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Only 54% Of Young Adults In America Have A Job

Tyler Durden's picture




 

A month ago, Zero Hedge readers were stunned to learn that unemployment among Europe's young adults has exploded as a result of the European financial crisis, and peaking anywhere between 46% in the case of Greece all they way to 51% for Spain. Which makes us wonder what the reaction will be to the discovery that when it comes to young adults (18-24) in the US, the employment rate is just barely above half, or 54%, which just happens to be the lowest in 64 years, and 7% worse than when Obama took office promising a whole lot of change 3 years ago.

And while technically this means 46% are unemployed, or the same percentage as in Greece, the US ratio, which comes from Pew, shows the ratio as a % of the total population: a very sensitive topic now that every month we see another 250,000 drop off mysteriously from the total labor force. However, unlike those on the trailing age end, young adults by definition are the labor force in their age group demographic, so it would be difficult to explain away this horrendous number by claiming that ever more 24 year olds are retiring. Although, yes, we agree that some may be dropping out of the labor force in order to go to college, incidentally the locus of the latest credit bubble, where they meet a fate worse even than secular unemployment: they become debt slaves of the Federal System, with non-dischargable debt at that, which even assuming they can get a job would take ages to pay back!

But wait: there's more - of all age groups, this is the one that has actually seen its wages drop the most under the Obama administration.

So not only are they unemployed, young adults are at least poor.

Net result: double the change, zero the hope.

 

 

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Thu, 03/01/2012 - 02:39 | 2211504 Vic Vinegar
Vic Vinegar's picture

I was just a pimply-faced teenager at the time who had enough free cash flow to buy the book "Quotations from Speaker Newt". 

http://www.amazon.com/Quotations-Speaker-Newt-Republican-Revolution/dp/076110092X/ref=sr_1_1?ie=UTF8&qid=1330583398&sr=8-1

What can I say?  Neither Newt nor I were banging hot chicks at that time.  LOL

But one of his messages is still true today - we should abolish the federal minimum wage.  Now I don't have have enough passion so as to write a 3,500 word missive on the topic (unlike Denninger and his recent fantasies re: nuking the Middle East) but I still believe in it.

The minimum wage doesn't work in the age of globalization.  One may not like it, but it's true.

Thu, 03/01/2012 - 03:00 | 2211541 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Calllista is weird looking.

Thu, 03/01/2012 - 01:21 | 2211349 nah
nah's picture

THE CHINESE MADE ALL THE FANCY NICE SHIT ALLREADY

.

give it up

Thu, 03/01/2012 - 01:26 | 2211352 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Generation 25-35 is the ride or die generation.  Many were bred to just rollover.  Many learned to live by the sword.  Right now my most brilliant friend works the door at BDSM sex romps, while my cleverest grow pot and make more money than anyone I know.  I have dated Doctors and trust funders and we are all the same:  we just want to find happiness.

Yet this happiness, it has an image of Vietnam and WWII on the bow.  It has a card that says, "You deserve the world- good luck!"  We open the box and there is another note; it says, "Your present is right around the corner!"  We look around but can't see it.  And we are pretty pissed off that the more we search the bigger the room gets.

So we have gone out the door and we are turning over leaves; we are turning over rocks, and stumps.  We go into the burned forest and we look for clues, but find none.

Then there are those that never leave the room.  They live in the basement and are happy with the iPad/pod/whatever the fuck theye received last X-Mas.  They roll over and are happy that pops gets unemployment while mom gets herself ready to back into the workforce for the first time in a decade.

So in the meantime we watch sports, like we were taught to, we try and make the opposite sex happy, like we were taught to, but we have the fire and can't put it out.  Why can't we put it out?

Oh that's right; because the world is shit.  The world is built on shit, and history is chalked full of lies.  We would realize all of this if the Police State didn't have their boots on everyone's necks.  It would be easier if the Greatest Gen wasn't senile from TV and the Boomers grew a pair.  Yet here we are, stuck in the middle. 

When the world is bat shit crazy, what's a poor boy to do?

Thu, 03/01/2012 - 01:26 | 2211365 Caviar Emptor
Caviar Emptor's picture

The promised future that never arrived 

Thu, 03/01/2012 - 01:39 | 2211384 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Far beyond that.  The Boomers spoiled their own.  They had the brilliance to shut down the war machine, and then given the chance, they bought homes at high interest rates, did Coke, and continued the American Dream their parents were sold.  The Greatest, they were thrown into wars of Demon Nazis that were going to take over the world, then they came home to find their women didn't need to do the dishes because magical machines could do that.  Us?  This is the same old shit except we can gossip a hell of a lot faster than the past generations.  And that's it!  That's what we got.

The future, it didn't just not arrive.  It showed up mocking us.  It showed up and told us that we deserve the world, we stepped out the door, and we got bitch slapped.  We got bitch slapped across the face by those we trusted.  Obama bitch slapped almost everyone I know.  Shit, I was going to vote for the cocksucker, but he came off the campaign trail and wanted TARP.  So I woke up.  Thank you, Obama, you cocksucker, thanks for waking me up.

Other than shining light on the truth, boy, the world was darkened the last few decades. 

But this is how one can find importance; self importance and societal too.  Now we know we have been had.  Now we know the Game.  So now there are no more excusees.  Now if the young generation doesn't stand up it is the same as all before it.  The choice is now ours.  What will we do?

Thu, 03/01/2012 - 02:02 | 2211441 Caviar Emptor
Caviar Emptor's picture

Don't need to do much. Sooner or later events will sweep you up like the tide. There are changes coming

Thu, 03/01/2012 - 02:19 | 2211456 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Will these kids get swept to war?  Like their parents and their's before them?  Will it be an all for one thing where the Boomers lose their wealth and the Great Gen continue to eat cat food, so we all march on Washington? 

There is no out, other than that hot chicks get to wait tables and dance and clever dudes figure selling drugs will make money and get the hot chicks who dance, there is no out.  At this point bucking the trend would prove lunicious and the last thing anyone wants to do is go outside and howl, given the stereotypes of werewolves and shit.

Thu, 03/01/2012 - 02:28 | 2211494 newworldorder
newworldorder's picture

Lennon Hendrix;

Much of what you have writen resonates with me, as I know a number of people in your age group. Far be it from me to offer you specific advise, but I blieve that this is the direction your generation needs to take.

1. Understand that the current monetary system is corrupt.

2.  The political system has been captured by the 1% and it will not voluntarily change. The "occupy" movement did not resonate with the American people as most of them are oblivious to most things other than "sex drugs and fake political arguments."  Protests in the park are not going to, cut it.

3.You must find a vision of life and the way your generation wants to live and make it resonate with other generations. There are a lot of us "old foggies" who will support you. We however are not going to lead these movements for you. Our time has come and gone. Its your time - make the most of it.

4. Change will not come easily. Remember that most political change in the historical record, has not been evolutionary. 

Thu, 03/01/2012 - 03:11 | 2211547 Caviar Emptor
Caviar Emptor's picture

 The biggest harm that anyone can do to the current, corrupt system is to just focus on trying to make the world a better place. 

That alone will meet with strong opposition from TPTB because it threatens the very foundation of the current system of becoming a debt slave in the vain hope for self-fulfillment through the yuppie treasure hunt: aquiring trinkets used as status symbols for a sense of achievement, belonging, conforming, and expecting rewards from the master. Uncle Warren won't approve. 

Thu, 03/01/2012 - 12:15 | 2212850 VelvetHog
VelvetHog's picture

Waking I hear the birds singing and the breezes blowing.  The world doesn't give a shit.  Its only the malignant world of man that is a cesspool. Turn off the tube, the radio and the internet.

 

Get some land.  Shoot some food. Don't look back.

 

Thu, 03/01/2012 - 02:15 | 2211468 Harbanger
Harbanger's picture

As you grow wiser you realize all is vanity.

Thu, 03/01/2012 - 02:18 | 2211477 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Fuck everything. 

How's that?

Thu, 03/01/2012 - 02:47 | 2211523 Harbanger
Harbanger's picture

Fine by me.  I think Caviar was right.  Changes are coming and they are inevitable.  That can be a good thing for you in the bigger picture, it's a time of opportunity and advancement, there's nothing worse than apathy. You're right.  People will probably be swept into war again, like they have since time immemorial .  Why should this cycle be any different?  My Grandfather was poor and became wealthy after the war, I remember a WWII line " you'll never be rich you son of a bitch, you're in the army now.."  Not true if you survived.

Thu, 03/01/2012 - 02:52 | 2211535 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

So we agree about history, and you write it well.  The problem is, and this is important....the problem is we are working off of the reserve currency which is a dry tit; it is a dry tit and the only thing left to do is kill the cow.  We need to eat so we plan on eating the cow, and what then?  What is left?

The Great Gen gets their .025% savings, the Boomers get their 7% based of of the destruction of the fiat dollar, and the youngins get...iPads?  The capstone has a crack; how long should we stare at it?

Yes we need to do something.  Yes we need to march.  Will we?  Come on, you know how this goes....

Thu, 03/01/2012 - 04:27 | 2211627 Bay of Pigs
Bay of Pigs's picture

Wait a sec..........let me grab a freshy.  ;o)

Thu, 03/01/2012 - 08:01 | 2211779 memyselfiu
memyselfiu's picture

lol! freshy, haven't heard that in awhile

Thu, 03/01/2012 - 01:38 | 2211368 Yen Cross
Yen Cross's picture

 Spastica Rex ( Hendrix!

   Why in the Heck are you quitting? Now is the move into Europe!

Thu, 03/01/2012 - 01:42 | 2211392 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The Euro did just get lit.  Should I go long euros?

Thu, 03/01/2012 - 02:35 | 2211507 Yen Cross
Yen Cross's picture

  Quit playing ME!  !.2650 is your target.  >97 aud/usd ( Fair Value)

Thu, 03/01/2012 - 02:53 | 2211537 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I have a friend in Austalia and he says the broads are dumb.  Is that bullish?

Thu, 03/01/2012 - 02:57 | 2211539 Yen Cross
Yen Cross's picture

Quit posting, on those 747 LONG Reaches.  I like ya Mate!

Thu, 03/01/2012 - 01:34 | 2211380 HungrySeagull
HungrySeagull's picture

Makes very little difference.

I could not get a job. But learned to drive a truck.

Then I learned to live, starve, die, love and hate.

My life was not a job, but a journey.

Want work? be a temp. That way, you go home at midday when the work is done. Or go into Paving where you get to work hard in summer and sleep from Oct to April on Unemployment money.

Thu, 03/01/2012 - 01:41 | 2211385 Yen Cross
Yen Cross's picture

 A life for the collective, is my mantra. I'll give my life for My Family!

Thu, 03/01/2012 - 01:41 | 2211389 BluPoint
BluPoint's picture

I say they may not really want to work.  I just interviewed a 23 yr old and he tried to tell me how my next interview (whom he aslo knew), was better suited for the work.  He must have still has some weeks left on his 99 plan,

Thu, 03/01/2012 - 01:52 | 2211422 Vic Vinegar
Vic Vinegar's picture

I say Dr. Gonzo underappreciates the wisdom of teenage girls.

LOL at your existence 

Thu, 03/01/2012 - 12:07 | 2212810 VelvetHog
VelvetHog's picture

You came to that insight through a sample size of 1?

Thu, 03/01/2012 - 01:47 | 2211398 Dingleberry
Dingleberry's picture

A lot of them are working under the table, or living off their student loans. Remember, college is now a right of passage for these kids. Going into the workforce right out of college is not the trendy thing to do. Nor the acceptable thing, in many circles.  I don't blame these kids entirely. Yes, they are foolish (like we all were at that age), but we did not have the debt enticements nor psychotropic meds to deal with like they did. They are entirely too young to have had those wolves lurking around them at their age, with no one watching out for them.  There are few good entry-level jobs out of high school. Plus almost none of them come from traditional families which, like it or not, is better and more stable on a societal level. This is why facebook is such a brilliant phenomenon. Many do not know why it is truly so effective, esp. amongst the young. I learned in my marketing seminar (my organization used it to AWESOME effect).  It is because they value their peers far more than the strangers in their house they call "parents", since their parents are, by definition, failures in marriage and step-parents lack authority and respect.  So peers are the authority now. At least until they have to ask mom to move back in the basement.   

Thu, 03/01/2012 - 04:33 | 2211405 BlackholeDivestment
BlackholeDivestment's picture

...the market forces the beast into the street and the kids are all right, they are just so deceived they don't know that nobody should be working for Chairsatan, Rosemary's Baby and the Suicide Vampire Squid of the Great Wal Mart of China. 

 

If you are antichrist and you buy sell and trade the new world order black hole, this is the image of the fuel that feeds the flaming alter under your bed. Sleep in Hell ...bitchez, the Earth under you feet will burn this last generation along with the contempt of the dead. The mercy of our Father in Christ seals individuals and the last generation, which is standing on Earth right now. If you rejected mercy, you accepted the mark of the beast that cast the innocent child, the image of our Father in Christ, upon the market alter. Even the Zero Hedge claim of the biggest douche bag of the year depicts the same image of the young, but these children are not working, they are the children of the beast that cast them out of school, and their father is so deceived he is nashing his teeth in front of the Suicide Vampire Squid's Mirror, which is hanging inside the foul bird cage within the Big Apple. This father is no douche bag, he is a blind (given the prophetic strong delusion) maggot eating his own (image) children. http://bible.cc/mark/13-12.htm

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

Thu, 03/01/2012 - 01:49 | 2211414 eatthebanksters
eatthebanksters's picture

Another reason young people like Ron Paul!

Thu, 03/01/2012 - 01:59 | 2211435 Vic Vinegar
Vic Vinegar's picture

One reason - of many - that young people should like Ron Paul is that their tax dollars won't go towards paying your salary.

I take that back...Gentle Ben's purchase of UST's put food on your table this week.  

LOL

Thu, 03/01/2012 - 02:23 | 2211487 eatthebanksters
eatthebanksters's picture

are ou talking to me?

Thu, 03/01/2012 - 02:45 | 2211525 Vic Vinegar
Vic Vinegar's picture

No.  I realized how stupid it is.  I've moved on to watching Paris Hilton videos on youtube. 

http://www.youtube.com/watch?v=agPwc-orVOM

Thu, 03/01/2012 - 01:54 | 2211425 Yen Cross
Yen Cross's picture

 The YEN $ risk thing is still intact.

Thu, 03/01/2012 - 02:03 | 2211442 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Go on....

The FX charts are all fucked up in mine eyes.  The Europonzi leverages up and the euro pops?  The dollar looks weak after Bernankenstein's speech.  What did BS really say?   swear, all I know anymore is that the MANDATE of the Fed is to confuse the rational consumer.

Thu, 03/01/2012 - 02:03 | 2211444 AndrewCostello
AndrewCostello's picture

Let's keep it real here - not many American youth WANT jobs.  Everyday I see signs outside Burger Joints and Lawncare businesses asking for applicants - but they never get any.

Our Western kids are too busy borrowing money and spending it, just like they were taught too, by their baby boomer consumer parents.

 

Read:

http://www.amazon.com/Simple-Wealth-Mr-Andrew-Costello/dp/1463523017/ref

Thu, 03/01/2012 - 10:00 | 2212204 BeerBrewer09
BeerBrewer09's picture

A lot of the younger generation I work with might have a job, but simply call it quits after that. Nothing motivates them to achieve anything beyond mediocre. Very, very few want to succeed in their field or in life, they just want to squeek along, paying bills, thinking that everything will be all right. They're waiting around for a big break to come to them, not realizing the shrinking windows of opportunity as our economy dies a painful death.

A girl I work with drives 30 miles to work, in a V8 SUV, and complains about gas prices. I told her to get a more fuel efficient car, which she can't afford without her dad co-signing the loan. She also has to have heated seats for when she goes snowboarding. She makes about 24k a year. I'd wager she's at least 200k in debt after house, college, car, credit cards are accounted for.

flash forward: "WELCOME TO FEMA CAMP, YOUR DEBT GETS ERASED, BUT YOU'LL BE LOCKED IN A CAGE FOR LIFE!!!"

Thu, 03/01/2012 - 12:04 | 2212790 VelvetHog
VelvetHog's picture

You're not helping by telling her to get a new car.  Its cheaper to run the V8 until it dies.  101

Thu, 03/01/2012 - 12:17 | 2212864 vicorjh
vicorjh's picture

I have to disagree. They are getting piles of resumes but despite the hiring req. they simply never pull the trigger.

Why?

Nothing is good enough for them. They want the best but will not settle for someone perfectly capable. Red. Yellow. Green. But there is no category called Gold.

When you have a fast food restaurant looking for a line order cook while also demanding a college degree, this is a problem. I cannot see how anyone would think it isn't.

When you have a company that has hundreds of job openings but never get filled (2 years later), I guarantee it not the lack of applicants.
At the same time, the said company runs to congress with the following, "We cannot find a person to fill this position, and the H1B cap. has been filled. Please help us by increasing the cap." But, they forget to add, "...at the rate we want to pay".

Companies are not hiring qualified applicants. They are not willing to provide any training. They are not willing to pay at historical or at rates that are even close to reasonable.

Why do I think that?

I'm a consulting engineer with two decades of experience developing products for top companies. Worked hard with long hours. As a result, have been successful and have a great resume full of accomplishments. But now, I'm finding it difficult finding new opportunities.

I see these positions open. I get interviewed by someone who barely speaks English or has about two years of experience. And then... Rejected for not having enough of this or enough of that. Guess what, position is still open six months later.

They are not hiring. They are window shopping for the PH'd that'll work at minimum wage.

These "kids" are getting screwed. If, as you say, they are not looking it's because they've lost all of their confidence due to being rejected (for bull**** reasons).

By the way, before you say I should make my own opportunities, I did. C Corporation seven years. Government (or I should say large corporate competitors) has made it nearly impossible to grow. And if you're not growing then you're...

If you know anything about how SBIR really operates, you'll know what I mean.

Thu, 03/01/2012 - 16:33 | 2214193 dizzyfingers
dizzyfingers's picture

vicorjh: right you are, there's no sense in demanding degrees for office personnel and a lot of other jobs either but it's been going on for at least 5 decades, and only is getting worse because our population's getting bigger, legal and illegal. And a long time ago when people were losing facory and other industrial jobs right and left (thank you "environmental movement"--good bye manufacturing), there was talk about retraining (as if it would happen) but those people were permanently out of jobs, shunted aside and never paid any attention again. Younger cheaper people who had no experience were hired; because the inexperienced don't work out, many companies went to process control and jobs disappeared. Time marches on, and here we still are, at the same place.

Thu, 03/01/2012 - 02:04 | 2211445 Vic Vinegar
Vic Vinegar's picture

Who else here thinks Mark Crumpton has a few sex crimes in his past?

I ask b/c of the indifferent way he delivers the news.  Surely he is passionate about something.  

LOL

Thu, 03/01/2012 - 02:06 | 2211450 snblitz
snblitz's picture

Just for fun

Imagine that starting in the 1970s we pursued GE's dream of a nuclear America. Set aside your hatred of GE and imagine that any time in the last 30 years we built truckloads of Thorium based third or forth generation nuclear reactors. Energy would be plentiful and cheap. Oil would be $20 a barrel. We could have started this program 10 years ago. This is the route the French took and they are not all dead.

No middle east wars, no worries about $4+ gas, electric cars everywhere (maybe)  at $20 per barrel I can see us having stuck it out with gas for vehicles.  But still OPEC would be powerless and we would have saved all the money and the lives lost in all those wars (and the ones to come)

Maybe taking on a little risk in the nuclear power arena (you should familiarize yourself with modern designs) would offset all the death and destruction now and in the future.

Thu, 03/01/2012 - 02:27 | 2211492 eatthebanksters
eatthebanksters's picture

fission is bad news (and I am a conservative)...the byproduct from fission reactors is the most toxic substance ever known on our planet.  Even absent a disastrous event at a reactor site, the long term prospects for safe storage are fantasy.  I agree that it would be very cheap energy in the short run, but the long term costs would never be paid back in full.  

Thu, 03/01/2012 - 12:02 | 2212781 VelvetHog
VelvetHog's picture

He's talking Thorium.  Look it up (not with Google).

Thu, 03/01/2012 - 02:13 | 2211459 upb
upb's picture

ben bernacke will get them a job buying SLV puts!!!!   http://tinyurl.com/6u9reft

Thu, 03/01/2012 - 02:15 | 2211466 HankPaulson
HankPaulson's picture

Don't worry, the Fed is looking after employment.

Thu, 03/01/2012 - 02:17 | 2211474 PLove
PLove's picture

I wouldn't fret the numbers.

Once chemtrail nanoparticles, fluoridated waters, HAARP, cancer shots, riots, WWIII, and shit kick in, the unemployment be looking a lot better.

Thu, 03/01/2012 - 02:18 | 2211478 Yen Cross
Yen Cross's picture

L/H I'm sure this comment is redundant}}} Some of us traders [ Have Class ] <>.

Thu, 03/01/2012 - 03:26 | 2211560 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I fuckin' own you!

Get a fuckin' avatar for cryin' out loud!

Thu, 03/01/2012 - 02:28 | 2211493 mt paul
mt paul's picture

consumers

not....

Thu, 03/01/2012 - 02:32 | 2211501 Mike Cowan
Mike Cowan's picture

Without hope, we gone on in desire.

Thu, 03/01/2012 - 02:36 | 2211509 Yen Cross
Yen Cross's picture

  ? Feel the breeze?

   Truth

Thu, 03/01/2012 - 02:37 | 2211512 Spaceman Spiff
Spaceman Spiff's picture

The baby boomer generation put up so many barriers to entering the workforce.   Qualifications became a pale shadow of the competency it is supposed to reflect.   Hardwork does not always pay off now.   Professionals have to jump through a million hoops to just reach their job.  Many times, those hoops do not properly train the young'uns in the skills they need.   The legal profession is the epitomy of the fucked up nature of credentials, incredible supply (200 law schools) for little demand (jobs), bar passage rates where 30-50% fail (what was law school for and the 2k for study materials), and then if they are lucky to get a job they have to learn what to do.   

Medicine:   Ridiculous timeframe for obtaining the degrees, training, and credentials needed.   Supply does not meet demand (look at the growth of Nurse practioners to soak up the work)  The work hours are brutal during training because that is the 'right of passage.'   Residents are little more than indentured servants to pay for the bleeding heart free health care.  

Accountants:   Not too familiar with their training, but their cpa exam has ridiculous pass rates.

For those not skilled at studying, the manufacturing jobs are far and few between.   Good luck as a costco greeter.   We'll call you lazy fucks because the baby boom generation has no concept of what their inflative, welfare-state, free trade polices wrought on their kids and grandkids.  Pick yourself up by your boot straps, and shut up about basic living costs being beyond starting wages.

 

 

 

 

 

Thu, 03/01/2012 - 02:51 | 2211532 bgilliam83
bgilliam83's picture

Thank you, but it's much deeper than that.  The baby boomers dug the world a grave 6 feet deep many times over, its totally AMAZING to me that they take NO responsibility for this.  To not have any guilt whatsover.  These fuckers are like 80 years old and just gonna sit there with their dick in their hands while we have genocidal central bankers playing God?  Yeah fuck them, pussies.  They are gonna make someone give their life up thats actually worth giving if they dont grow a sack and it makes me want to puke.  Fuck you old fuckers already, you are the biggest losers ive ever run across.......

Thu, 03/01/2012 - 03:59 | 2211593 Spaceman Spiff
Spaceman Spiff's picture

I forgot to mention all the barriers they threw up just to start one's own business. It better not be at home, or HOA or zoning will destroy you. Want to put up a sign, my small town has 50-70 pages of rules. Want real pizza ovens, no can do, not green enough by state law. Don't follow the rules, their self righteous, bureaucratic minions will fine you out the ass. Might as well practice, Welcome to costco, I love you baby boomers.

Thu, 03/01/2012 - 08:53 | 2211892 dwdollar
dwdollar's picture

Welcome to Costco, let me bend over so you faggot baby boomers can fuck me in the ass.

Thu, 03/01/2012 - 10:59 | 2212458 Incubus
Incubus's picture

Ever work in the healthcare field?  These old ass fuckers can't go longer than 2 weeks without some sort of medical intervention.  Medicare keeps them alive and a good number of them don't even have a fucking clue where they are. 

 

Leeches.

Thu, 03/01/2012 - 02:48 | 2211530 MayerRothschild
MayerRothschild's picture

Won't stop till the out-sourced wages equals the wages here.

Easing into the 'Chinese Factory' lifestyle....

Thu, 03/01/2012 - 03:10 | 2211549 Caviar Emptor
Caviar Emptor's picture

That is precisely why it's checkmate for the current monetary system. Can't deflate wages while inflating cost of living at the same time. Developing economies can have low wages because life is so cheap and needs are so humble. Can't even live that way if you wanted to in the developed world when cost of eating or going to work is more than your pay

Thu, 03/01/2012 - 03:42 | 2211569 bgilliam83
bgilliam83's picture

HOLY COW, did you miss the last 2-3 years man?  Cryogenically frozen with Hans Solo perhaps?  You could not move to Albania and exorcise the bernankster, at this moment.  Do you smoke crack or just stupid?  This is gonna be the biggest crash in the history of EARTH fool, not just america......Monetary system, ponzi scheme, I do not give a fuck.  This will not be the oregon trail, so you idiots sitting on leverage with PM better recognize right now.

Thu, 03/01/2012 - 03:58 | 2211596 ffart
ffart's picture

I don't know. Cut the nominal tax rate down to 10-15% and abolish the fucking sick and corrupt corrupt healthcare and education cartels and everyone would be able to live on a lot less.

Thu, 03/01/2012 - 03:10 | 2211550 Yen Cross
Yen Cross's picture

 I am wondering WHY I get Junked for answering to ROBO? I can feel the wind blowing.

  Don't Fuck with me you ass holes.

Thu, 03/01/2012 - 03:13 | 2211552 Yen Cross
Yen Cross's picture

 Hey Vic Vinigar? Let's Dance!

                                                 Ahhh You ?

Thu, 03/01/2012 - 03:49 | 2211574 Yen Cross
Yen Cross's picture

SHORT the Crosses. I Remember the First Jag, I bought.

  You Butt Heads need( to learn( to read a chart. Patients.

    Then again I bought that property!

Thu, 03/01/2012 - 03:50 | 2211583 Yen Cross
Yen Cross's picture

You are a Pussy! PLUS %5

Thu, 03/01/2012 - 03:50 | 2211584 lolmao500
lolmao500's picture

Like Obama cares, they don't vote.

Thu, 03/01/2012 - 03:52 | 2211589 Yen Cross
Yen Cross's picture

 THE WHimps always show up! I stated the pull Bac k!

   Jeese you people are PUSSIES!

Thu, 03/01/2012 - 03:55 | 2211592 Yen Cross
Yen Cross's picture

I owned My first Ferrari 308Gtsi  in my early 20's!

Thu, 03/01/2012 - 04:05 | 2211606 Yen Cross
Yen Cross's picture

It's all about how you make it HAPPEN! Racing ca`rs and Flying Planes!

Thu, 03/01/2012 - 04:31 | 2211628 Yen Cross
Yen Cross's picture

MacD says this risk reward is 2/1 ass humper! Pussies abound!

 I could have taken profit already. I'm looking DEEPER!

Thu, 03/01/2012 - 04:40 | 2211643 Yen Cross
Yen Cross's picture

Don't buy anything. I'll tell ya when to sell.

   I stay up allll night

Thu, 03/01/2012 - 04:45 | 2211645 Yen Cross
Yen Cross's picture

GBP/USD is the Primary. Weare looking at the post (H-1) highs? Look at the decending curve?

  P`ersonally I'm short. ( NOW(

Thu, 03/01/2012 - 04:46 | 2211646 Yen Cross
Yen Cross's picture

 This Shit is Trivial! ASIA!

Thu, 03/01/2012 - 04:58 | 2211655 cnhedge
cnhedge's picture

whether obama can win again totally depend on the unemployment.

http://www.jinrongbaike.com/
http://www.cnhedge.com/

Thu, 03/01/2012 - 07:11 | 2211728 TooRichtoCare
TooRichtoCare's picture

If Republicans could only somehow ditch the kooky evangelicals and all the religious right nutjobs who have hijacked the party for their own agenda, then maybe there'd be a chance to get rid of Obama....  But, as it stands, no matter how much sense the fiscal prudence message makes, no matter how articulate the economic message is about cutting spending and cutting borrowing, no matter how strong the message against Euro-style Socialism is, it ALL gets drowned out by the social issues surrounding religion, abortion, gay rights, etc.  As soon as you say ONE single thing about not wanting to expose your 5 yr old child to lessons about same-sex marriage on the grounds that you think FIVE is a little too young to be exposed to concepts like anal sex and debates about swallowing or spitting, you immediately get tarred and feathered as a right wing bigot.  The second you mention that it is YOUR personal belief that sticking a knitting needle into a 2-month old unborn baby doesn't quite seem right, you immediately lose the right to be heard on any issues regarding fiscal responsibility.  As soon as you mention that you think healthcare is a great idea but a costly one and one which we can't really afford BECAUSE WE'RE BANKRUPT, then you're immediately branded as a seal-clubbing Wall Street rich bastard.

Basically, if you could get a gay Republican who was a draft-dodging, pot-smoking, UC-Berkeley educated, who was raised by a lesbian couple, then maybe his fiscally responsible message would actually carry some weight and gain some traction.  As it stands, people are blinded by Obama's fancy oratory skills, much like they were blinded by Clinton's, and can't see the reality of the gross mismanagment right under their noses.  

And yet, it's funny how the Dems insist on taking the high moral ground and present themselves as the smart ones...meanwhile all the REAL americans who have solid values concerning self-determination and living within your means etc get dismissed as being trailer trash ignorant & uneducated nascar hicks who live in fly-over states.

Thu, 03/01/2012 - 07:30 | 2211747 nodhannum
nodhannum's picture

 

"it's funny how the Dems insist on taking the high moral ground"...

The genius behind the maserati marxists in the democrat party is that they don't claim to have any morals, whatsoever, hence, they can never be accused of violating anything.  Everything is "ok" with the possible exceptions being cutting down a tree or shopping at a non "organic" store.  I'm surprised that they didn't arrange to have John Edwards awarded the Nobel Prize for lying.

 

Thu, 03/01/2012 - 11:54 | 2212749 VelvetHog
VelvetHog's picture

By GOP you mean the party of smaller government, right?  LMAO.  All values are "solid" as long as they are the same "values" that you hold, right?

 

The line for your 10am shearing is over there. 

 

 

Thu, 03/01/2012 - 07:23 | 2211740 silvertrain
silvertrain's picture

its not going to hurt BO..Those young people dont want to work anyway, and as long as they keep getting free shit while living in moms basement all is well..Now take away xbox Live and then he will have a problem..

Thu, 03/01/2012 - 08:10 | 2211787 covert
covert's picture

don't  believe in hope or change, just go for the gold.

http://expose2.wordpress.com

 

Thu, 03/01/2012 - 07:39 | 2211753 CharlesH
Thu, 03/01/2012 - 07:49 | 2211769 j0nx
j0nx's picture

And the other 46% who actually want a job can thank their local illegal aliens and government for the fact that they don't have one. Anyone who pushes this DREAM act bullshit in the middle of a depression should be brought up on charges of high treason.

Thu, 03/01/2012 - 07:56 | 2211774 CharlesH
CharlesH's picture

The problem is that the "system" has been compromized a long time ago.

You and me can do nothing about it, refering to the system.

there are other groups and people who will create a new paradigm.

Just wait and see :)

Thu, 03/01/2012 - 08:10 | 2211788 waterdude
waterdude's picture

Stunned to learn about EU jobless rate? Only if you don't have access to a screen,phone or newspaper.

Thu, 03/01/2012 - 08:19 | 2211796 alexwest
alexwest's picture

how many times do I need to bring up simple non-adjusted truth here..?

THERE ARE 110+ MLN PRIVATE JOBS HERE AND 45+ MLN ADULTS ON FOOD STAMPS..

being on food stamp means that person is not working or working on minimal or sub-minimal paying job..

THUS IN BROADEST SENSE REAL LIFE UNEMPLOYMENT RATE IS ABOUT 30% FOR AVERAGE ADULT HERE... that sucks

alx

Thu, 03/01/2012 - 08:54 | 2211895 somethingelse
somethingelse's picture

I guess these youths did not realize that "Yes We Can" was the answer to the question: "Can we stay unemployed throughout the next four years?"

Thu, 03/01/2012 - 08:54 | 2211896 somethingelse
somethingelse's picture

I guess these youths did not realize that "Yes We Can" was the answer to the question: "Can we stay unemployed throughout the next four years?"

Thu, 03/01/2012 - 09:40 | 2212112 bugs_
bugs_'s picture

the numbers should improve as the borders gradually close and the sanctuary cities bankrupt themselves

Thu, 03/01/2012 - 10:22 | 2212297 bandit
bandit's picture

46% are all in with the moocher class - they don't work and you have to pay for their birth control

Thu, 03/01/2012 - 14:29 | 2213453 reTARD
reTARD's picture

Who needs jobs when the government will provide? The subjects or serfs are happy as long as they are called "citizens." Carry on.

Sat, 03/03/2012 - 01:04 | 2219188 q5251355
q5251355's picture

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Sat, 03/03/2012 - 11:41 | 2219588 gellero
gellero's picture

whenever my Democrat friends would say "we're the only indistrialized country without"....... I would say "what about the high unemployment" and taxes.......and they were ALWAYS clueless !!

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