Chart Of The Day: Five Years Of Jobs Versus Entitlements

Tyler Durden's picture




 

The Second Great Depression officially started in December 2007. The NBER tells us that the recession that started at the same time ended some time in the summer of 2009. The Second Great Depression continues. The chart below shows the cumulative increase in Americans receiving foodstamps and disability benefits since December 2007 on the positive Y-Axis, and the jobs lost on the negative Y-axis. No additional explanation is necessary.

And on a standalone monthly basis:

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Tue, 09/11/2012 - 10:07 | 2781512 LawsofPhysics
LawsofPhysics's picture

"Five years of jobs versus Bailouts"- FIXED.

Tue, 09/11/2012 - 10:28 | 2781606 GetZeeGold
GetZeeGold's picture

 

 

That was fun.....can we do it again!

Tue, 09/11/2012 - 13:05 | 2782266 economics9698
economics9698's picture

More EBT cards to help the 85 IQ crowd breed out the 110 IQ crowd.  

Tue, 09/11/2012 - 16:57 | 2783147 Element
Element's picture

Take note that since 1st Jan 2008, 464 US banks have failed.

FDIC failed Bank:

http://www.fdic.gov/bank/individual/failed/banklist.html

 

Many thousands more will soon be joining this list.

Tue, 09/11/2012 - 10:28 | 2781608 Pladizow
Pladizow's picture

Go long Apple?

Tue, 09/11/2012 - 10:40 | 2781668 Big Slick
Big Slick's picture

It's Bernanke's multiplier effect.  Same way 3.6 Debt/GDP will help us out of this. /sarc/

Tue, 09/11/2012 - 10:07 | 2781513 mrktwtch2
mrktwtch2's picture

hope and change..

Tue, 09/11/2012 - 10:09 | 2781520 Winston Churchill
Winston Churchill's picture

Hopelessly changed.

Tue, 09/11/2012 - 10:43 | 2781679 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Trademark that.

Tue, 09/11/2012 - 17:37 | 2783251 FEDbuster
FEDbuster's picture

At least put it on a bumper sticker.

Tue, 09/11/2012 - 10:12 | 2781538 max2205
max2205's picture

by the chart, I think dead people are collecting...don't you

Tue, 09/11/2012 - 10:16 | 2781553 divide_by_zero
divide_by_zero's picture

Why not? They'll be voting in a few weeks!

Tue, 09/11/2012 - 10:29 | 2781614 GetZeeGold
GetZeeGold's picture

 

 

Not even death keeps Grandma from voting.....it's tradition!

Tue, 09/11/2012 - 10:41 | 2781671 Big Slick
Big Slick's picture

TRADITIIIIIOOON!!!!!!

Tue, 09/11/2012 - 11:00 | 2781758 Metalredneck
Metalredneck's picture

"Vote early, vote often."

Tue, 09/11/2012 - 10:33 | 2781630 Zero Govt
Zero Govt's picture

that'll be the postal vote then

if you check the stamps they all eminate from GOP and Dem headquarters by some strange coincidence

Tue, 09/11/2012 - 11:53 | 2781989 Boondocker
Boondocker's picture

as they say in Chicago....vote early and vote often!

Tue, 09/11/2012 - 10:07 | 2781516 malikai
malikai's picture

Prosperity.

Tue, 09/11/2012 - 10:39 | 2781653 Zero Govt
Zero Govt's picture

don't hold your breath ...Benny is trying to fix it

$16 trillion in 'fixes' and still, Zzzzzzzz

Tue, 09/11/2012 - 10:09 | 2781523 vote_libertaria...
vote_libertarian_party's picture

...and this is BEFORE Ben loses control of interest rates...

Tue, 09/11/2012 - 10:09 | 2781526 blunderdog
blunderdog's picture

"Second Great Depression" is just not a fitting name.  This is the 21st century.  How about "Great Depression 2.0"?

Tue, 09/11/2012 - 10:13 | 2781541 WonderDawg
WonderDawg's picture

I think history will refer to it as The Collapse or maybe The Great Collapse.

Tue, 09/11/2012 - 10:18 | 2781558 StychoKiller
StychoKiller's picture

The Great Implosion™

Tue, 09/11/2012 - 10:42 | 2781674 Big Slick
Big Slick's picture

INCEPTION!!! ('cause I own gold)

Tue, 09/11/2012 - 11:48 | 2781961 ParkAveFlasher
ParkAveFlasher's picture

Iz Glorious Revolution, da?  Da.  Now what do you want to tell me about your neighbor's bank accounts, Komrade?  See?  I feel your glass wid wodka.  Iz good, da?  Da.

Tue, 09/11/2012 - 12:14 | 2782078 dark pools of soros
dark pools of soros's picture

iCapitulate

Tue, 09/11/2012 - 13:23 | 2782321 MachoMan
MachoMan's picture

"The Great Swindle"

 

Tue, 09/11/2012 - 17:51 | 2783288 FEDbuster
FEDbuster's picture

"The winds of shit started to blow, it became a shit blizzard, pushing all the shit rats and their little shit apples into the shit abyss.  A real SHITNAMI" 

Jim Lahey, Trailer Park Supervisor

http://www.youtube.com/watch?v=JuedGDhkQKg

Tue, 09/11/2012 - 10:24 | 2781582 Sudden Debt
Sudden Debt's picture

I've got a question for you!

What can you tell me about the fall of English empire in the 19th century? In 20 sentences or more.

What can you tell me about the fall of the Spanish empire?

The Portugese empire?

Chinese?

French?

Ottoman?

Greek?

Italian?

Persian?

ps: quoting movies is not allowed.

 

People only remember the glorious days of a lost empire. Nobody remembers the end and yet that is the only constant in all the stories.

 

Tue, 09/11/2012 - 10:29 | 2781617 WonderDawg
WonderDawg's picture

The only thing I know for sure that they all have in common is none of them happened overnight. This one might be different.

Tue, 09/11/2012 - 11:02 | 2781760 BandGap
BandGap's picture

No, this is the same. See the erosion for what it is - a slow, methodical degradation of the circumstances until some event touches off the avalanche. But this IS not happening overnight.

Tue, 09/11/2012 - 11:07 | 2781788 WonderDawg
WonderDawg's picture

You're right. But to the masses with their heads buried in the sand, it's going to seem like it.

Tue, 09/11/2012 - 11:49 | 2781965 Winston Churchill
Winston Churchill's picture

The one thing they all have in common is leaving a gold standard

because of debt.Whether it was done oficially(Nixon 1971,Churchill 1925)or

via adulteration(Rome,Spain,Portugal) all invoved funny money.

This will happen much quicker because of the sheer volume of funny money in the

monetary system.Quadrillion plus range now.

No slow decline for us,overnight in relative terms.

Tue, 09/11/2012 - 13:20 | 2782309 dark pools of soros
dark pools of soros's picture

depends when you start to feel the decline...  to some it started in 71.. for others 1913,  and probably every year inbetween it started for someone

Tue, 09/11/2012 - 10:33 | 2781635 AlaricBalth
AlaricBalth's picture

Don't need 20 sentences. One word will suffice: CORRUPTION

Tue, 09/11/2012 - 10:42 | 2781681 Big Slick
Big Slick's picture

TRADITIIIIIOOON!!!!

Tue, 09/11/2012 - 10:38 | 2781665 Urban Redneck
Urban Redneck's picture

How about the collapse of Florentine banking from bad loans financing bad wars and the arrival of the Black Death with the upitty redistributionist movement in town? 

Being ZH, 20 sentences or LESS would save space and time though...

Tue, 09/11/2012 - 11:02 | 2781764 Metalredneck
Metalredneck's picture

My family lost it all in the big Tulip market, way back...

Tue, 09/11/2012 - 11:19 | 2781847 SelfGov
SelfGov's picture

Well the English empire fell shortly after they peaked in coal production.

Russia collapsed a few years after they hit their first peak in oil production.

The US Economy was shocked to shit shortly after the US peaked in oil production. There would have been a collapse if the US $ wasn't taken off the gold standard and put on the oil standard.

I bet energy and resource limitations led to the fall of ALL of these empires.

Tue, 09/11/2012 - 10:31 | 2781620 edifice
edifice's picture

I think it'll be referred to as The iBubble. I mean, according to NPR, Apple will contribute $3 billion to the 'economy' this year, via iPhone 5 sales... Right?...

Tue, 09/11/2012 - 11:18 | 2781843 CaptainObvious
CaptainObvious's picture

Yeah, it will save the US GDP just like the Facebook IPO saved Kalifornia!

Oh, wait...

Tue, 09/11/2012 - 10:44 | 2781690 knightowl77
knightowl77's picture

It has a ring to it....and seriously, this IS what is happening...

So call it what IT is... "The Great Collapse"

Tue, 09/11/2012 - 11:25 | 2781880 michael_engineer
michael_engineer's picture

How about calling it "The Great Contraction" ?

Tue, 09/11/2012 - 12:55 | 2782225 lasvegaspersona
lasvegaspersona's picture

I prefer The Great Correction

more honest

Tue, 09/11/2012 - 15:07 | 2782727 RichardP
RichardP's picture

Morph The Great

Tue, 09/11/2012 - 16:29 | 2783050 michael_engineer
michael_engineer's picture

The Dreaded Other Shoe Dropping is a catchy name.

And it's got that Quantitative Easing kind of misdirection going for it.

Tue, 09/11/2012 - 10:13 | 2781527 Mercury
Mercury's picture

Finally ZH is identifying food stamps primarily as an entitlement.

The mouth on that chart is opened wide...

Tue, 09/11/2012 - 10:14 | 2781545 gggunchi
gggunchi's picture

Don't like the term entitlement.  It implies people are entitled to something.  I believe "social program" is more accurate. 

Tue, 09/11/2012 - 10:25 | 2781596 Sudden Debt
Sudden Debt's picture

YOU DIDN'T URN THAT PAYCHECK ON YOUR OWN!!!!

NOW GIVE ME HALF!!!

 

Tue, 09/11/2012 - 10:37 | 2781657 Ricky Bobby
Ricky Bobby's picture

You better get with the program; everything is a Right accept for Liberty. The state has exchanged promises for chains, and most amerkans are fine with it.

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