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People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981

Tyler Durden's picture





 

it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to
88,419,000.  This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.

Labor force participation Rate:

People not in labor force:


 


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Fri, 05/04/2012 - 08:41 | Link to Comment Gully Foyle
Gully Foyle's picture

http://theeconomiccollapseblog.com/archives/there-are-100-million-workin...

There Are 100 Million Working Age Americans That Do Not Have Jobs
Fri, 05/04/2012 - 08:48 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

They don't count.....literally.

 

Coming soon......unemployment rate 3.0%

 

Fri, 05/04/2012 - 08:49 | Link to Comment Harlequin001
Harlequin001's picture

Is that 88 million non workers?

Wow...

Who's paying for them then?

and what happens when the endless free money runs out?

Fri, 05/04/2012 - 09:08 | Link to Comment Shocker
Shocker's picture

No matter what you think, you can not argue with a chart like that at all.

Its absolutely, wow when you look at it.

Sad to see like the article says...Numbers weak, we all know that - http://www.dailyjobcuts.com

Fri, 05/04/2012 - 10:01 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Interesting.

Now the comparative years are startng to slide back. All comparisons were to 2005 and 2000 and 1995.....suddenly, we are in 1981 territory?

At this rate of reverse acceleration, we should be at war shortly and then back in the warm arms of Great Depression comparisons within a few weeks?

What goes up must come down...nah, that's old ways of thinking.... new math, new rules don't allow for such logic.

What is pushed up can be kept up is the new mantra.

ori

 

Fri, 05/04/2012 - 09:39 | Link to Comment knukles
knukles's picture

Dateline Chicago, May 4, 2012

 

     CNBS Marginalizes Santelli
    Guilty of Conspiracy Theories

On Squawk Box today, a hoot of hoots to tune into during government manufactured synthetic misleading economic data releases, Rick Santelli, the only sane person on the program commented that between a whole butt load of adjustments, adjustments to adjustments and finagled data, the labor release today was best viewed as "propaganda."
Immediately thereafter, Daine Swonk, chief bone rattler, tarot card reader, sooth sayer and still pretty good damned good looking for a quick bj in the parking garage (which should roundly be adjudged as a compliment at her age) clumsily interjected during Santelli's attempt to insert a moment of sanity into an otherwise random noise generator clusterfuck of useless and clearly identifiable "everything's coming up roses government horseshit and shill misinformation" comments, told Santelli that these are not "conspiracy numbers."  That was the first use of the term "conspiracy" during the entire blubbering miasma sad excuse for a morning fact based news cast.
Clearly, the truth brigade in the persona of Santelli is rattling far too many cages and needs to be marginalized via the standard Bernaysian discredit and divert methodologies exemplified by accusing Santelli and others of his ilk as "Conspiracists"
This phenomenon is akin to the recent official "World Wide Web" (What crap, try logging onto Google Germany, for example... no can do!) information manipulation taking place with respect to Sinclair News reference;

http://sinclairnews.net/

as well as increasing instances of odd (as in WTF? and why even bother) disappearances of tin foil hat web sites, ref.,

http://et2012.blogspot.com/

people are being left wondering aloud why powers are trying to manipulate thier very thoughts to such a degree and done in so sloppily a manner, to boot.
So, tune in tonight to "Exsingunation in the Death Star Camps" and "Dancing with My Penis, a Year's worth of Sex in a Moments", "Size Is All That Matters" followed by "Getchur Brazilian Butt to Fuck" and enjoy, Sheeples.

Fri, 05/04/2012 - 09:44 | Link to Comment smb12321
smb12321's picture

I LOVE Santelli, his passion and no-BS stance.  He performs two jobs admirably - inform us of current bond news and warn us of the mounting fiscal cliff. Santelli for President!

Fri, 05/04/2012 - 09:54 | Link to Comment Roy T
Roy T's picture

All true, but you failed to mention when Steve LIEsman called Rick a hypocrite

Fri, 05/04/2012 - 10:02 | Link to Comment New_Meat
New_Meat's picture

So you and Gully are the two designated viewers today?

- Ned

Fri, 05/04/2012 - 11:18 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

I'm thinking about starting a riot-control company.  I expect huge unruly crowds of applicants.

Fri, 05/04/2012 - 19:28 | Link to Comment smiler03
smiler03's picture

It is information like this from ZH that makes me think that the US BLS statistics are the most ridiculous fraud going.

Europe, in particular Spain, might have horrendous unemployment statistics but I have a great deal more faith in European Government statistics than the

US Bullshit Lieing Statistics.

Unbelievable crap. 

Fri, 05/04/2012 - 10:08 | Link to Comment BrotherBroGo1
BrotherBroGo1's picture

Sadly, as a life-long Illinois resident I can echo Rick's founded frustrations as well as insight.  Illinois is the new ground zero.

Fri, 05/04/2012 - 11:15 | Link to Comment eatthebanksters
eatthebanksters's picture

Barry says,"Trust me."

 

Fri, 05/04/2012 - 08:56 | Link to Comment Gully Foyle
Gully Foyle's picture

Harlequin001

"and what happens when the endless free money runs out?"

Here is your answer.

http://www.ericvalli.com/index.php?/stories/off-the-grid/

Off the Grid
There are growing number of people
who have decided to live light on the earth
to not be a part of problem anymore
I spent the last few years with four of them
striving for harmony with nature
in the most pristine corners of United States.

http://www.ericvalli.com/files/gimgs/7_evotg17.png

http://www.ericvalli.com/files/gimgs/7_evotg16.png

 

And here is Julia when after a Romney victory.

http://www.ericvalli.com/files/gimgs/7_evotg11.png

Fri, 05/04/2012 - 09:26 | Link to Comment LaLiLuLeLo
LaLiLuLeLo's picture

Living off the grid doesn't mean roaming around Mt. Shasta and returning back to 5000 BC

Fri, 05/04/2012 - 09:28 | Link to Comment Gully Foyle
Gully Foyle's picture

LaLiLuLeLo

DUDE! SSSSHHHHH!

You will upset the OWS Hipsters Paleolithic dieters and receive massive down votes.

Fri, 05/04/2012 - 09:47 | Link to Comment smb12321
smb12321's picture

I guarantee that all those yearning for a societal breakdown, to grow their own food, make their own clothes (don't ask about medicines and the like) have never done any of these things.  The demise of specialization is the demise of modern civilization.  If we all have to know how to fish, make clothes from skins, grow food, work an anvil - how are we better off than serfs?

Fri, 05/04/2012 - 09:54 | Link to Comment Gully Foyle
Gully Foyle's picture

smb12321

True dat. I'm not seeing the great embrace of the Amish lifestyle or the rise of Christian Science.

What I do see is a bunch of doofuses going to renniasance fairs and thinking how cool it is to run around in armor.

Then they return home and stop by the seven eleven for a slurpy and gas on dads CITI card.

Fri, 05/04/2012 - 10:07 | Link to Comment Almost Solvent
Almost Solvent's picture

Slurpee - about 10 empty (but deelishious) calories per OZ.

 

Make sure to get that 64 OZ mega Slurpee - approx. 640 calories.

 

Yummy in my fatty tummy.

http://www.slurpee.com/

 

Fri, 05/04/2012 - 10:10 | Link to Comment crawldaddy
crawldaddy's picture

 I agree, I laugh at some people's notions of what is coming.  They think it's thunderdome or something.  I simply tell people, you want to see what the US will look like in 40 years, go to Mexico city.

 

I mean look at what we did to Iraq, even then its not " amish meet medevial knights".  Its just called third world conditions, not unlike scenes you can see in parts of every american city

Fri, 05/04/2012 - 11:13 | Link to Comment Chump
Chump's picture

I agree to a certain extent, but you have to keep in mind the initial, massive differences in standards of living between, for example, the United States and Iraq.  I don't think Iraq has nearly the number of anesthetized, overweight simpletons who rely on a fully functioning supply chain to keep their grocery store shelves stocked with processed foodstuffs.  When the U.S. crashes to say, the level of Mexico City, we are falling a much larger distance, and the reactions of those who went from facing "how do I record American Idol and Dancing with the Stars and still get to watch The Bachelor" to facing "how do I feed myself and find potable water" is likely to be...violent...to say the least.

I don't think we're facing Mad Max over the long-term, but in the short-term I would plan on being as far away from urban centers as you can possibly get.  My two cents, adjusted for inflation.

Fri, 05/04/2012 - 19:32 | Link to Comment smiler03
smiler03's picture

+1 Chump as usual. I have to be careful though, your avatar is an automatic -1 if I'm not careful.

Sat, 05/05/2012 - 20:39 | Link to Comment Chump
Chump's picture

Ha!  And yours is an automatic +1 because it reminds me of:

http://www.youtube.com/watch?v=SKm5xQyD2vE

Fri, 05/04/2012 - 11:42 | Link to Comment DaveA
DaveA's picture

Are you better off not knowing how to fish, grow food, etc.? Because tens of millions of Americans don't know how to do anything but swipe an EBT card, and they'll be at room temperature soon after the dollar collapses. I'd rather be a serf.

Fri, 05/04/2012 - 12:42 | Link to Comment Cathartes Aura
Cathartes Aura's picture

while I am far from being a posing paleo-type like those (hilarious) pictures portray - sorry, but would those kids even exist without a camera? - I do make most of my own clothes (because I like to upcycle textiles & fibers), grow most of my own food, have for years, and use alternatives to pharma-meds, including herbs grown by myself and others. . .

don't do it for the cameras, tho' photos exist - but merely because it's part of living creatively. . . not everyone is plugged into the majority.

Fri, 05/04/2012 - 09:01 | Link to Comment Stuart
Stuart's picture

it can't run out.  tht's the condundrum we're in.  If it does it all collapses.  Mad Max shit.  Buy gold and shares of good gold companies. 

Fri, 05/04/2012 - 09:11 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Yup. Mad Max was popular in 1981. 

We're nearly back to the state of failed, apopletic economy. Without China acting as deflationary force there's no more rabbits left to pull out of a hat. 

Fri, 05/04/2012 - 09:25 | Link to Comment RoadKill
RoadKill's picture

You hit it on the head.

People dont realize we were able to print so much in the last decade because we imported deflation by increasing the % of stuff made in China.

Now the difference in cost is getting smaller and we cant import much more. Inflation this decade will be VERY different then last. Eiather we have to go back to 1970s levels OR we stop printing and go the Europe route.

Fri, 05/04/2012 - 09:48 | Link to Comment hedgeless_horseman
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WAL*MART

We Sell Sold For Less

Fri, 05/04/2012 - 10:03 | Link to Comment Shizzmoney
Shizzmoney's picture

Good article on China and US Trade relations:

"The High Cost of Our Addiction to China":

http://t.co/v0Q3cGOj

Fri, 05/04/2012 - 09:11 | Link to Comment harleyjohn45
harleyjohn45's picture

Not companies, if you don't hold it, you don't own it.

Fri, 05/04/2012 - 09:20 | Link to Comment NEOSERF
NEOSERF's picture

Agreed...this is the box the Fed has backed itself into.  Great chart yesterday somewhere here that showed the camel humps of the last thirty years where the humps were the tech bubble and the Fed-induced housing bubble...we are currently on the third hump which is clearly Fed-induced heroin to try to goose growth that NEVER WAS THERE...there is no growth rate...the internet is a destructive force as much as it is creative. 

Fri, 05/04/2012 - 09:38 | Link to Comment 11b40
11b40's picture

More destructive, actually.....dramaticaly accelerating the pace of machine over man.  Machines will beat vast majority of men, most of whom do not even understand them.  The uber-creative and uber-connected are creating a world with no place for "average", and certainly not for "worthless eaters".

The stage is rapidly being set for a big, ugly bang.  Technology will either save us, or kill us, and not one person on earth knows which it will ultimately be.

Fri, 05/04/2012 - 09:56 | Link to Comment smb12321
smb12321's picture

I am convinced technology os the solution. We're not going to solve the energy mess by using less toilet paper, recycling bottles or freezing in the winter.  Major technical breakthroughs will do the trick. 

Almost every technological advance has been greeted with the same cries of "there will be no more work."   What about those who raised horses, or teachers competing with computers or how will butchers stay in business if regular stores sell meat.  Currently, folks in the publishing and CD industry are asking what they are going to do. There is always a rough patch before the technology is adopted and the next plateau is reached. 

Fri, 05/04/2012 - 10:13 | Link to Comment crawldaddy
crawldaddy's picture

umm, if we switch over to a new energy source, there will be PLENTY of work. Switching over a grid and/or creating the infrastructure to deliver the new source will be a great source of new jobs.

Fri, 05/04/2012 - 11:11 | Link to Comment ElvisDog
ElvisDog's picture

technology does not create energy. Technology may allow the exploitation of an energy source, but the energy source has to have existed already. What energy sources are there that have not already been exploited by man? You need something that will either burn or radiate basically (wind, hydropower, geothermal, tidal have already been exploited). The only untapped energy sources I can think of are some kind of fusion nuclear reactor or possibly thorium-based nuclear reactors. That's about it.

Fri, 05/04/2012 - 21:15 | Link to Comment sof_hannibal
sof_hannibal's picture

For instance, they can make water out of dirt by splitting a few atoms... unlimited energy is totally pretty much here; just run out of oil (not therethe yet) and watch how quick they pull a rabbit out of a hat.... we arent that desparate yet

Fri, 05/04/2012 - 10:07 | Link to Comment sof_hannibal
sof_hannibal's picture

11b, plus one, short and sweet. If history tells us anything, it is that regardless of whatever economic cycle, progress is generally forwad... the sum total of it. I think things will get much worse (over the nxt decade), then likely better. Technology will play a big role; however, i think there's going to be a collective change in our thougt process from exploitation to sustainment, and we can't go on either by paying for the jobless or ignoring them, while at the sametime eliminating worthwhile careers/ employment-- except for a very exceptional few.

Human being essential need two things 1) relationships/ love/ closeness/ social connectedness/ friends -and- 2) worthwhile work/ employment/ job/ something to do.

Exploitation leads to the destruction of both human needs. And techolonogy will be a key factor in building sustainment; but there has to be a shift in thinking away from capitalism vs socialism vs no gov. Vs oligarh control of gov. Via corporate socialism into a system that makes sense-- that leets people contribute/ participate, while eliminating the free lunches.

Fri, 05/04/2012 - 10:14 | Link to Comment crawldaddy
crawldaddy's picture

history tells us no such thing. The moors had 95% literacy , wipeout replaced with an illiterate society for centuries.  But one example.

Fri, 05/04/2012 - 10:54 | Link to Comment 11b40
11b40's picture

@Crawdaddy & Hannibal....as I said, all 'to be decided'.  We are standing at a watershed moment in history, and no one knows which side we will fall on. 

If it starts going bad, it can become REALLY bad in a hurry....thanks to technology.  And I am not even talking about our highly destructive weapons.  Can you say 'just in time supply chain'?  Five minutes of serious thought on that simple subject is enough to scare the bejesus out of anyone with a brain.

I do totally agree on the destructive issue of exploitation and humanity.  For decades now, I have been challenging the assumptions about our technology based service economy.  I know there is no stopping progress, but we have been channeling it all wrong.  We stood by like simpletons as our manufacturing base was siphoned off to the 3rd world and accepted the promise of "re-training" and a brave new world of technology based jobs.  Meanwhile, the number of high school drop-outs was busy increasing, and is now an ocean of unskilled, unlearned, under-productive labor desperate for jobs that no longer exist.  I worked my way through college in a variety of textile mill jobs.  I could learn every one of them in a day or two, tops, and there were plenty around if I wanted to move on.  As society becomes more complex, we are producing more people incapable of keeping up, and our leadership can't be bothered to even address the root causes.

Independent Contractor

 

Fri, 05/04/2012 - 20:59 | Link to Comment sof_hannibal
sof_hannibal's picture

This is why i like zh, plus one; smart post bud... made me think just when i thought i had it all figured out! I appreciate your thought process

Fri, 05/04/2012 - 21:10 | Link to Comment sof_hannibal
sof_hannibal's picture

One word = antibotics, now get back to the black plague and throwing your shit out of the wibdow... bring out your deads... you are fucking clueless

Fri, 05/04/2012 - 14:45 | Link to Comment dugorama
dugorama's picture

history teaches us that there is only forward progress?

- explain that to Eqyptians, Iraqis, etc.

- remind me how things went in Rome from 600 AD to, say, 1400

- why were the dark ages called that?

- are the maya or the inca better off today than 750 years ago?

- where are the Anaszai?

- China from 1800 to 2000 had a distinct negative slope

- How about Greece from last year to this?

Argentina?

etc etc etc.

don't kid yourself

Fri, 05/04/2012 - 21:06 | Link to Comment sof_hannibal
sof_hannibal's picture

So you would rather have been born 150 years ago when i would bleed out your infection to get ride of the bad spirits... please... yes the sum total indicates progress has been forward... one word penicillin..
Goigle it... or don't as easy access to informarion isnt progress to you. So go to the library and find a book with the card catalogs... you are blind to the obvious... throw out your smart phone, start smoking cigs, and drive your 63 caddie fleetwood to tbe drive in, while you knock out your resume on the rype wtiter... please

Fri, 05/04/2012 - 09:09 | Link to Comment disabledvet
disabledvet's picture

"keep that commie party in China afloat!"

Fri, 05/04/2012 - 09:09 | Link to Comment Lil Ms.Homesteader
Lil Ms.Homesteader's picture

Yes, 88 million non-workers are out of the workforce. And what endless free money are you speaking of? I have been 'officially' unemployed since 2008, and I can assure you that there is no free money, and no one is paying me to do a damn thing. I'm sure you could check with all of the other 87.9 million non-workers, but I'm certain they're not getting any of this free money you speak of. It's called a life changing experience, one in which you have to change your life in order to survive.

Fri, 05/04/2012 - 09:17 | Link to Comment Spastica Rex
Spastica Rex's picture

I'm with you. Never thought my life we be like this. 46, two degress, 23 years stable work history.

Fri, 05/04/2012 - 09:22 | Link to Comment Lil Ms.Homesteader
Lil Ms.Homesteader's picture

I never did either. 49, two degrees, over 30 years of experience in the hospitality industry, and here I am in Kansas, learning how to farm. What a long strange trip it's been!

Fri, 05/04/2012 - 09:34 | Link to Comment Gully Foyle
Gully Foyle's picture

Lil Ms.Homesteader

As a business or for yourself?

I'm not sure there is an upside to small farming as a business anymore.

I've considered it and looked at a number of properties with everything from Blueberries to Dairy. I see the losses as potentially devestating.

On the other hand I have considered owning the land and renting it out at on either a share basis or straight rent.

Leaving me with more than enough room for a large garden.


Fri, 05/04/2012 - 09:52 | Link to Comment Lil Ms.Homesteader
Lil Ms.Homesteader's picture

Gully

One has to adapt to the current conditions, and I don't believe there is a one size fits all answer. Much depends on skills, geographical location, resources, and the willingness to accept life as it really is, as opposed to life like we want it to be. As far as a business is concerned, that's not really an option these days, at least for me. Self-sufficiency is the goal, being less dependent on the system. It's not easy but it's necessary.

Fri, 05/04/2012 - 10:02 | Link to Comment Harlequin001
Harlequin001's picture

You're not going to like this buy I'm referring to the free money the Fed prints to keep the system rolling.

But I'm sure you've worked that out already...

Fri, 05/04/2012 - 10:09 | Link to Comment Lil Ms.Homesteader
Lil Ms.Homesteader's picture

Is it different money? I don't think so, it's the same whether you collect it through unemployment, disability, food stamps, etc. It's all the same and it's all BS. It's enslavement to a dying system, regardless of the methods one utilizes.

Fri, 05/04/2012 - 10:03 | Link to Comment Gully Foyle
Gully Foyle's picture

Lil Ms.Homesteader

My theory is property needs to pay for itself.

Supplying enough food for a family allows that money saved to be channeled back into property tax and utilities and whatevers.

Obviously the more profit which can come from the land, the greater it pays for itself.

I envision the perfect property as a mix of fields and forest. Forest gives back timber for the woodstove, and the fields can be rented for farming/haying/grazing.

I talked to a local guy who rents to farm potatoes. Previoulsy he had been a diary farmer and lost the farm.

He also welds on the side.

I've seen some farms where the house is rented, the fields are rented and the barns are rented. Three streams of income.

It's the difference from seeing the value in the house vs the value of the land.

The only down side is many farmers never maintain upkeep on their homes.


Fri, 05/04/2012 - 10:18 | Link to Comment crawldaddy
crawldaddy's picture

from a tax assessing perspective, Land value can and often is of more value than any structure, especially when speaking of farmland.  The land is where the value is. Housing may be tanking, good farm land will continue to appreciate however.

Sun, 05/13/2012 - 12:58 | Link to Comment Silver Bug
Silver Bug's picture

The amount of underemployed is absolutely staggering.

 

Charms and Beads

Fri, 05/04/2012 - 10:26 | Link to Comment Lil Ms.Homesteader
Lil Ms.Homesteader's picture

Gully, I get it and I agree that there are many options. Fortunately, I live in a house that's paid for (other than the ransom for property taxes), and my lover still has his job as a tool & die guy. We have about 20 acres with woods and our own water supply, where we raise chickens and plant several gardens. We've downsized our life-got rid of cable, cell phones, going out to Chilis or Applebees or Starbucks. I bake bread, make soap, shampoos, garden, clean chicken coops, grow potatos, fish, fix the plumbing, etc. Every situation is unique, different, and ours is probably more homesteading than actual farming.

Fri, 05/04/2012 - 12:55 | Link to Comment Cathartes Aura
Cathartes Aura's picture

Gully, if you're in a position to "buy" land, you might consider letting others work it for you, as in, let a few trusted, vetted people with the desire and energy to grow food, build greenhouses, tend chickens and goats, etc. - if you lived on the land or nearby, you'd have your necessities provided for, and you'd be giving others the opportunity to realise their goals as well. . .

think of it as a form of "share-cropping" - there are plenty of people out there who would love the chance to work land, but are seeing the chance of acquisition recede in this current economy - think outside the box time!

peace.

Fri, 05/04/2012 - 10:21 | Link to Comment 11b40
11b40's picture

There are untold numbers of us trying to recover from the shocks of the past 4 years, which in truth started several decades ago.

I could have walked away in 2008 at 60 and retired with enough to live moderately well the rest of my days.  Instead, I plowed a lifetime of savings back into re-building my 30 year old business.  After all, I had been through many ups & downs over the years, even flirting with bankruptcy twice in the early days.  2008 was a temporary set-back, right?  When things actually got worse in 2009, and I had to get serious about cutting overhead, I figured that surely 2010 would see a positive bounce.  No such luck....and it is often not so quick and easy to cut overhead as you might think.  Little things like leases tend to get in the way, and virtually all actions seem to come with an expense factor attached.

But what do you do when you are in your 60's, with no desire to slow down, in good health, and few interests outside of work?  Start a new career?  Yeah, right.

I hit the bottom sometime in late 2010, and 2011 was the year the trend line changed.  I can't even begin to describe the amount of change and hustle we have been through.  2012 is far better than 2011 was......so far, but my outlook is totally different.  I will never take on the risk, and the expense of the past again, and I know numerous small business owners who feel the same way. 

Work harder, smarter, faster, cheaper.....it's the only hope, but even then, the odds are stacked against the little guy who wants to be independent.  What was never easy is now increasingly becoming impossible, and I feel very sad for the generations behind me.  I know there are still many young people who feel the way that I did in my youth, with that burning desire to run their own show.  After all, if you ain't the lead dog, the scenery never changes.  Unfortunately, the costs and barriers to entrance are crushing vast numbers of would-be entrepreneurs.  The lucky ones who do break through too often find their market invaded, or concept co-opted, by big, powerful predatory competitors.  Of course, this has always been the nature of competition, but things are increasingly different today.  I have no doubt that we are experiencing creeping Fascism.

Independent Contractor

 

Fri, 05/04/2012 - 10:55 | Link to Comment Omen IV
Omen IV's picture

you are on the front end of a game that will go on for ten years more - the classic republican small business man who thought his politics were based on the -  bottom line - that is the focus on the impact of lower taxes and regulations with NO consideration given to the TOP line - sales  - and how they really occur  - which is the availability and level of discretionary income of the middle and upper class will now mow them all down - its volume not costs that are the problem

the WTO & GATT is that sucking sound and now a new law is reversing an exemption for us government contract fufillment and "opening it up" to foreign sources is a game of death  - demand destruction is accelerating - the labor force participation once it gets to close to 59% and BOTH people in a family are exposed to part time work only  -then  no one is buying anything  - too much uncertainty -

 

Fri, 05/04/2012 - 09:23 | Link to Comment J 457
J 457's picture

Spastica.  Are you saying you're now out of work after 23 years?

Fri, 05/04/2012 - 09:33 | Link to Comment Spastica Rex
Spastica Rex's picture

No, I started my "career" at 23. I've been out of steady work for two years.

edit: So yeah, my math is a little wrong. 

edit2: Maybe that's part of why I'm out of a job.

Fri, 05/04/2012 - 09:37 | Link to Comment Gully Foyle
Gully Foyle's picture

Spastica Rex

"edit: So yeah, my math is a little wrong.

edit2: Maybe that's part of why I'm out of a job."

FBI Forensic scientist was it?

Fri, 05/04/2012 - 10:33 | Link to Comment Spastica Rex
Spastica Rex's picture

I thought that was really funny.

Fri, 05/04/2012 - 09:27 | Link to Comment Killtruck
Killtruck's picture

Chins up, kiddies. Carry on up the Khyber. You're the tip of the spear in this mess, and soon everyone will be joining you in trying to figure out the future.

Remember that Darwin did not endorse the "strongest survives". He said that the most adaptable survives.

Godspeed.

Fri, 05/04/2012 - 09:36 | Link to Comment kridkrid
kridkrid's picture

What did you do... are you looking to do?

Fri, 05/04/2012 - 10:05 | Link to Comment Spastica Rex
Spastica Rex's picture

I was a teacher, a technology coordinator, a principal, and a state education bureaucrat. I quit my last assignment in disgust; public education is a scam, and my last job was essentially to defraud local school districts out money. There is a definite protection racket component to corporate/government education "reform" efforts. I decided to go back to the classroom - I'm a good teacher - but I have too much experience so I'm too high on the salary schedule to be hired. Probably for the best. I'm currently trying to get a teaching job at any of the local Catholic schools. I've managed to do some consulting over the last two years, but I really hate working with public ed people. Sad. It wasn't always like this.

Fri, 05/04/2012 - 10:21 | Link to Comment crawldaddy
crawldaddy's picture

I would think people need to have various versions of a resume.  One size fits all is no good anymore.

Fri, 05/04/2012 - 10:25 | Link to Comment kridkrid
kridkrid's picture

It's only going to get worse, I'm afraid.  Existence in the inflating bubble hid or even exacerbated structural problems of public education.  Even if one were to recognize the problems, having to address them in our pending deflationary bubble will be nearly impossible.  

Very sad, indeed.

Fri, 05/04/2012 - 09:13 | Link to Comment oddjob
oddjob's picture

Is that 88 million non workers?...Don't forget to include all Goverment employees, all armed forces and all those on Social assistance...so make that closer to 188 million non-workers.

Fri, 05/04/2012 - 10:23 | Link to Comment crawldaddy
crawldaddy's picture

what a stupid comment

Fri, 05/04/2012 - 10:41 | Link to Comment oddjob
oddjob's picture

Truth hurts.

Fri, 05/04/2012 - 09:48 | Link to Comment sof_hannibal
sof_hannibal's picture

Riots in the Streets and civilians getting thrown in private gulag US prisons for 10yrs. For stealing a loaf of bread... but oncr we lock there dumb poor people up, they won't count as either unemployed, jobless, or non participant(s). Insert sarc.

Fri, 05/04/2012 - 10:21 | Link to Comment narnia
narnia's picture

The chart doesn't include 26 million worthless government employees or the millions of others employed in government compliance or support roles or other worthless sectors like finance. They still count as employed.

70%+ of the population does nothing productive at all.

Fri, 05/04/2012 - 09:10 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

To a great extent, this chart is indicative of the "success" of the Healthcare Reform Act, having the sole mission of eliminating any vestiges of employees' expectations of employers providing health insurance.

Many businesses have already moved to independent contractors, fewer than 50 employees, or Obama McWaivers.

American business and government felt they had to do something about rising healthcare costs to stay competitive globally.  That something turned out to be transferring the cost to the people, through a combination of mandates, higher deductibles, higher co-insurance, and layoffs for those on rich grandfathered plans.

My advice is to do everything one can to stay healthy and stay away from the medical system.  Of course, this advive is in alignment with, and an outcome of, TPTB's intentions all along of reducing unnecessary health expenses, but I am certainly good with that on all fronts.

Fri, 05/04/2012 - 09:12 | Link to Comment orangedrinkandchips
orangedrinkandchips's picture

yep.

Biggest fucking joke.

 

water=health care costs....

 

Much like the power of Water.....which WILL FIND A WAY AROUND ANYTHING AND IS THE MOST PERSISTENT THING ON EARTH...it will find a way into your baseement, your boat, etc.

 

Health care costs too....SO OBAMA tries to pin down these crooks....SO WHAT THEY FIND A WAY AROUND IT....

 

LOSE OR LOSE...YOUR CHOICE!

Fri, 05/04/2012 - 09:57 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

...OBAMA tries to pin down these crooks..

Obama works for the health insurers and big business.  So does Romney.  All politicians do.  Look at their actions, do not listen to their words.

Turn off Rush and NPR and follow the money.

http://www.opensecrets.org/news/2011/10/barack-obama-health-lawyers-hollywood.html

Fri, 05/04/2012 - 10:11 | Link to Comment Max Hunter
Max Hunter's picture

EXACTLY !!  I've heard hours of debate over a few week period on the MSM.. Never once did I hear them mention the real problem.. COST !! 

Fri, 05/04/2012 - 09:52 | Link to Comment toady
toady's picture

Healthcare IS the last reason to try to stick with an employer, and as you say, it's being removed as we stand by watching.

No pension, no chance of growing with an employer over the years. Now no medical. All in an effort to be 'more competitive'.

It's a race to the bottom and we're almost there. Our ancestors who fought for worker's rights during the industrial revolution are spinning in their graves.

But the profits, sweet Jesus, the profits for the 1% are unbelievable!

Fri, 05/04/2012 - 08:51 | Link to Comment orangedrinkandchips
orangedrinkandchips's picture

Get,

you must mean by Nov we will have a 5 handle on unemployement. Dropping 50% in a year! JUST in time for "elections".

 

guarneteed....5% unemployement by this fall....

Fri, 05/04/2012 - 09:01 | Link to Comment Stoploss
Stoploss's picture

Tax revs 0%

Fri, 05/04/2012 - 09:10 | Link to Comment midtowng
midtowng's picture

3%? You think small. I don't see any reason why the unemployment rate couldn't go into negative numbers. All we have to do is drop the workforce participation rate down below the number of people who actually have jobs. It's easy.

Fri, 05/04/2012 - 09:25 | Link to Comment Joe Davola
Joe Davola's picture

Friggin' zero bound done be cockblockin' again!

Fri, 05/04/2012 - 15:14 | Link to Comment SecondAdamWon
SecondAdamWon's picture

Actually the unemployment rate will probably be 0% because everyone will be working and scavenging the land to secure food, water and a source of heat when the grid goes down. Unfortunately, after the die-off (God forbid), the number of participants in the labor force will be about the same. Thanks, Ben, good work pal.  

Fri, 05/04/2012 - 08:49 | Link to Comment ihedgemyhedges
ihedgemyhedges's picture

Tyler, we know the NILF (Not In Labor Force).  Have you calculated the MILF number yet????

Moms In Labor Force, of course........................

Fri, 05/04/2012 - 08:50 | Link to Comment GMadScientist
GMadScientist's picture

It's Crowning!

Fri, 05/04/2012 - 09:31 | Link to Comment Unprepared
Unprepared's picture

I had a Cougar ad yesterday on this very site. "What do young, attractive men really want?" - "A woman like you".

Fri, 05/04/2012 - 08:59 | Link to Comment JPM Hater001
JPM Hater001's picture

100 million and one.  I was laid off yesterday.

Fri, 05/04/2012 - 09:05 | Link to Comment Gully Foyle
Gully Foyle's picture

JPM Hater001

Dude, someone downvoted you for getting laid off.


Fri, 05/04/2012 - 09:13 | Link to Comment ihedgemyhedges
ihedgemyhedges's picture

He got downvoted because someone thought he was going to say he got laid.................then he would've gotten a +6, if he's average.............

Fri, 05/04/2012 - 09:19 | Link to Comment Gully Foyle
Gully Foyle's picture

ihedgemyhedges

Well he was downvoted twice.

I have to assume by illiterates, possibly OWS people or Julia exercising her right to vote twice.

Fri, 05/04/2012 - 15:15 | Link to Comment SecondAdamWon
SecondAdamWon's picture

the bernak

Fri, 05/04/2012 - 09:16 | Link to Comment johnnynaps
johnnynaps's picture

Must have been a Republican. They, along with democrats infiltrate Zerohedge from time to time.

Fri, 05/04/2012 - 09:30 | Link to Comment pods
pods's picture

Bummer.  We cut about 15% on Tuesday.  

Not going to be a fun summer. Margin compression everywhere.

pods

Fri, 05/04/2012 - 09:35 | Link to Comment Akrunner907
Akrunner907's picture

You have to remember that 300,000 people a month are turning 65 and retirement eligible.  A lot of them are going ahead and leaving the workforce because they see very little upside.

Fri, 05/04/2012 - 10:15 | Link to Comment Almost Solvent
Almost Solvent's picture

Exactly. This will speed up the SSTF crash (which will hurt, but be good in the long run).

 

I'm 34, good stable employment, but those SS/Medicare taxes I pay are simply a donation to my grandma in my mind.

 

No fucking way SS/Medicare will be there for me in 45 years (I assume the "retirement" age will be around 79 by the time I get there)

 

Gotta see that glass half full, otherwise it's fucking depressing out there.

Fri, 05/04/2012 - 10:24 | Link to Comment crawldaddy
crawldaddy's picture

SSTF is fine. Hell if we just raise the salary cap limits, so that rich fuckers pay on salaries above 116,000, guess what . SSTF is solid for another 64 years.

 

 

Fri, 05/04/2012 - 10:29 | Link to Comment crawldaddy
crawldaddy's picture

but be good in the long run

 

---------------------------

 

where do you get such stupid ideas.  Like returning to the days before SS will help older people,  Before SS the elderly was the highest demographic of poverty in the US.  How is that going to help them?  Fucking idiots on this board.

Fri, 05/04/2012 - 13:15 | Link to Comment Almost Solvent
Almost Solvent's picture

Obviously you're on or about to be on the SSTF teet.

 

Basic reading comprehension (which you clearly lack fuckface) would result in the knowledge that at no point did I reference helping old people on or about to be on SSTF.

 

What I did reference is the fact that at 34 years of age, I am not going to get out what I put into SSTF.

 

Whether or not I'm an idiot (I am because I am responding to a fuckface like you on an internet website) doesn't change facts nor reality that SSTF is a Ponzi scheme at this point.

Fri, 05/04/2012 - 09:38 | Link to Comment Silveramada
Silveramada's picture

ok, ok people stay calm with the jobs numbers, are not too bad after all, soon we are going to have lots of jobs opening: serving soups at a quarter mile long line...

Fri, 05/04/2012 - 10:05 | Link to Comment lakecity55
lakecity55's picture

I'm applying for one of those high-paid guard jobs at the local FEMA camp.

Long on Bribery and black-market barter!

Fri, 05/04/2012 - 09:55 | Link to Comment RafterManFMJ
RafterManFMJ's picture

My job is 'irreverant ZeroHedge poster;' although it is at present an unpaid position, I nonetheless consider myself in the labor force. Catorgize that, BLS!

Fri, 05/04/2012 - 11:08 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

 

The day.

The phrase.

The truth.

Surging disability recipient totals.

Thu, 09/27/2012 - 17:38 | Link to Comment watch2x
watch2x's picture

I was at least 13 or 14 years old when this came out, and only now am I reviewing it. But that can't close up me, I have to lay out my sentiments for this ready and sometimes 1 spirited performance. Not only is it the best, so far, in Pixar's portfolio of spirited films, it's one of the very best spirited films ever made, circuit. DISCOVERY NEMO is a well-told fay rehearsal chance, but a well-told record is only a honorarium compared to watch movies online and perceive. The movie is visually very loud, with images that stream like alive paintings, some of which almost but leaps out the protection. The movie is beautifully crafted, and sometimes, I almost didn't solicitude about anything else. Almost. On the adverse, the record is quite uncombined. After a play introduced in the first scenes, Marlin the hind bob (voiced by Albert Brooks) becomes too more than-defensive of his last son Nemo (voiced by Alexander Gould). Every propel he makes is always under the watchful eye of his more than-defensive male parent, who couldn't supply to let slip him. To establish that he can go on foot with his own two feet (or is that be borne up with his own fins?), Nemo approached watch series various boat and is abducted by two peering various and taken far off the Bulky Hindrance Take in. Marlin, wrong for his forfeiture, is determined to fall upon his son, captured by a dental surgeon and placed inside a too-diminutive-for-a-bob aquarium in the dental surgeon's clinic. Along his border is a glad joyful yet apt to forget bob named Doree (voiced by Ellen DeGeneres) who gives a helping fin a lengthy the way, whatever she can remember.

Fri, 05/04/2012 - 08:41 | Link to Comment fonzannoon
fonzannoon's picture

The second chart will probably look similar to the OWS growth chart pretty soon.

Fri, 05/04/2012 - 08:45 | Link to Comment Gully Foyle
Gully Foyle's picture

fonzannoon

I'm not certain those stuck in prolonged adolescence, as the OWS crowd are, really show enough growth to be charted.

Could someone point to where Julia joins OWS?


Fri, 05/04/2012 - 08:51 | Link to Comment azzhatter
azzhatter's picture

Could OWS be considered a job?

Fri, 05/04/2012 - 08:57 | Link to Comment Gully Foyle
Gully Foyle's picture

azzhatter

I'm sure if you asked politely an OWS member would give some type of "job".



Fri, 05/04/2012 - 09:00 | Link to Comment fonzannoon
fonzannoon's picture

By OWS I mean a mixed group of angry people that are demanding change. Or as Kyle Bass delicately points out "a tear in the social fabric"

Fri, 05/04/2012 - 09:01 | Link to Comment Gully Foyle
Gully Foyle's picture

fonzannoon

Yes, angry people still give "jobs".


Fri, 05/04/2012 - 09:05 | Link to Comment ihedgemyhedges
ihedgemyhedges's picture

Not my wife......................

Fri, 05/04/2012 - 09:14 | Link to Comment Gully Foyle
Gully Foyle's picture

ihedgemyhedges

Well there are exceptions

http://news.ninemsn.com.au/world/844956/wife-divorces-sex-mad-elderly-bi...

Wife divorces sex-mad elderly billionaire

 

Fri, 05/04/2012 - 09:27 | Link to Comment ihedgemyhedges
ihedgemyhedges's picture

That 24 year old bitch married an 85 year old billionaire and divorces him because he wants sex all the time yet she says "I'm not that sort of girl."  WTF?????  I guess when she was banging her boyfriends 3 or 4 times a day in high school it was fine yet when she got her morals (by marrying a rich guy 60 years older than her), sex became immoral?????????????????

This is one FUW..............

Fri, 05/04/2012 - 09:40 | Link to Comment Gully Foyle
Gully Foyle's picture

ihedgemyhedges

They all ain't Anna Nicole Smith.

Fri, 05/04/2012 - 09:48 | Link to Comment marriedgeordie
marriedgeordie's picture

oh yeah, she not that kind of a girl ... next thing, she'll say she was a virgin when she married that guy and was not quite aware what that thing between his legs was

Fri, 05/04/2012 - 09:31 | Link to Comment Abiotic Oil
Abiotic Oil's picture

I hear Soros will pay $60 a day to protest.

Fri, 05/04/2012 - 09:58 | Link to Comment toady
toady's picture

I'm there!

Do you have a link or some contact info?

Fri, 05/04/2012 - 08:47 | Link to Comment ArkansasAngie
ArkansasAngie's picture

Yup.

All it will take now is a match for some serious unhappiness expressed this summer and OBomney will have some social unrest issues to deal with.

Oh ... that's the reason for the executive order.

 

Fri, 05/04/2012 - 08:42 | Link to Comment EscapeKey
EscapeKey's picture

3-2-1 and some clueless Keynesian moron student on reddit posts that they "probably all retired".

Fri, 05/04/2012 - 09:10 | Link to Comment AccreditedEYE
AccreditedEYE's picture

That argument doesn't hold water when your average Boomer has little to ZERO net worth... they WISH they could retire.

Fri, 05/04/2012 - 08:43 | Link to Comment Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Damn! I thought that 88million was a typo

Fri, 05/04/2012 - 09:08 | Link to Comment SokPOTUS
SokPOTUS's picture

"Millions" are just rounding errors to .gov at this point; they don't even think in Billions or Trillions anymore.  It's Quadrillions now.

Fri, 05/04/2012 - 08:43 | Link to Comment Corn1945
Corn1945's picture

This is just pure fraud at this point.

If the Republicans had any intelligence (they don't) they would be making this a HUGE election year issue. 

Fri, 05/04/2012 - 08:44 | Link to Comment the not so migh...
the not so mighty maximiza's picture

They are part of the control mechanism, not happening.

Fri, 05/04/2012 - 09:44 | Link to Comment kridkrid
kridkrid's picture

bingo.  There will be no discussion of any sort of consequence during the upcoming campaign.  I will be 100% tuned out... it would drive me nuts if not.

Fri, 05/04/2012 - 09:51 | Link to Comment Shizzmoney
Shizzmoney's picture

Right, Republicans are paid by their corporate plantation masters NOT to talk about real issues, and their causes (Fed Reserve), like inflation on food and gas, outsourcing to China (and other countries), and raising wages. 

Focus on Obama; call left wingers Communists in Congress; call for austerity and be as extreme as possible, so the people don't focus on the real casues of our issues.  Basically the exact opposite of what happened during Bush-era liberal MSM hounding.

Instead, their strategists come up with the "War on Women" and other stupid bullshit the MSM left focuses on, instead of the real issues that both sides should be debating (and resolving...and whole other fucking issue). 

Like, for example, Mittens the other day comes out and says, "We need to slash govt jobs, pensions, and wages in order to help those in the private sector compete and make more money." 

Then, out on the campaign trail, he gets into his "homey" shtick about how he "talked to a firefighter who just got married, had a kid, who lives in a one bedroom apartment, and that that family can't afford a second bedroom."

Um, Mitt....firefighters happen to be....um......FUCKING GOVERNMENT WORKERS!!!!111

If he didn't have some speechwriter and campaign manager that was paid by corporate interests writing his shtick that only represents them, he wouldn't be just reading stuff off a script.  He'd actually have the intelligence to say to his people, before the ladder part, "Hey guys, aren't we contradicting ourselves, here?". 

But 60% of the country doesn't pay attention anymore, and therefore....we get politicans who reflect that same meme.

Unfortunately, the only thing Republicans know is where to sign the back of the check.

Fri, 05/04/2012 - 10:20 | Link to Comment Almost Solvent
Almost Solvent's picture

Thank you.

If Republicans were really "conservative" and "pro-business" ending the FED would be talking points #1-1,000.

And if Democrats were really "liberal/progressive" and "pro-working man" ending the FED would be talking points #1-1,000.

 

Hmmmmm, seems both parties should be in agreement on ending the FED.

Fri, 05/04/2012 - 10:28 | Link to Comment kridkrid
kridkrid's picture

It really is that simple.  So there is really one or two "conservatives".... and they're both named Paul (last name, not first)... and there is really just one or two Liberals/Progressvive.... Dennis Kucinich was just voted out... and Bernie Sanders... who I actually question somewhat, based on his "compromise bill" on the auditing of the fed.  

Fri, 05/04/2012 - 08:45 | Link to Comment LawsofPhysics
LawsofPhysics's picture

You are correct sir, one party for the banks and financial sector, by the banks and financial sector.

Fri, 05/04/2012 - 08:46 | Link to Comment EscapeKey
EscapeKey's picture

The Republican/Democrat discussion is pure fraud. Both parties are owned, lock, stock and barrel by Wall Street.

Here in the UK, a campaign with the objective of ousting Mervyn King from the BoE governor job has begun (from out of nowhere lots of people now exclusively putting the blame on his shoulders). The front runner obviously is a Goldman Sachs alumni. Coincidence? I think not.

Fri, 05/04/2012 - 09:15 | Link to Comment disabledvet
disabledvet's picture

Interesting story on the Pirate Party in Germany. More seats than the Greens and Free Democrats (sic). Extreme views of privacy. And I see Junior Seau has been suicided by the media now. (with the added flourish of brain donation too!) Stay tuned folks! Class Action lawsuits going after CNN coming!

Fri, 05/04/2012 - 10:10 | Link to Comment kridkrid
kridkrid's picture

The distraction that will be the debate to end, or dramatically alter, the NFL and college football should be epic.

I'll admit, I'm a fan of mindless football.... even watched a bit of the draft.  Saw the NFL parade up a bunch of service people onto the stage... played the national anthem, and the commissioner went down the handshake line.  At first I thought that the servicemen were disgusting props being used by the NFL... then I thought that perhaps it's the NFL that is the disgusting prop.  Our form of flag waving nationalism is a bit more sophisticated than Nazi Germany... but only a bit.  Rant off.

Fri, 05/04/2012 - 13:17 | Link to Comment Cathartes Aura
Cathartes Aura's picture

sports is a perfect metaphor for military - teams of dudes hanging with each other, some play with balls, some with guns, balls & guns = fk yeah dudes! 

bonding, looking out for yer bro' - running uni-formed teams against the "enemy" opponents, "no pain no gain" - cheer leading public reward trophies & badges & titles, national heroes, parades. . . group fkg games, keggers, *whoop whoop whoop*

seriously - sports is training for team spirit bonding, patriotism & fighting for the meme/corporation.

Fri, 05/04/2012 - 09:27 | Link to Comment Village Smithy
Village Smithy's picture

A most important point. Until the masses understand this we really do not have a democracy in reality.

Fri, 05/04/2012 - 09:53 | Link to Comment Dr. Engali
Dr. Engali's picture

If you understand the formation of the Democtrat-Republican party then you will know they are and always have been one party.

Fri, 05/04/2012 - 08:46 | Link to Comment CrimsonAvenger
CrimsonAvenger's picture

why? It's not like they could change things if they were at the helm. They'd just be tying the noose that they'd later be hung with.

Fri, 05/04/2012 - 08:46 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

They'll only claim that the problem was inherited and that they had nothing to do with it.

Fri, 05/04/2012 - 08:47 | Link to Comment Gully Foyle
Gully Foyle's picture

Corn1945

"If the Republicans had any intelligence (they don't) they would be making this a HUGE election year issue."

Really? You don't see them as part of the problem and that if they ever point out how bad shit really is they are burdened with it next cycle.

 

Fri, 05/04/2012 - 08:48 | Link to Comment Cdad
Cdad's picture

The above chart is all that is needed to commence a complete rejection of the current controlling regime, both political and financial.  End the Fed, unelect ALL current elected officials, turn a fire hose onto the floor at the NYSE, break up all the TBTF banks...and do all of this stuff as quickly as possible.

The Greater American Depression rolls on and on...because certain entities within this nation continue to exist, thwarting capital formation, hiring, and throwing gas on price inflation, etc.

Just maddening. 

Fri, 05/04/2012 - 09:00 | Link to Comment WonderDawg
WonderDawg's picture

Thus, why you're not likely to see that chart on any of the MSM channels.

Fri, 05/04/2012 - 09:11 | Link to Comment Cdad
Cdad's picture

You will see this issue discussed on the MSM just as soon as the public [a huge portion of it unemployed] forces the issue.  And while everyone and his third cousin will take the under on Average Joe waking up and demanding real change, one should not underestimate the effect hunger has on upending apathy.  I would suggest to you that this awakening has begun...and the hunger pangs are now setting in.

And when this epiphany begins to surface, the MSM will turn and become truly populist in nature.  It will need to...in order to survive.  And establishment media is already feeling the economic effects of the American Public abandoning it.

Let the Revolution of the Closed Wallet continue...

Fri, 05/04/2012 - 14:25 | Link to Comment Dulcinea
Dulcinea's picture

You are so right, as usual, Cdad.  This is why we are beginning to see glimpses popping up here and there.  Ever so gradually, it is happening.

Fri, 05/04/2012 - 08:52 | Link to Comment alexwest
alexwest's picture

please, you are smarter than this..

LOOK AT LABOR Participation during 'Bush-infante terrible' (aka junior)..
it went down from 2000yy, and never returned to pre crash 2000 levels..
it never happended before during prev recoveries

fraud started back then

alx

Fri, 05/04/2012 - 08:57 | Link to Comment Cdad
Cdad's picture

It does not matter where or when the fraud began.  It does matter...where and when it ends.  I would submit to you that it needs to end here and now...or the financial pain directly ahead will be massive as the inexorable rise in Fed generated debt will destroy this nation.

Enough prattling on about how to save the current sad situation [QE].  The conversation needs to be how to rid America of its current failed regime. 

Fri, 05/04/2012 - 09:03 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Simple, no more bailouts.  Allow poorly managed companies to fail.  Reward responsible behavior and prosecute the fucking fraud.

Fri, 05/04/2012 - 09:10 | Link to Comment LawsofPhysics
LawsofPhysics's picture

The real "organized" fraud began in 1913.

Fri, 05/04/2012 - 08:47 | Link to Comment LawsofPhysics
LawsofPhysics's picture

I love the smell of napalm in the morning.  Surf's up.  FYI everyone, this chart is the leading indicator.  Anyone in washington ready to have an adult conversation yet?  Bueller... Bueller...

Fri, 05/04/2012 - 08:44 | Link to Comment Peter K
Peter K's picture

OBAMADISASTER => OBAMADEPRESSION :(

Where's Chuck Barris and the guy with the hook when you need them?

Fri, 05/04/2012 - 08:45 | Link to Comment pragmatic hobo
pragmatic hobo's picture

I think GWB renditioned him.

Fri, 05/04/2012 - 08:52 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

It was Bush DAMMIT!!!!

 

Fri, 05/04/2012 - 08:43 | Link to Comment LULZBank
LULZBank's picture

Add a few colours to the first chart and it will look like a rainbow.

Do NOT follow this link or you will be banned from the site!