat, 11/03/2012 - 20:13 | 2945287 stocktivity
stocktivity's picture

You got it Tony. It's not like these jobs are being created just for older folks. Those below 55 don't want those part time jobs with no benefits. The older folks take them because they don't necessarily want a full time job. How many full time jobs with health care and other benefits are added each month? Those are the kind of jobs the younger people need and are looking for. Geez....doesn't seem that difficult to understand.

Sat, 11/03/2012 - 20:28 | 2945325 knukles
knukles's picture

Just as an aside...  there are plenty jobs available in CA produce farmlands picking lettuce, strawberries, etc.
No legal citizenry will take those jobs.
Matters not black, white, Asian, whatever...
In fact, in the Great Social Workers Paradise of CA, for a period of time in order to draw dole, you're supposed to go out and look for a job....  The authorities do not even suggest that folks do back breakin' farm produce picking...

Sun, 11/04/2012 - 01:09 | 2945689 CaptainObvious
CaptainObvious's picture

"there are plenty jobs available in CA produce farmlands picking lettuce, strawberries, etc.
No legal citizenry will take those jobs."

No legal citizenry will take those jobs, because how the fuck can you afford to live in Kommiefornia on that salary unless you live like illegal citizenry?

Sun, 11/04/2012 - 09:47 | 2945915 bonderøven-farm ass
bonderøven-farm ass's picture

Drop the AG subsidies and force obese, couch-ridden Americans to pay a fair market price for their over-consumption of produce & 'laboratory cooked food-stuffs'.  Small farms could actually compete against government sponsored Big AG; compensory wages can afford to be paid and a respect for manual labor (as well as a respect for an 'earned' living standard) can be re-instilled into a whiny ass, ill-educated, entitlement expectant, 'reserve currency' dependent nation. We've lost our our way, we've turned our backs on our roots.  Folks always expecting more for less....rude awakening right around the corner methinks.

Sat, 11/03/2012 - 22:53 | 2945558 A Dollar Short
A Dollar Short's picture

Over 55 will take anything to survive, right now. That is what is going on. They are qualified and show up for work without complaint.

Sat, 11/03/2012 - 20:23 | 2945317 DosZap
DosZap's picture

 Ck out CIGA Shellys comments...........totally sums it all up.

Sat, 11/03/2012 - 19:45 | 2945227 LetThemEatRand
LetThemEatRand's picture

China has many jobs, if you don't mind bunking with a few dozen other "employees."   Emulating their system seems to be the goal of both the Red and Blue Team.

Sat, 11/03/2012 - 19:56 | 2945245 Jack Burton
Jack Burton's picture

I think you have hit the nail on the head LetThemEatRand. I have said for a number of years now that the US elites and the neoliberal establishment in banking and wall street see China as the best economic model in the world to emulate. Their goal is to make America a model of Chinese capitalism. Government will be a one party state, under the cover of a supposed democrat republican two party system to give people a political circus to engage in, knowing full well both parties are noliberal, necon and determined to uphold the 1/10 of 1%'s  hold on power.

Thus we see the patriot act as the law of the land, giving the one party state unlimted power of supression and outright stalinism when needed. Meanwhile the government will champion Chinese style economic tranformation.


Sat, 11/03/2012 - 20:05 | 2945266 LetThemEatRand
LetThemEatRand's picture

Following your point but somewhat on a tangent, I went to a street party earlier this evening in my 'burb outside of Tampa.  Everywhere I looked there were uniformed, armed police (usually in groups of 2 or 3).  I felt like I was in a prison yard.  I recall enjoying similar events 20 years ago where the police came only when called.  I got the distinct impression that it bothered no one else.  Sad.

Sat, 11/03/2012 - 20:29 | 2945328 Zer0head
Zer0head's picture

Not only does it likely not bother them, horror of horrors many welcome it. 

Try talking to a twenty something about privacy on the internet, they look at you like you're from a different effing planet. iPhone loaded with apps tracking their every move, almost their every thought and they don't care and don't understand. 

I am not sure where or when this all started but I think there is a direct link to entitled bubble wrapped environment their retarded parents raised them in.  Mini van to school, mini van after school and then to what ever 5 days per week and weekends.  A generation of entitled drones tethered to big brother

Sat, 11/03/2012 - 21:09 | 2945393 New_Meat
New_Meat's picture


" entitled bubble wrapped environment their retarded parents raised them in. "

Couldn't scrape their knees or palms in the schoolyard, couldn't get punched out and go to CYO boxing and "square up the situation" later,   Then become friends and have some honor under the law.

"... tethered to big brother."

Actually, it is Big Sis these days, don't cha know.

- Ned

Sat, 11/03/2012 - 23:41 | 2945618 centerline
centerline's picture

My oldest child is in marching band in high school.  A recent game I went to (big schools by the way) had more police presence than I have seen anywhere else.  Police on horses.  Police in cars.  Police on foot.  All in pairs or more.  With the chain link fences everywhere - big crowds of rough looking sweaty people (Florida as well) - smoke in the background from open grills at food area - it looked like something out of a different world.  Sent a shiver down my spine for a moment.  Not a fun feeling.

Sun, 11/04/2012 - 12:51 | 2946097 Precious
Precious's picture

So why do you participate?  

Maybe you should rethink your priorities and guide your children to things that will actually help them for their entire life.

Sun, 11/04/2012 - 07:30 | 2945833 TWSceptic
TWSceptic's picture

I hope you now realize the dangers of big government and hopefully never defend it again. People like Ayn Rand knew it would happen, but individuals like yourself ignored her warnings and let evil prevail.

Sat, 11/03/2012 - 20:16 | 2945296 surf0766
surf0766's picture

WFT is "Chinese capitalism"  . It is a communist country. All the numbers are fixed.

Sat, 11/03/2012 - 20:29 | 2945327 knukles
knukles's picture

'Bout the same thong as American Capitalism, numbers fixen and all..

Sat, 11/03/2012 - 23:45 | 2945623 centerline
centerline's picture

Sort of like "jumbo shrimp" or "liquid gas" or "deafening silence" etc.

Sun, 11/04/2012 - 00:35 | 2945660 dexter_morgan
dexter_morgan's picture

LOL, unlike ours.

Sun, 11/04/2012 - 00:40 | 2945662 dexter_morgan
dexter_morgan's picture


Sun, 11/04/2012 - 09:00 | 2945881 crusty curmudgeon
crusty curmudgeon's picture

LetThemEatRand is absolutely correct.  "Chinese capitalism" is the perfect system from the standpoint of our rulers, er, representatives.

Just enough capitalism to let the sheep think they are relatively free to pursue their livelihood and increase their productivity but enough of a whip to keep them in line. The Chinese rulers were smart enough to figure out that if they let the boot off the sheeps' necks just a tad, they can increase their power and wealth.  Keeping everyone in a gulag or bread line is a long term losing strategy.

It's coming to a developed country near you...unless the sheep wake up.  But given the number of sheep who think it matters whether R or O gets elected, my money isn't on "waking up" in time.

Sat, 11/03/2012 - 20:00 | 2945258 I am Jobe
I am Jobe's picture

Nah Amerikans will never work at Foxconn however the would like to have their Iphones and IPADS.

Sat, 11/03/2012 - 22:02 | 2945478 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Eventually, Americans will be forced to work in sweat shops for their Obamaphone, or dare I say, their SNAP benefits.

Sat, 11/03/2012 - 21:49 | 2945453 Oldwood
Oldwood's picture

If you can't find a job that pays what you think you are worth, what will you do? Ultimately take a low pay job or say hell no! Just sign up for some type of government benefits? How long you think that is going to last? I don't see how we don't compete. Its either that or starve. Obviously we are not going to go protectionist. That word is verboten as the n word.

Sat, 11/03/2012 - 19:59 | 2945255 I am Jobe
I am Jobe's picture

Might as well tell them that they are led to take showers and fire up the chambers. Hitler was kind.

Sat, 11/03/2012 - 20:25 | 2945319 plaspotje
plaspotje's picture

and kind he was, just imagion 5.000.000 more of them, with their ofspring on wallstreet and the financial sector.

and for some light reading   check out  wallstreet and the bolshevik revolution by anthony c. sutter

and web block by   mark weber   the jewish role in the bolshevik revolution and the russia's early soviet regime. 

Sat, 11/03/2012 - 20:09 | 2945261 Jack Burton
Jack Burton's picture

The job creation under president Bush was less than one might expect from a more free market oriented President and one who was successful in giving tax relief to Americans across the board. At the time, his supporters claimed the new tax relief would be a job creator, but statistics failed to support the claim. So, then Obama took over, he maintained the Bush tax cuts after congress pressured him on the issue. Still, job creation was pretty poor, failing to replace all the job lost under Bush.

I am beginning to think that a president under the US system of government can hardly create jobs. He can ask congress to pass job creation friendly policy, but congress must act. Bush was unable to create jobs, Obama seems unable to create jobs. How do we expect a president to force the private sector to create jobs. Especially when the Chinese will glady work twice as hard for 1/10 the money of most Americans, and they now have many first world skills to offer for much lower cost. US corporations rush to take advantage of a willing, non union, low wage and many times high skilled labor force. Can Americans compete? Really, can they?

Most Americans holding decent jobs are in the public sector or in services to individuals which can not be sent abroad. How does a President force corporations to not use better and cheaper workers that raise the bottom line? SImple answer: "They can't, unless they accept lower pay and work harder."

Sat, 11/03/2012 - 20:41 | 2945346 Oldwood
Oldwood's picture

True enought that a president can't create jobs but he sure as hell can lose them! Constantly attacking business and wealth as the cause of our problems can definitely make me pause before i will hire or invest. And do you consider the jobs we are currently losing as "Bush's" fault as well?

Sat, 11/03/2012 - 22:25 | 2945515 Jack Burton
Jack Burton's picture

If wealth is under attack by Obama, you need to explain record corporate profits and the % of income growth since 2008 that has gone to the top 1%. If you think the top earners, or job creators, are losing wealth under obama, I suggest all the data say otherwise.

I will hire and invest whenever I see profit. So far, the wealthy have lost nothing. In fact they were made whole by government bailouts after 2008 and fed policy has caused massive gains in their holdings in equites.

"The jobs we are currently losing" Which ones?  Jobs are created and destroyed all the time. Are you suggesting net job growth is negative.

Can you defend the jobs growth under George Bush? Oh, I forgot, there wasn't any. Facts are a terrible thing, they burst our bubbles. The Bush record was one of unmitigated disaster. Would anyone argue that point other than to preserve an ideology? Don't put me down as an Obama supporter either, I am an equal opportunity critic. I wouldn't be caught dead defending either one of the so called two parties. They both suck shit.

Sat, 11/03/2012 - 22:58 | 2945567 Oldwood
Oldwood's picture

Sure. How was that wealth created? Most either came from direct government bailouts while calling those receiving them devil, devil, devil, or the profits came form laying off people. Businesses that see growth don't lay off people. As an employer under bush i actually hired people. Under Obama i have had to lay them off. Pretty simple for me. And all of us wealthy people out there making $250k really need to buck up and be patriotic here. Lets vote for higher fuel costs, health insurance costs, taxes and regulations. Lets push for permanently making two years of unemployment law, even though it will blow the employers insurance costs out the window, but hey, its patriotic. And even though the percentage of our population that is working is still in decline, we should ignore that cause we got all those new high tech green jobs, that taxpayers are paying for. The taxpayer is the ultimate patriot here. Fortunately big business is not the principle employer in America and if you would just look around you might discover that small businesses are still closing far faster than new ones are starting, unless of course you count all of the under-employed unemployed, self employed, consulting from their kitchen table.

Sun, 11/04/2012 - 13:07 | 2946197 jdelano
jdelano's picture



This is the most overlooked aspect of Obama's presidency.  He is in effect the best president the 1% have ever seen, literally raining money down on the banks and already wealthy businsess owners through stimulus and the artificial levitation of the S&P, and if there really was a two-partty system, the pro-Romney argument would be focused entirely on exposing that hypocricy rather than politely avoiding it.  How much did Pandit take home this year again?  How long a prison sentence is Corzine serving?  I have to imagine this is because Obama is either complicit and a willing Goldman puppet or it's just a simple case of 'He who has the gold makes the rules."  (ZH'ers feel free to point out that the gold is not actually there.)  At any moment the fed can stop purchasing the greater portion of our debt and it is good night for Washington, repub or dem--that is what has destroyed any credibility the two party system might have once had.  The govt is now so beholden to the fed and the consortium that surrounds it that if they don't play ball, the banks will just crash the markets and go for an outright and overt coup, putting a Goldman alum as an unelected technocrat in the Oval Office.  

Sun, 11/04/2012 - 13:07 | 2946198 jdelano
jdelano's picture



This is the most overlooked aspect of Obama's presidency.  He is in effect the best president the 1% have ever seen, literally raining money down on the banks and already wealthy businsess owners through stimulus and the artificial levitation of the S&P, and if there really was a two-partty system, the pro-Romney argument would be focused entirely on exposing that hypocricy rather than politely avoiding it.  How much did Pandit take home this year again?  How long a prison sentence is Corzine serving?  I have to imagine this is because Obama is either complicit and a willing Goldman puppet or it's just a simple case of 'He who has the gold makes the rules."  (ZH'ers feel free to point out that the gold is not actually there.)  At any moment the fed can stop purchasing the greater portion of our debt and it is good night for Washington, repub or dem--that is what has destroyed any credibility the two party system might have once had.  The govt is now so beholden to the fed and the consortium that surrounds it that if they don't play ball, the banks will just crash the markets and go for an outright and overt coup, putting a Goldman alum as an unelected technocrat in the Oval Office.  

Sat, 11/03/2012 - 20:11 | 2945281 nmewn
nmewn's picture

25-54 hit hardest...gosh, I got all this "government investment" in my student debt to pay off.

Sat, 11/03/2012 - 21:27 | 2945423 New_Meat
New_Meat's picture

u b screwed!  otoh, you don't live in New Yawk, so you are actually saved, don't cha' know.

and ori can explain the double-helix screw, you know, the one that goes in, despite the direction of the turning.

ORI! we need you help on this technical mattar!

'cuz nmewn is truly screwed, just doesn't know it yet ;-)

- Ned

{but we haven't yet established  if ORI is a knurd or not?  No, we have not done that.}

{{pay off, let's see, check, check, check check--yep, you're past due!!!  come over here and meet my friendly enforcement officer, that's a nice lad.}}

Sat, 11/03/2012 - 21:39 | 2945437 nmewn
nmewn's picture

Never have been able to figger ORI...kinda of an odd duck. Has some rational moments then goes of the deep end (I guess like all of us sometimes). I know he's concerned about "his people/culture" just don't know what that winds up meaning. One minute its western culture (understandably with the Brits), then its native Indian political corruption, then its lack of internet service & jooos again or sumpin...who knows.

I see Mitt landslide...not even close. O'Barry is running around in nothing but blue states now...its over.

Then we break out the real New Party...yes? ;-)

Sat, 11/03/2012 - 23:03 | 2945573 rhinoblitzing
rhinoblitzing's picture

Florida's early voting started last Saturday - I have seen and lots of reports of 4 hour long lines and they "look like" Obama supporters in force.

I don't know about other states early voting - but I predict Florida going to Obama - For all the wrong reasons.


Sat, 11/03/2012 - 23:52 | 2945629 centerline
centerline's picture

I'm in FL and it does seem slanted towards the O.  Will be interesting to see what happens.  I have my own theories, and fully willing to accept if they are crap.  Feels like I am sitting in front of a Vegas conspiracy roulette wheel with my ideas, pushing all my chips on one color or the other (ok... don't go there folks... that's not what I meant).

Sun, 11/04/2012 - 11:04 | 2945974 nmewn
nmewn's picture

Mitt has Fla locked up...the MSM is just trying to cover for their darling.

Scroll down to the internals, its not even going to be close...

Sat, 11/03/2012 - 20:14 | 2945292 Xavier Snoweman
Xavier Snoweman's picture

Less than meets the third eye....


brown eye?

Sat, 11/03/2012 - 20:23 | 2945304 Dr. Engali
Dr. Engali's picture

The thing about it is the young people will continue to vote for people who are anti- business. They come out of college with $100,000 dollars worth of debt then they want to vote in the very same people who want to punish those who create jobs. Speaks volumes for the quality of education they are for.

Sat, 11/03/2012 - 20:28 | 2945324 LetThemEatRand
LetThemEatRand's picture

Mantra.   The largest corporations in America who also hold most of its wealth do not create jobs in America.  They destroy small business, offshore jobs, and then complain about taxes.  Prove me wrong.

Sat, 11/03/2012 - 20:48 | 2945351 Dr. Engali
Dr. Engali's picture

Mega Corporations do indeed destroy jobs with their lobbying for tax benefits and regulatory burdens, but that doesn't change the fact that the youth will fall for politicians who promise to put the biggest restraints on those who could have potentially hired them.

Sat, 11/03/2012 - 20:59 | 2945363 LetThemEatRand
LetThemEatRand's picture

Mega Corporations would exist in an environment where politicians were not elected, yes?*

*or simply oligarchs.

Sat, 11/03/2012 - 20:59 | 2945369 Oldwood
Oldwood's picture

Excuse me!? Mega Corps are destroying jobs by lobbying to lower their taxes and regulations? High corporate taxes and excessive regulation is killing US jobs, not just with Mega Corps but small business as well. Everyone on the planet knows this. Its only deluded marxist who thinks we can have high taxes, mega regulation, union wages and full domestic employment. For the left, the only American exceptionalism they are willing to accept is the belief that America can follow the same failed path of every other socialist/communist experiment with a different result.

Sat, 11/03/2012 - 21:09 | 2945386 Dr. Engali
Dr. Engali's picture

Delete. Double post.

Sat, 11/03/2012 - 21:11 | 2945390 Dr. Engali
Dr. Engali's picture

You are not grasping what I am saying. Mega corporations are the ones who lobby for the regulations , since they get the benefit of writing them and putting the burden on small business squeezing out the competition. It's called regulatory capture. You might want to read up on it. They also lobby for tax breaks that benefit them, not the small business.

Sat, 11/03/2012 - 21:32 | 2945430 Oldwood
Oldwood's picture

I absolutely agree with you on this point. Its just that I don't believe any business large or small should be paying any taxes. Any tax that a business incurs goes straight into their costs of production and thereby consumer cost. We are taxing US companies out of business while imports are basically tax free. This is nuts. If you don't like tarrifs then consider a sales tax. At least that would not favor imports over domestic business. BY taxing companies we entitle them to influence law makers in their self defence as they ultimately do not have the voting powers available to them proportionate to their expense. For those who hate the SCOTUS decision regarding corporations please consider that we are taxing them in some cases billions of dollars and telling ther boards that if they don't like it, go vote. Government has used business as their back door tax collector for seventy years, starting with payroll deductions and including virtually every tax they assessthat consumer end up paying. And don't even get me started on regulations.

Sat, 11/03/2012 - 21:44 | 2945447 nmewn
nmewn's picture

"Government has used business as their back door tax collector for seventy years, starting with payroll deductions and including virtually every tax they assess that consumer end up paying."

Bang on!!!

Sat, 11/03/2012 - 22:00 | 2945470 hawk nation
hawk nation's picture

The first person with their hand out who created this problem is the politicians

corporations are using the system the politicians created no matter how corrupt so the root cause is these ass hole stuttering fuck politicians

Sat, 11/03/2012 - 22:33 | 2945531 Jack Burton
Jack Burton's picture

Bingo Dr. !!! Who do these people think writes the regulations? My good, the biggest corporations in the land OWN fucking congress, they are called in to write the regulations. Their goal is to kill any who would compete with them, ESPECIALLY SMALL BUSINESS!

Sun, 11/04/2012 - 00:01 | 2945636 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Not to mention outright corporate welfare.

Sun, 11/04/2012 - 00:46 | 2945665 DanDaley
DanDaley's picture

True as you say, the FDA for example, was created to squeeze small businesses, but there are also onerous regulations that come from the socialists in the Politburo in DC that squeeze them from another direction.  When you get screwed by America's first gay president, that has implications.

Sat, 11/03/2012 - 22:47 | 2945548 Dburn
Dburn's picture

"High corporate taxes and excessive regulation is killing US jobs"

Corporations paid 180B in Taxes in 2011. In 2012 it's expected to drop by some 50B. As a percent of GDP, Taxes have never been lower in recorded history as a % of GDP. Public corporations and private in total pay 15% of what individuals pay in total.


Unfortunately we have way too many people who go through life with no grasp of the facts and even if they did have them they would have no idea what to do or say becuase they don't know what they mean, nor what they are expected to say about it. Instead we have Ctrl-V /Ctrl-P people.

I always wondered what it would be like to run into people incapable of thinking for themselves. Interesting that this site attracts so many of them. Try to find new talking points to copy  OP.

Sat, 11/03/2012 - 23:13 | 2945582 Oldwood
Oldwood's picture

And who is providing the funds to pay thsoe business taxes? The consumer of their produxts and services. And while business pays 15% of the total tax load, what percentage of that remaining tax load is paid by small business owners filing under their personal taxes? You know that top wage earners, of which a significant portion are small business owners, pay the bulk of all income taxes. Given that an ever larger portion of our GDP is now coming directly from our government, I'm not sure of the relevance of taxes as a percentage of GDP. While your post comes across as an insult to somebody, I'm just not quite sure to whom you are pointed. What is your point?

Sun, 11/04/2012 - 00:30 | 2945656 dexter_morgan
dexter_morgan's picture

Oldwood, save your breath. Obviously, to certain geniuses here,  THE problem is too low taxation, not too high of gubmit spending. If we weren't all so selfish and greedy and would just have ponied up about 16+trillion more of our hard earned dollars, then all would be utopia........budget would be balanced, 100% employment, blah, blah, blah



Sun, 11/04/2012 - 05:03 | 2945799 boogerbently
boogerbently's picture

But, corporations ARE people.

Sat, 11/03/2012 - 22:31 | 2945527 Jack Burton
Jack Burton's picture

They can't! That is why they won't even try. They will just resort to onliners or call you names. I ought to know, in the last four years nobody has made an attempt to prove my similar posts to your wrong. But they go off the wall calling me a socialist for bursting their ideologiacl bubbles.

You have to understand, a certain type of person prefers the echo chamber that is FOX and Limbaugh. Facts, data, debate, conclusions based on rational thought. Nope, not on their agenda. If it ain't their ideology, it ain't up for discussion!

It is funny they haven't tried to run us out of here on a rail LetThemEatRand. Your handle is like waving a red flag at a mad bull!

Sat, 11/03/2012 - 23:33 | 2945608 Oldwood
Oldwood's picture

Echo...echo..I don't hear no echo. But a red flag, now that has my attention! Its like ships passing in the night. You think you have all the facts but man I don't see it. there is little doubt that statistics can be used to create a lot of false noise. But really, you really think the facts are in Obama's favor here? Do you really think you can make some law that will force businesses to employ US citizens? Reality and numbers are against you. But you can keep on wishin. Schools are failing and we spend more on education that just about anywhere yet the left's solution is to spend even more? Jobs are leaving in droves yet the left is convinced that unions are the answer? Are you watching France at all? We can just wish affordable alternate energy into existance by throwing billions at campaign supporters and it will majically appear? Politicians are plagued by the belief that they can fix things and unfornately it is contageous to many of their followers. I fully expect the government to propose building a thirty foot wall around NY to save the citizens from the next, or as is usual, the last disaster. At some point we, as humans, will have to accept our limitations and find a point where it is as good as it gets. Thats a hard thing to do for all of us as we always think we can improve it. With most projects that I undertake, I have found that knowing when to quit is a very important thing.

Sun, 11/04/2012 - 13:36 | 2946262 jdelano
jdelano's picture

Tempted to ask, what's your vocation/who are you guys in the offline world?  I'm curious because while you guys are in contention on this and that, you're at least having a substantive dialogue that demonstrates some level of insight, intelligence, and critical reasoning which is intriguing since I don't know anybody that isn't a blind adherent to some red or blue or tie-died cult of idiocy at this point.   I'm wondering, where are you all hiding?  Where in hell are all the sane Americans and why don't they have a voice anymore except in the comment section of a "fringe" blog?      

Sun, 11/04/2012 - 16:06 | 2946618 Oldwood
Oldwood's picture

I have been self employed for 30+ years. Small business of ten or less most of those years building furniture and cabinets in Texas. Watching it all go down the tubes. While I grew up in a very conservative family, I was indoctrinated into liberalism in college. Once into the real world it didn't stick.

Sat, 11/03/2012 - 20:31 | 2945332 knukles
knukles's picture

The English speaking word no longer educates.  It indoctrinates.

Sat, 11/03/2012 - 20:35 | 2945336 LetThemEatRand
LetThemEatRand's picture

"The English speaking wor[l]d no longer educates.  It indoctrinates."

Unlike China?  

Sat, 11/03/2012 - 20:22 | 2945307 leftcoastfool
leftcoastfool's picture

Until I saw that first chart I had no idea Walmart could absorb almost 4 million new greeters...

Sat, 11/03/2012 - 21:00 | 2945367 rhinoblitzing
rhinoblitzing's picture

The problem is Walmart creates lots of minimum wage, seasonal, part time, temp jobs with no benefits. And of course - no path to saving for retirement!

JIT (Just in Time) Employees, or the new buzz phrase is "contingent workers". More and more businesses are doing the same. Supermarkets do not need to pay new employees overtime, benefits, less paid vacation, less health insurance - but lots more employees on the payroll!

NFP - Manufacturing Numbers - Indeed!

Sat, 11/03/2012 - 21:24 | 2945417 stocktivity
stocktivity's picture

How does anyone save for retirement with 0 % interest thanks to the Bernanke. Saving for retirement is something your parents and grandparents did. Many people now live paycheck to paycheck. Ask them about saving for retirement and you'd get laughed at. This is where the politicians, economists, and CNBC talking heads are so out of touch with Main Street.

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