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US Economy Has To Generate 256K Jobs Per Month Until The End Of Obama's Second Term To Regain Lost Jobs Since December 2007

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Fri, 08/05/2011 - 09:19 | 1526465 John Law Lives
John Law Lives's picture

On a separate note:


Fannie Mae asks taxpayers for another $5.1 Billion.

Fannie Mae = black hole that sucks money


Fri, 08/05/2011 - 09:26 | 1526495 SheepDog-One
SheepDog-One's picture

Yea WTF does Fannie Mae need with $5 billion bucks? Why do they still even exist? 

Fri, 08/05/2011 - 09:58 | 1526606 Pay Day Today
Pay Day Today's picture

That much money, you can hire a quarter million workers for a year.

Fri, 08/05/2011 - 09:18 | 1526467 Brokenarrow
Brokenarrow's picture

zh robbed again of its chance to be right.........

Fri, 08/05/2011 - 09:19 | 1526468 packman
packman's picture

Can we please stop posting this?

2007 was a huge, huge anomaly.  Let's stop acting like that was normal.  The economy was in a huge bubble then.

If we get back to 2007 employment levels (in population-adjusted terms) any time soon - then I'm dumping every stock I've got, because that means we're in deep, deep trouble.

(like we were in 2007)


Fri, 08/05/2011 - 09:22 | 1526479 SheepDog-One
SheepDog-One's picture

Most all of those jobs in 2007 had to do with either constructing, selling, or generating NINJA loan financing for McMansions to power the housing bubble. 


Fri, 08/05/2011 - 09:22 | 1526489 Mike2756
Mike2756's picture

Now it will bridges to nowhere and airports we do not need.

Fri, 08/05/2011 - 09:33 | 1526532 dbach
dbach's picture

While I agree those things are stupid, I could get behind some rail infrastructure. If we want to employ manual laborers, which we should, this is the prudent way to go. Tho the airlines would pout, long term: trains are the way to go long distances (when there's not water involved).

Fri, 08/05/2011 - 09:39 | 1526543 SheepDog-One
SheepDog-One's picture

Rail infrastructure for what, to ship all our Chinese goods around? 

Fri, 08/05/2011 - 10:02 | 1526616 Pay Day Today
Pay Day Today's picture

You're going to need a lot of rail at $6/gallon.

Fri, 08/05/2011 - 10:24 | 1526697 dbach
dbach's picture

Rail infrastructure to move people and goods efficiently around the country. If the economy implodes and we are all foragers again then it doesn't matter, but if we want to have some semblence of a functioning 21st century world, then efficient means of moving around is important and energy will not get cheaper (unless the migrant foragers thing happens).

Fri, 08/05/2011 - 11:50 | 1527099 bonderøven-farm ass
bonderøven-farm ass's picture

Can't forage dbach.  Unkie sam and big AG have an issue with wild edibles and crazy gathers......

Fri, 08/05/2011 - 11:57 | 1527115 dbach
dbach's picture

lol I had no idea. Thanks for the link!

Fri, 08/05/2011 - 11:32 | 1527011 spiral_eyes
spiral_eyes's picture

manufacturing economies are built around manufacturing infrastructure. how about creating railway infrastructure to ship american goods around the country, and decrease reliance on china?

Fri, 08/05/2011 - 09:45 | 1526555 Critical Path
Critical Path's picture

We do not need any more construction activity UNLESS it has to do with repair and maintenance.  The infrastructure is falling apart around us so we can pay for shitholes like iraq and afganistan. If we're not going to make repairs or provide maintenance, then we need to tear it down, period.  Either way, we'll have to eventually put some of the construction industry to use.  Or.... we can leave it up because the way things are going all these bridges might provide necessary shelter to a substantially portion of the U.S.

Fri, 08/05/2011 - 10:14 | 1526660 Doubleguns
Doubleguns's picture

Difficult to shelter under a collapsed bridge.

Fri, 08/05/2011 - 13:01 | 1527450 packman
packman's picture

"Most all of those jobs in 2007 had to do with either constructing, selling, or generating NINJA loan financing for McMansions to power the housing bubble. "

Yep.  Interesting (and odd) that your post has gotten +5, and mine is -2, when we're pretty much saying the same thing.


Fri, 08/05/2011 - 09:19 | 1526469 M.B. Drapier
M.B. Drapier's picture

What is it with powers of 2 this week?

Fri, 08/05/2011 - 09:20 | 1526472 eigenvalue
eigenvalue's picture

Obummer's second term? I don't want this twerp to have a second term. Hopefully Ron Paul will be the next president.

Fri, 08/05/2011 - 09:19 | 1526473 Miss Expectations
Miss Expectations's picture


Fri, 08/05/2011 - 09:21 | 1526476 hedgeless_horseman
hedgeless_horseman's picture

somehow America needs to add 16,356,500 jobs over the next 64 months.

War, huh, what is it good for?

Fri, 08/05/2011 - 09:23 | 1526482 SheepDog-One
SheepDog-One's picture

Wars are great for jobs overseas and greatly reducing the food stamp and unemployment check population.

Fri, 08/05/2011 - 09:28 | 1526507 Hansel
Hansel's picture

Because it isn't like we pay soldiers salaries and provide them food to eat...

Fri, 08/05/2011 - 09:39 | 1526522 hedgeless_horseman
hedgeless_horseman's picture

...there's got to be a better way.  Say it again.  There's got to be a better way.  Yea.

Afghanistan is the longest war in American history.  Once again, why are we fighting and dying there?  I haven't heard the Teleprompter speak to this issue.  Have you?

Fri, 08/05/2011 - 09:40 | 1526545 SheepDog-One
SheepDog-One's picture

$500 billion/year heroin trade for the world banksters.

Fri, 08/05/2011 - 09:47 | 1526561 Version 7
Version 7's picture

The CIA takes care of the drug traffic and Wall Street launders the cash.

Fri, 08/05/2011 - 09:53 | 1526572 hedgeless_horseman
hedgeless_horseman's picture

...and the media doesn't cover it, so it is like it isn't even happening.

If a soldier falls in the dust of Afghanistan, and there is no embeded reporter to hear him scream, does he make a sound?

Fri, 08/05/2011 - 11:12 | 1526898 glenlloyd
glenlloyd's picture

these wars will be our undoing....just as Afghanistan was for the Soviet Union.

Fri, 08/05/2011 - 12:55 | 1527419 Doyle Hargraves
Doyle Hargraves's picture

Every empire in history met their downfall in Afghanistan. We will be no different. Something about killing a bunch of goat herders ultimately proves to be a waste of time that bleeds every empire that tries it dry.

Fri, 08/05/2011 - 09:34 | 1526529 sourgrapesson
sourgrapesson's picture

Absolutely Nuthin!

Fri, 08/05/2011 - 09:36 | 1526536 Ethics Gradient
Ethics Gradient's picture

Say it again!

Fri, 08/05/2011 - 09:23 | 1526480 WiretapWilly
WiretapWilly's picture

Labour force growth now creates lost jobs that need to be regained?  Well, I guess if cutting higher planned expenditures cuts spending, all bets are off as far as standard definitions go.

Fri, 08/05/2011 - 09:24 | 1526487 GeneMarchbanks
GeneMarchbanks's picture

It's entirely possible. Also the Dow will be at 26,000 and gold at 12,000. The 'jobs' will be mostly in the service sector. Sexual service, military service shit like that...

Yes yes ... um ... Good Luck.

Fri, 08/05/2011 - 09:29 | 1526511 Mike2756
Mike2756's picture

Here he comes, here comes Bernanke...


Fri, 08/05/2011 - 09:24 | 1526490 spankthebernank
spankthebernank's picture

You mean we're not in deep deep trouble??  You mean we've wrung out all of the excesses and we're set to go higher?  The point of the post is that the oven is on 550 and the US is sitting inside and is COOKED!! 

Fri, 08/05/2011 - 09:33 | 1526525 vast-dom
vast-dom's picture


Fri, 08/05/2011 - 09:41 | 1526551 Printfaster
Printfaster's picture

Who says BO's second term is consecutive?

Could be like Grover Cleveland with a split second term.  He could have Rahm Emanuel or Hilary run as his interim replacement.

Fri, 08/05/2011 - 09:34 | 1526526 Byte Me
Byte Me's picture

Growth sectors:- forestry, linen manufacture, wheelbarrow and ink production.

Can't see +254k average job growth over this timespan though -- that would include two business cycles' downsides.

Fri, 08/05/2011 - 09:36 | 1526538 holdbuysell
holdbuysell's picture

Seems to me at this point that how you create a huge number of jobs is by going to war, a substantial one.

Celente has been speaking the war trend for some time and most recently on King World News.

Fri, 08/05/2011 - 09:37 | 1526541 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Can we stop pretending Obama is in charge of anything other than his golf swing please.

Let's start looking at the scum behind the curtain who are really controlling this obvious agenda please Tyler, that would then make this site perfect!

Fri, 08/05/2011 - 09:41 | 1526550 SheepDog-One
SheepDog-One's picture

Very few look to see whats going on behind the curtain, they prefer the puppet show in front.

Fri, 08/05/2011 - 09:40 | 1526546 Printfaster
Printfaster's picture

We need to run a census every month.

Fri, 08/05/2011 - 10:12 | 1526646 mfoste1
mfoste1's picture

change we can hope for!

Fri, 08/05/2011 - 10:13 | 1526656 urbanelf
urbanelf's picture

We can change the definition of employment.  We can count anyone who makes comments on blogs as employed.

Fri, 08/05/2011 - 11:16 | 1526907 Winston Smith 2009
Winston Smith 2009's picture

The only hope for Obama as far as second term is concerned is that voters won't elect a member of one of the nuttier religions, one that brings its superstition fairytale into more modern settings:


And, BTW, where do you think the Repug front runner's secret million dollar superpac donation came from? I'd bet it involves the LDS.

Fri, 08/05/2011 - 12:37 | 1527324 Hook Line and S...
Hook Line and Sphincter's picture

I'm getting impatient. When are we going to start counting the slave labor US gets from our prison system as 'new employees'?

Hook Line and Sphincter...incarceration style.

Wed, 09/14/2011 - 04:53 | 1667439 chinawholesaler
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