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The New Jersey Jobs Neutron Bomb

Tyler Durden's picture




 

And the payroll propaganda was going so well until... New Jersey happened. As the chart below shows, in the month of July the state, arguably the Tristate area's most employer friendly, saw a sequential drop of 12,000 jobs, which was the largest one month drop since June 2009. Outlier? Or the harbinger of things to come at the national level? We will likely not now for sure until after the presidential election at which point the endless data fudging and manipulation finally ends.

 

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Wed, 08/22/2012 - 09:45 | 2726938 hedgeless_horseman
hedgeless_horseman's picture

 

 

We will likely not now for sure until after the presidential election at which point the endless data fudging and manipulation finally ends.

Not likely, but it is nice to see that one can still dream.

Jersey needs some of Galvin's Magic...

Wed, 08/22/2012 - 09:45 | 2726969 malikai
malikai's picture

I hear if you take a whole bottle of it, you get green sharts.

Wed, 08/22/2012 - 09:51 | 2726984 GetZeeGold
GetZeeGold's picture

 

 

We don't have any jobs but we created or saved 5 million of them yesterday....where were you?

 

Wed, 08/22/2012 - 09:53 | 2726992 ratso
ratso's picture

The loss of jobs is more of that Christy magic.

Wed, 08/22/2012 - 10:04 | 2727038 idea_hamster
idea_hamster's picture

That's a pretty useful template for an article lead:

"[Insert whatever] was going so well until...New Jersey happened."

So many option, so little time.

Wed, 08/22/2012 - 11:27 | 2727454 TruthInSunshine
TruthInSunshine's picture

@Hedgeless - Best one yet!  I bet it makes burgers and steaks smell & take like bullshit, too.

mmmmm!  BBQ bullshit.

Wed, 08/22/2012 - 11:59 | 2727606 French Frog
French Frog's picture

"until after the presidential election at which point the endless data fudging and manipulation finally ends"

What makes you think that this practice will end after the election lol?

Wed, 08/22/2012 - 12:44 | 2727771 Metalredneck
Metalredneck's picture

I was going to say that it would depend on who wins, but I'm not so sure that's tru anymore...

Wed, 08/22/2012 - 10:13 | 2727096 Freddie
Freddie's picture

Yeah - NJ needs Corzine to come back.  NJ is a liberal hell hole and no one would want to live there.  It has become and is becoming quite islamic as well.  Tthank liberalism. 

Christy is a RINO and a huge Springsteen fan which means he has an infantile mind.  He is light years better than Corzine.

Wed, 08/22/2012 - 10:40 | 2727249 redd_green
redd_green's picture

Akkk, dont' spin  that stuff, please.  Liberal, conservative, whatever label you put on a crook... they're still a crook.  THE problem:   indistry was packed up and moved out of the state decades ago, leaving fewer and fewer taxpayers to pickup the tabs for school, police, fire, etc.    If you read history, and skip the propaganda (and unfortunately 99.999% of mainstream news is propaganda and crappy propaganda at that), then you'll get someplace.   

Wed, 08/22/2012 - 10:02 | 2727041 Stock Tips Inve...
Stock Tips Investment's picture

Economic data continue to show ups and downs. It is normal in times of crisis in which the government tries to "fix" the situation. There are reasons to be optimistic, but there is not sufficient reason to be too pessimistic. My vision of trader leads me to not get ahead of reality but if actur on it. If the market goes up or down, there are always opportunities.

Wed, 08/22/2012 - 09:49 | 2726978 Cognitive Dissonance
Cognitive Dissonance's picture

AKA "Ben's Homemade Keynesian Aphrodisiac".

Wed, 08/22/2012 - 10:20 | 2727133 ParkAveFlasher
ParkAveFlasher's picture

drooish fly?

Wed, 08/22/2012 - 10:03 | 2727042 Quinvarius
Quinvarius's picture

Tastes just like bath salts.  Hmmmm....

Wed, 08/22/2012 - 09:43 | 2726940 RacerX
RacerX's picture

looks like somebody got the +/- sign backwards. Easy fix, just multiply by -1.

call it "Algebraically adjusted".

Wed, 08/22/2012 - 09:42 | 2726941 malikai
malikai's picture

Welcome to the recovery!

Wed, 08/22/2012 - 09:53 | 2726990 GetZeeGold
GetZeeGold's picture

 

 

I luv the smell of recovery in the morning....smells a tad bit like napalm.

 

Wed, 08/22/2012 - 09:40 | 2726943 Jason T
Jason T's picture

remember that garbage waste index?  

Wed, 08/22/2012 - 09:40 | 2726945 LawsofPhysics
LawsofPhysics's picture

Why would the propaganda end with the "election" of another banker/financial house puppet (Romney or Obama)?

FAIL.

Wed, 08/22/2012 - 09:44 | 2726961 LetThemEatRand
LetThemEatRand's picture

Ironically, suggesting that the propaganda is Obama-centric or party-centric is itself part of the propaganda.

Wed, 08/22/2012 - 09:45 | 2726968 EscapeKey
EscapeKey's picture

I vote for the Wall Street Party. Hence, my party always wins.

Wed, 08/22/2012 - 10:23 | 2727152 LawsofPhysics
LawsofPhysics's picture

That is exactly what I am saying, thanks for agreeing.

Wed, 08/22/2012 - 12:46 | 2727781 LetThemEatRand
LetThemEatRand's picture

Yes, I was agreeing.

Wed, 08/22/2012 - 11:49 | 2727550 Totentänzerlied
Totentänzerlied's picture

Wrong again Randy. It's suggesting that in recent times, election year data is notoriously more fudged, more so than regular data. No partisanship or other dialectical fantasy explanations needed, thank you. The real propaganda is the massaged data itself.

Wed, 08/22/2012 - 13:37 | 2727983 LetThemEatRand
LetThemEatRand's picture

I agree the data tends to be more fudged during the election cycle, but to me the broader point is that the two party system itself is the Big Lie and the most damaging propaganda.  Most people believe they are making a choice in November.  It people realized it was a flase choice between two candidates who serve the same masters, the slant on employment numbers would be inconsequential in the scheme of things. 

Wed, 08/22/2012 - 20:46 | 2729119 StychoKiller
StychoKiller's picture

The Meta-propaganda!

Wed, 08/22/2012 - 09:42 | 2726950 lolmao500
lolmao500's picture

Still up compared to 2008! Bullish!

And in other news, South Korea 30 biggest businesses are in emergency operation mode because of the state of the economy, which they say is as bad or even worse than in 2008...  so bullish... or something.

Wed, 08/22/2012 - 09:41 | 2726952 Arnold Ziffel
Arnold Ziffel's picture

Better wake Momo up and tell him the S&P is RED. He and his PPT need to get some cafe and go to work.

Wed, 08/22/2012 - 09:42 | 2726955 LongSoupLine
LongSoupLine's picture

Quick, get Corzine back!!!

Wed, 08/22/2012 - 09:42 | 2726956 g speed
g speed's picture

waiting for the spin-- daily humor--

Wed, 08/22/2012 - 09:42 | 2726957 waldocktrades
waldocktrades's picture

We are keenly aware of the precarious grip that equities hold on this rally. Yesterday's key reversal in the Dow futures has triggered a Commitment of Traders sell signal.

You can see the annotated chart here.

http://www.cotsignals.com/view.html?id=1

Wed, 08/22/2012 - 13:40 | 2727998 LongSoupLine
LongSoupLine's picture

"Traders"...LOL.

Wed, 08/22/2012 - 09:43 | 2726958 Todd Horlbeck
Todd Horlbeck's picture

The stock markets discounting mechanisim seems to be broken.

Wed, 08/22/2012 - 09:43 | 2726959 LawsofPhysics
LawsofPhysics's picture

Paging Governor Christie...  paging governor christie...

Fat robber barons, bitchez...

Wed, 08/22/2012 - 09:47 | 2726972 LetThemEatRand
LetThemEatRand's picture

I heard he's going to blame Bush.

Wed, 08/22/2012 - 09:51 | 2726981 LawsofPhysics
LawsofPhysics's picture

Well, at least that would be something different from his blaming obama.  Left... right... left ... right...  stupid sheep.

Wed, 08/22/2012 - 10:30 | 2727194 sessinpo
sessinpo's picture

"Paging Governor Christie...  paging governor christie...

Fat robber barons, bitchez..."

Wed, 08/22/2012 - 10:09 | 2727072 ReactionToClose...
ReactionToClosedMinds's picture

...... Forever .... and beyond.  Forward comrades.

Please report for duty to your local Valerie Jarrett Council.  Photo ID required for confidentiality purposes.  The news media will be invited in at end of council meeting with pre-scripted questions

Wed, 08/22/2012 - 10:21 | 2727137 Freddie
Freddie's picture

NJ is a Democrat felching state.  They love their 2008 Muslim.

Wed, 08/22/2012 - 09:44 | 2726960 Abraxas
Abraxas's picture

Everything is proceeding as planned. The fact that we are not privy to the plan is part of the plan.

Wed, 08/22/2012 - 09:44 | 2726964 Jlmadyson
Jlmadyson's picture

Yup expect really bad data rolling post elections.

Wed, 08/22/2012 - 09:44 | 2726965 lolmao500
lolmao500's picture

The MSM will say... so what, it's only NJ, the hell hole of America!

Wed, 08/22/2012 - 10:37 | 2727143 Freddie
Freddie's picture

NJ is another Democrat anus state.  It is becoming very much a third world sh*thole with lots of muslims like their dear leader.   Fat Christy needs to stop going to see that loser the "Boss" in concert.  Springsteen is a libard pile of shit like NJ.  Christy needs to go to a gym or weight loss place versus wolfing down a pizza listening to Springsteen's crap.

Wed, 08/22/2012 - 09:47 | 2726971 lizzy36
lizzy36's picture

See what happens when you put the GOP in charge ;)

Wed, 08/22/2012 - 10:12 | 2727088 ReactionToClose...
ReactionToClosedMinds's picture

were you a former Corzine employee taking the 5th?

Wed, 08/22/2012 - 10:15 | 2727106 lizzy36
lizzy36's picture

Why, yes how ever did you guess?

I am guessing the wink from my sarcastic comment gave me away.

Wed, 08/22/2012 - 09:49 | 2726974 booboo
booboo's picture

Snooki is pregnant and looking for the father?

Wed, 08/22/2012 - 10:10 | 2727079 kaiserhoff
kaiserhoff's picture

So..., she backed her ass into a buzz saw, and now she's trying to say which tooth bit her?????

Wed, 08/22/2012 - 11:53 | 2727571 CCanuck
CCanuck's picture

+1, still laughing, now that is funny!

Wed, 08/22/2012 - 12:37 | 2727753 Nobody For President
Nobody For President's picture

No, but she DID get a little behind in her work.

Wed, 08/22/2012 - 12:46 | 2727782 Metalredneck
Metalredneck's picture

Guessing which bean in the crock made her fart.

Wed, 08/22/2012 - 09:49 | 2726976 lsbumblebee
lsbumblebee's picture

NJ neutron bomb? Employment is destroyed but Corzine is left standing?

Wed, 08/22/2012 - 10:15 | 2727102 ReactionToClose...
ReactionToClosedMinds's picture

Corzine must know an awful lot to get this kind of blatant  velvet glove treatment.  Bernie Madoff is stewing in jail realizing he was just not corrupt enough.

Ah, Amerika .... where in Chicago  Valerie Jarrett's mega-residential development complex gets a special custom tax rate because she " .... has really good attorneys". 

Wed, 08/22/2012 - 12:51 | 2727795 GeezerGeek
GeezerGeek's picture

Neutron bombs kill people and other living stuff. Banksters are not human; more like decepticons. Corzine may not be Megatron, but he's one of the ranking (rank?) lieutenants.

Wed, 08/22/2012 - 09:51 | 2726982 UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

I like how Christy bitch-slapped that POS teacher-lady.

Remember that?

Classic stuff!

Wed, 08/22/2012 - 09:51 | 2726986 Undecided
Undecided's picture

Looks like the algos got kitco down for maintence http://maintenance.kitco.com/

 

 

Wed, 08/22/2012 - 09:52 | 2726987 John Law Lives
John Law Lives's picture

"We will likely not now for sure until after the presidential election at which point the endless data fudging and manipulation finally ends."

I imagine the whoremasters will keep fudging and manipulating data until the great R-E-S-E-T button gets pressed.

100% FUBAR.

Wed, 08/22/2012 - 09:52 | 2726988 President Palin
President Palin's picture

Maybe Corzine is back - all of those jobs just vapourized.

 

God help us.

Wed, 08/22/2012 - 09:54 | 2726995 azzhatter
azzhatter's picture

Tyler, you glass half empty pundit. Just imagine how many jobs were saved by the messiah last month.

Wed, 08/22/2012 - 20:52 | 2729132 StychoKiller
StychoKiller's picture

Oh great, mind-taxing time again...

Wed, 08/22/2012 - 09:54 | 2726998 madcows
madcows's picture

The numbers need to be taken with a grain of salt.

It's obviously just the Census workers coming onto the unemployment rolls as the BLS winds down its people counters.

Move along.  Nothing to see here.

Wed, 08/22/2012 - 09:54 | 2726999 johnnymustardseed
johnnymustardseed's picture

I thought that Fat Fuck Christie was going to turn it around? All that Republican , cut spending bullshit!

"We created as many jobs in the first six months of this year as we did in all of 2011 and 2011 was the best single year for private-sector job growth since the year 2000," Christie said at a July 23 press conference.

Wed, 08/22/2012 - 09:57 | 2727014 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

"We created as many jobs in the first six months of this year as we did in all of 2011..."

He forgot to say the number was zero!

Wed, 08/22/2012 - 10:01 | 2727030 wonderatitall
wonderatitall's picture

well we can hope for the grifter from chicago to be re selected. this way we can hope for mre and more unemplyment and vaporizing.

obama is a useless idiot and romney may be not much better, but 4 more years of the criminal enterprise from chicago dooms us all.

but maybe corzine will save some of the worthless state workers you want to save to lord over us. i mean he got 2 billion,right.

democrats are criminals and repubs are idiots

 

 

i guess you choose he criminal

Wed, 08/22/2012 - 10:16 | 2727107 LetThemEatRand
LetThemEatRand's picture

You just said EXACTLY what they want the good sheep to say.  "Yeah, my incompetent semi-criminal team sucks, but it's better than your totally incompetent criminal team."  They all work for the same guys.  If you want to see anything change, you have to reject their approved candidates.  Voting for the lesser of evils will not change anything other than shifting Rush from blaming the sitting President to blaming the last President and Congress, and shifting Maddow from blaming the last President and Congress to blaming the new President.

Wed, 08/22/2012 - 10:24 | 2727153 Everybodys All ...
Everybodys All American's picture

and the solution is what exactly?

Wed, 08/22/2012 - 10:58 | 2727327 LawsofPhysics
LawsofPhysics's picture

Default and the restoration of the rule of law and contracts, more appropriately real fucking consequences for bad behavior, at all levels of society.  End "mark to fantasy" accounting by all banks and execute any management that is caught cooking books.  Execute executives who bankrupt companies and then come to the taxpayer for a fucking bailout.

Just a few "solutions" I can see that would make things much better.

 

Moral hazard bitchez.  No system will "get better" if failed policies and crooks are not purged.

Wed, 08/22/2012 - 10:31 | 2727193 mendigo
mendigo's picture

Thank you!
Please people if we actually vote for either of the two parties in power than we truely deserve what is coming.
VFOp - Vote Fucking Other please.
Any unemployed person who does not vote or votes for one of the chuckle-heads - wake the fuck up!

Wed, 08/22/2012 - 10:45 | 2727268 Everybodys All ...
Everybodys All American's picture

Third party votes historically help the incumbent.

Wed, 08/22/2012 - 10:59 | 2727341 mendigo
mendigo's picture

Likely that may be true.
But I beleive it is about making a step in the right direction.
If a significant percentage actually show up and vote for a third party I hope and believe that could become the start of a swing in a better direction. Do not let any rational stand in the way of doing the right thing - there are many people who will tell you how pointless it is. Everything is on the line. Progress will require a first step.

Wed, 08/22/2012 - 09:54 | 2727000 Dr. Engali
Dr. Engali's picture

Hopefully it was 12,000 over paid bureaucrats.

Wed, 08/22/2012 - 10:11 | 2727085 Chrome Child
Chrome Child's picture

ZING!

Wed, 08/22/2012 - 10:01 | 2727031 diogeneslaertius
diogeneslaertius's picture

GREIN SHEWTS!

Wed, 08/22/2012 - 10:02 | 2727032 Mr. Lucky
Mr. Lucky's picture

"You can avoid reality, but you cannot avoid the consequences of avoiding reality"

 

Wed, 08/22/2012 - 10:04 | 2727047 diogeneslaertius
diogeneslaertius's picture

its not a harbinger of anything to come, we live in a NWO candyland now with gumdrop pillows and marshmallow clouds

in fact, i may have to forward this report to the Department of Homeland Security (god that has such a nice Ring to it!) for containing Suspicious Language

 

"We will likely not now for sure until after the presidential election at which point the endless data fudging and manipulation finally ends."

at which point the endless data fudging and manipulation finally ends

gotta love your optimism

Wed, 08/22/2012 - 10:06 | 2727057 Brahms Third Racket
Brahms Third Racket's picture

This is interesting for a couple of reasons.  Historically, the NJ unemployment rate is usually below the national average.  Now, it is above.  Also, for years, NJ has been a state wth many of those "good, middle class" jobs (in Tech, Telecom, Pharma...); the kind that seem to be disappearing rapidly.

Wed, 08/22/2012 - 10:11 | 2727081 Chrome Child
Chrome Child's picture

One theory could be that a good amount of those jobs have gone to either NY, or PA. I know PA has been lobbying and shmoozing a few companies (Tech and the like) to come over to PA for tax break reasons. It used to be that people lived in PA, and commuted to NJ for work, but it seems that trend is reversing.

Note: I live in PA

Wed, 08/22/2012 - 10:25 | 2727157 Freddie
Freddie's picture

NJ and PA?  You mean NJ and the Palestinian Authority?  NJ is becoming quite Islamic and hispanic.  A real Dem shit hole.  PA would actually be a fairly decent state if there was a War of The Worlds moment and Philadelphia disappeared.

Wed, 08/22/2012 - 20:56 | 2729139 StychoKiller
StychoKiller's picture

You're beginning to come across as some kind of HAIRY skinhead!

Wed, 08/22/2012 - 10:27 | 2727173 Freddie
Freddie's picture

Well in NJ if you don't speak Spanish, yiddish or Arabic then you are pretty much screwed.  A liberal third world utopia.  Corzine left because there is nothing more to steal in NJ.

Wed, 08/22/2012 - 10:46 | 2727275 mendigo
mendigo's picture

Excellent work, Mr Troll.

Wed, 08/22/2012 - 11:15 | 2727405 ParkAveFlasher
ParkAveFlasher's picture

I grew up in NJ, it used to be the Garden State, now it's the NYC/PHI Welfare Overflow State.  Even expensive swim clubs in Bergen County are slowly being forced to integrate by subsidizing memberships according to a quota system.  It doesn't need to be declared, it's happening. 

The population-at-large used to evacuate New York City for the suburbs.  This was the urban flight of the 1970's.  My parents were part of that and I was born in NJ.  Some studies show a reverse in process.  House prices in NJ suburbs are in the vice, compressed between teacher/law enforcement pensions (driving extremely high property taxes, think $10k-$15k for a three-bedroom) and gasoline prices (everyone drives and you need two cars).  Over the life of a 30-year mortgage, you could own two properties elsewhere for the same cash and retire on rental earnings.  This is what is killing Suburbia now.  Fireworks were cancelled this Fourth of July in many towns for the first time since, since they started when I was a boy.  Wait until the municipial budgets collapse further. 

I have lived in western Queens for 11 years now, about four miles from Central Park, close to trains and buses, paying low taxes, and not seeing the bottom drop out of local housing prices.  In fact there is a housing shortage here.  It's as if time is winding backwards. 

Wed, 08/22/2012 - 11:21 | 2727423 WorkingClassHero
WorkingClassHero's picture

You're a moron.  NJ has 4 of the top 10 wealthiest counties in the country, and is number 2 in the country in education.  A third world utopia?  Have you even beeen to NJ?  If you have you obviously never ventured too far outside of Newark.

Wed, 08/22/2012 - 11:59 | 2727598 ParkAveFlasher
ParkAveFlasher's picture

Take away Summit, Alpine, Mahwah, i.e. key towns with mansions in those most expensive counties and the whole equation falls apart.  NJ is beautiful in so many respects, I agree, however the population who bought houses within the last 15 years or so in those steep-pyramidal counties are paying for more than they are getting.  Great education, true, I was raised with it, but it comes with a price and that price is pension.  Cops are overpaid.  The sheriffs are corrupt beyond corrupt. 

The reality is that the middle class - the ones that used to buffer the mansion-dwellers from the riff-raff - is clawing and scratching and scraping in those horse latitudes between Philly and NYC. 

It is not a far drive from Paterson to Ridgewood, by the way, or from Teaneck to Alpine.

Wed, 08/22/2012 - 12:03 | 2727620 ParkAveFlasher
ParkAveFlasher's picture

BTW most of that great education was intended to be a launching pad towards higher education, and how's that working out for the country?  Less like a launching pad, more like a ski jump. 

IMO a gigantic beautiful experiment that has failed utterly and catastrophically.  Generations of wealth and effort evaporated.

Wed, 08/22/2012 - 13:40 | 2727997 WorkingClassHero
WorkingClassHero's picture

NJ obvioulsy has its share of problems, there's no debating that, but I had to step in and defend the state and people because Freddie posted at least 5 moronic comments about NJ, despite a clear lack of knowledge outside the usual mainstream out-of-state talking points.  The property taxes are outrageous, and there's plenty of bureaucratic corruption (what else is new), but overall its a great place to live assuming you aren't within a 10 mile radius of one of the famous shithole cities (Newark, Camden, or Trenton).  I've travelled to many places and find the people of NJ to be, on the whole, among the most inteleligent and rational people I've come across.  Growing up and living in a place with so much diversity is a very real catalyst for widespread open mindedness.   

Wed, 08/22/2012 - 14:00 | 2728068 ParkAveFlasher
ParkAveFlasher's picture

It appears that YOU are the troll.  , WCH.  Princeton is within 10 miles of Trenton, Summit is within 10 miles of Newark, all of Bergen and most of Passaic County is within 10 miles of Paterson (the royalest shitholes to end all shitholes), etc.

That last sentence gave you away.

 

Wed, 08/22/2012 - 15:28 | 2728441 WorkingClassHero
WorkingClassHero's picture

haha wow what a clown you are. Summit is about 10 miles from Newark, and Princeton is about 10 miles from Trenton.  Maybe if I had said "stay out of the 8.927 mile radius" I couldv'e passed your troll test?  Harlem is less than 10 miles from central park west.  Whats your point?  Its the nature of densely populated areas.  And whats your problem with the last sentence?  You disagree that exposure to diversity encourages open-mindedness? All Im saying is that NJ is not nearly as bad as its reputation.

Wed, 08/22/2012 - 13:19 | 2727897 GeezerGeek
GeezerGeek's picture

Living in Florida, where one can drive over 800 miles and still be in the same state, I can say that it is not a far drive from Teaneck (HS class of '64) to Cape May. It's all relative.

My father was born and raised there and was in the fire department until retiring in 1964 with a great civil service pension. When he died in 1997 his pension income exceeded his highest earnings. Is that any way to run a state?

NJ is famous for governors. My favorite statement by one was from Brendan Byrne during the discussions about allowing casino gambling. When asked about organized crime infiltrating the casino business, he stated that he would keep mobsters out of New Jersey. Apparently he chose to ignore all those living in the state already. One in a line of clueless politicias I endured there.

 

Wed, 08/22/2012 - 10:08 | 2727068 yogibear
yogibear's picture

Push more unemployed onto welfare, free housing, cell phones and helth care and get those people off the unemployed stats. Obama can increase his voter base and Bernanke and the Fed can print to buy the debt to pay for it.

Printing your way to political utopia!!

 

Wed, 08/22/2012 - 10:12 | 2727089 q99x2
q99x2's picture

Buy something from China and help support a chinese nuke in your city today.

Ohhh those globalists got me hoppin mad this morning.

Wed, 08/22/2012 - 10:32 | 2727203 Freddie
Freddie's picture

.....help support a chinese nuke in your city today.

If it is in Camden, NJ, Philly, Newark and a few others in Jersey then you have my full support.

Wed, 08/22/2012 - 10:16 | 2727104 mirac
mirac's picture

Wonder how their pension funds are doing...

Wed, 08/22/2012 - 10:28 | 2727182 Freddie
Freddie's picture

Corzine has not looted them yet but the Dems and unions may have beaten him to the punch.

Wed, 08/22/2012 - 10:28 | 2727177 sessinpo
sessinpo's picture

It won't matter either way who is in power. Republicrat or Democan. When the economy is bad and you run out of money, you run out of money. The shithole of Camden laid off the majority of its City police and is now relying on mainly country officers. Deleveraging tsunami doesn't care which party you belong to.

Wed, 08/22/2012 - 13:06 | 2727859 redd_green
redd_green's picture

Bingo.  When the tax base starts to shrink, faster and faster, it makes not a bit of difference who's in charge, other than finding a dead horse to whip.   The reason Camden is in such awful shape is that there is no one with good enough jobs there to tax to pay for infrastructure.   That, unfortunately, is happening all over the country.

Wed, 08/22/2012 - 10:39 | 2727244 svc101
svc101's picture

Tyler,

Please update the chart to show the source.

Wed, 08/22/2012 - 10:44 | 2727260 Jake88
Jake88's picture

The candidates of both parties are approved and owned by the central bankers. Any appearance to the contrary is just part of the charade.

Wed, 08/22/2012 - 13:08 | 2727868 redd_green
redd_green's picture

I'd expand on that:   the centra bankers, the military industrial corporations, the big pharma, ...    The theme here is that politicians  in both parties are elected with mostly PAC and Lobby money.   The PAC's and Lobbyists control the elections, not us.

Wed, 08/22/2012 - 10:58 | 2727338 boiltherich
boiltherich's picture

The news here last night had a story about employment, seems the government is laying off on a scale never seen before.  More than 750 let go in the last couple months in this little county alone, mostly teachers, so they claim many of those will be rehired later depending on school enrollment.  They never used to "fire" teachers in the summer, why have they started now?

Wed, 08/22/2012 - 11:53 | 2727566 Cthonic
Cthonic's picture

Perhaps they cannot borrow any more?  Our local school board spends over 88% of its revenues on personnel and the remainder on facilities and interest expenses.  Now that the infrastructure is in place, no more borrowing for capital projects means that maintenance will likely grow as a percentage of those outlays.

Wed, 08/22/2012 - 11:29 | 2727456 Ricky Bobby
Ricky Bobby's picture

I was told by the amerikan presstitutes that we are looking at this all wrong. It would have been a 50,000 person job loss without the enlightened intervention of our central planners. So based on DC math they actually created 38,000 new jobs.

Wed, 08/22/2012 - 12:49 | 2727792 Shizzmoney
Shizzmoney's picture

LOL at the Seasonal Adjustment Photoshop....

http://www.alternet.org/temp-worker-nation-if-you-do-get-hired-it-might-...

Temp Worker Nation -- If You Do Get Hired, It Might Not Be for Long

These workers are often called the “precariat,” a combination of “precarious” and “proletariat,” because the traditional social safety nets for workers don’t cover them. They have no job security as they hustle from one gig to the next, and they often don’t know where their next job is coming from or when it will come. They very rarely get paid sick days or vacation. They don’t get paid extra for working overtime. They are usually not eligible for unemployment benefits. They generally have to pay both the worker’s and the employer’s share of Social Security taxes. They have to pay for their own health insurance, and Obamacare won’t change that. (Beginning in 2014, people will be able to buy private insurance at group rates, and lower-income and working-class people will get some subsidies to help them pay for it.)

They have few options if an employer cheats them out of their pay. If they are independent contractors, they do not have the right to form a labor union.

“Instability is going to be with us,” says Sara Horowitz, head of the New York-based Freelancers Union. “The truth is that we’re in a period of decline for workers.”

 

A "decline for workers".....under a "socialist" President. 

As Mel Allen would say, "How bout that?"

Wed, 08/22/2012 - 13:52 | 2728041 Me_Myself_and_I
Me_Myself_and_I's picture

So from the low point under W, the trend for New Jersey turned positive under Obama.

Or do we say from the low point under Corzine, the trend turned positive under Christie?

 

 

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