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US Needs To Generate 261,200 Jobs Per Month To Return To Pre-Depression Employment By End Of Obama Second Term

Tyler Durden's picture





 

Every few months we rerun an analysis of how many jobs the US economy has to generate to return to the unemployment rate as of December 2007 when the Great Financial Crisis started, by the end of Obama's potential second term in November 2016. This calculation takes into account the historical change in Payroll and includes the 90,000/month natural growth to the labor force, and extrapolates into the future. And every time we rerun this calculation, the number of jobs that has to be created to get back to baseline increases: First it was 245,500 in April, then 250,000 in June, then 254,000 in July. As of today, following the just announced "beat" of meager NFP expectations, this number has has just risen to an all time high 261,200. This means that unless that number of jobs is created each month for the next 5 years, America will have a higher unemployment rate in October 2016 than it did in December 2007. How realistic is it that the US economy can create 16.2 million jobs in the next 62 months? We leave that answer up to the US electorate.

 


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Fri, 10/07/2011 - 09:31 | Link to Comment warchopper
warchopper's picture
  1. No problem. We just find 261,200 people who want to strike, and then hire them back.
Fri, 10/07/2011 - 09:43 | Link to Comment flacon
flacon's picture

Tyler, you should turn these series of charts into an animated gif - showing the progression. 

Fri, 10/07/2011 - 10:01 | Link to Comment Leopold B. Scotch
Leopold B. Scotch's picture

We can solve this problem by simply printing money and paying people to do stuff... Any stuff: digging ditches, prepping for alien invasions, running in place.  Anything. Poof! ~~ Labor problem, gone. ~~

And GDP will be up.  'Caus job and economic activity quality is meaningless. Quantity is everything.  Simple Nuff.

Three cheers for GDP.  Hip Hip Hooray!, GDP!! 

GDP, I wish I could make out with you. You're so hot.

~ Paul Krugman on Leopold's login.

 

Fri, 10/07/2011 - 10:18 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

You, sir, are batshit yet I completely understand you. Which means I'm also batshit...

Fri, 10/07/2011 - 11:16 | Link to Comment trav7777
trav7777's picture

I dunno if Bama can do it...I mean they gave somebody ELSE the Nobel Peace Prize.  WTF.

Fri, 10/07/2011 - 10:25 | Link to Comment SiliconJon
SiliconJon's picture

Issuing +$261 Trillion in debt should do the trick, yes?

Fri, 10/07/2011 - 14:22 | Link to Comment Caggge
Caggge's picture

We could build cities like China that no one will live in. I guess with all the excess real estate inventory out there.....we have already done that.

Fri, 10/07/2011 - 15:00 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Chinese are very smart. They just build more homes and sell them to aliens when Krugman wants to fight.

Fri, 10/07/2011 - 11:18 | Link to Comment km4
km4's picture

Prez hopium sez YES WE CAN ;)

Fri, 10/07/2011 - 11:28 | Link to Comment LongSoupLine
LongSoupLine's picture

ok, hear me out, 'cause I've got a winner...

I'm going to start a mid-wesern solar company and ramp up MAJOR hiring.  I expect huge huge backing from...well, lets just say a "slam dunk high level supporter".  All I have to do is take 20% of this "supporters" money (where ever he gets that from) and put it back into some sort of obscure "re-election fund".  Anyway, seems like a win-win...who's in??

Fri, 10/07/2011 - 12:00 | Link to Comment covert
covert's picture

they will not exist

http://covert3.wordpress.com

 

Fri, 10/07/2011 - 09:30 | Link to Comment papaswamp
papaswamp's picture

The problem is they didn't create any jobs. The size of the laborforce shrank by 322,000 (not seasonally adjusted) but the BLS added 500,000 workers in their seasonally adjusted number. The rise is total fabrication and the maket is running with it. No one reads they just react to headlines and rumors.

Fri, 10/07/2011 - 10:23 | Link to Comment Josh Randall
Josh Randall's picture

Oh Papaswamp, you're young and you've got your health, what do you want with a job?

Fri, 10/07/2011 - 09:30 | Link to Comment Dick Darlington
Dick Darlington's picture

And Friday rumor mill in full speed:

rumour: MS and Wells Fargo to merge

Fri, 10/07/2011 - 09:34 | Link to Comment anynonmous
anynonmous's picture

ya right

Fri, 10/07/2011 - 09:37 | Link to Comment firstdivision
firstdivision's picture

Now the rumor is: BUFFETT WANTS TO BATH AGAIN!

Fri, 10/07/2011 - 09:39 | Link to Comment HD
HD's picture

 We'll need more than that - get him to the ocean...

Fri, 10/07/2011 - 09:55 | Link to Comment sabra1
sabra1's picture

Buffett wants to merge with Janet Napolitano! yuuuuuuuck!

Fri, 10/07/2011 - 09:31 | Link to Comment Dr. Hannibal Lecter
Dr. Hannibal Lecter's picture

ObaMao second term?  Who said anything about a second term.

Fri, 10/07/2011 - 09:46 | Link to Comment Rainman
Rainman's picture

.....even the ever-blue Californicators are pissed at O as Holder fruitlessly tries to stomp out reefer madness in the State.

 

http://www.bloomberg.com/news/2011-10-07/california-pot-clinic-crackdown-threatens-1-billion-industry.html

Fri, 10/07/2011 - 10:11 | Link to Comment Henry Chinaski
Henry Chinaski's picture

A new front in Obama's war on jobs.

Fri, 10/07/2011 - 10:16 | Link to Comment Leopold B. Scotch
Leopold B. Scotch's picture

This IS Job protection -- for the Drug War Industrial Compex.  That's an industry of $ hundreds of billions at stake.  Can't cut off those parasites through legalization, now, can we?

Fri, 10/07/2011 - 10:23 | Link to Comment Henry Chinaski
Henry Chinaski's picture

Decriminalization of pot would make an interesting economic study.  Increase agricultural production and employment. Roll back the bloated police state govenment.  Liberty works for me.

Fri, 10/07/2011 - 11:43 | Link to Comment jo6pac
jo6pac's picture

Yep, got to fill those corp. jails.

Fri, 10/07/2011 - 09:32 | Link to Comment thunderchief
thunderchief's picture

Stop comparing yesterdays America to todays. 

It's not fair to todays America.

Your making us all feel just downright Poor!

Fri, 10/07/2011 - 09:36 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Thanks for agreeing. Yesterday's US economy is squarely in the rear view mirror. Anyone who ain't hip is living in their own lil dream world

Fri, 10/07/2011 - 09:53 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Welcome to the new normal.

The nation is clearly getting poorer.

Fri, 10/07/2011 - 09:32 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Insource China! Case closed.

Fri, 10/07/2011 - 09:47 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Open the immigration spigots?

Hell, just bring in all the Mexicans.

Fri, 10/07/2011 - 09:32 | Link to Comment PulauHantu29
PulauHantu29's picture

No one even wants a house anymore:

 

Home ownership sees biggest drop since Great Depression: CNN Money

 

http://finance.yahoo.com/news/Home-ownership-sees-biggest-cnnm-388193618...

 

Too expensive and renting is very flexible and cheap....

 

GL!

 

 

Fri, 10/07/2011 - 09:46 | Link to Comment firstdivision
firstdivision's picture

Actually right now is the perfect time to buy.  A house is a physical asset at least.  The problem is that the general public is still stuck in the debt they racked up in 2006/2007 to really be able to afford it, ontop of the fact that they overpaid for their property or maxed out home equity lines.

Fri, 10/07/2011 - 09:48 | Link to Comment tmosley
tmosley's picture

No, the perfect time to buy is when they are priced like Detroit is now, possibly during the depths of a hyperinflationary crisis (real estate values can and do fall in a nominal sense during hyperinflation--especially if the government adopts rent control measures).

Fri, 10/07/2011 - 09:54 | Link to Comment firstdivision
firstdivision's picture

Actually, and sadly saying this, I am starting to think that housing is finally starting to form a bottom.  The Case-Shiller index showed better number for places that people want to live (ex. Cleveland, Detroit, Midwest in general).  Those areas will be the first to bottom out, the rest of the US will follow a few months to a year behind.  Besides, wouldn't you rather own before the US buys up all the available housing to force people to be serfs?

Fri, 10/07/2011 - 10:00 | Link to Comment kito
kito's picture

if the u.s. wasnt on its way to 15 trillion in debt, and the worlds banks werent worthless, then yes, all things being equal, we would be at the bottom now. however, when the mother of all black swans hits, that bottom will become bottomless. wait till 2013 to see how this all shakes out before you invest in something that may go to cash value.

Fri, 10/07/2011 - 10:03 | Link to Comment firstdivision
firstdivision's picture

When the mother of all black swans hits, I want to own where I live. 

Fri, 10/07/2011 - 10:12 | Link to Comment kito
kito's picture

"own" as in own or "own" as in owe?

Fri, 10/07/2011 - 10:15 | Link to Comment firstdivision
firstdivision's picture

own as in own.

Fri, 10/07/2011 - 10:24 | Link to Comment Leopold B. Scotch
Leopold B. Scotch's picture

Bottoming?  Are you kidding? 

The clearing price for housing has not been achieved in any way whatsoever.  We have a horribly intervened mortgage market and even then houses are not moving.

Have the Fed return its $2 trillion of mortgages to the market for finding their true clearing prices, and we'll find out how houses are priced in a naturally occurring market through real price discovery of interest rates.

GAAP should also require banks to end the opaque disclosure techniques the industry currently uses to keep investors guessing about the quality of the balance sheets.  Yeah, banking stocks are taking it on the chin right now beause of the lack of clarity, but just the same, they're unddoubtedly hiding $ hundreds of millions of insolvent mortgage housing inventory, keeping all those homes off the foreclosure lists where they would otherwise end up absent the ability to not disclose.

Then have the FEd end its price fixing of interest rates at this absurdly low level where it forces savers to subsidize borrowers, which in turn keeps houses over priced and not clearing.

We'd then see the free fall in housing return and housing prices would bottom out for real, and very quickly.  Inventory would then be priced at its real clearing price, with lending at its real lending price.

Yes, the market might stabilize with the current intervention, but in the end all we'er doing is propping up a distortion.  WE're price fixing and forcing the misallocation of scarce wealth into fossilizing housing prices above their natural clearing rate. 

Price fixing only creates more problems. End it.

Fri, 10/07/2011 - 13:24 | Link to Comment Messianic
Messianic's picture

If you're paying with cash (i.e. you have the money laying around to buy the house outright as opposed to taking out a large mortgage), now is definitely not the time to buy.  Prices still havent' fallen to the level they should when interest rates (must) rise.

Once either 1) interest rates are sky-high to return us to normality, putting downward pressure on actual home values; or 2) hyperinflation has eaten everything yet only weakly affected home prices; that would be the time to purchase a home to get the best deal.

But to pay now, in pure cash, for a home?  Absolutely not - that's silliness. Now is a fairly good time (we don't need to catch daggers if we know what we want) to buy a home if you plan to get a low rate fixed rate mortgage and you plan to actually live in the home for 30+ years. If your plan is to buy a house via a mortgage and rely on the government to protect your home based on provisions that protect at least one home in the case you file bankruptcy, I have to say that's not a very good plan.

But it's not a good time to use housing as an investment, ESPECIALLY in the US.  There are some good purchases in Asian markets which have decent yields, but those are probably going to get hammered soon. Housing in the US is and will continue to be a poor investment for many years.

Fri, 10/07/2011 - 11:46 | Link to Comment trav7777
trav7777's picture

you don't own it so long as you have to pay taxes on it

Fri, 10/07/2011 - 10:17 | Link to Comment Henry Chinaski
Henry Chinaski's picture

There is no housing market.  There are bazillions of submarkets.  Local influences are usually more important that macro factors, especially for single family homes. 

Fri, 10/07/2011 - 13:31 | Link to Comment Messianic
Messianic's picture

It seems like "Housing is a regional phenomenon" was Bernanke's argument too...Or just that national pressures don't override regional ones.

7/1/05 – Interview on CNBC
INTERVIEWER: Tell me, what is the worst-case scenario? We have so many economists coming on our air saying ‘Oh, this is a bubble, and it’s going to burst, and this is going to be a real issue for the economy.’ Some say it could even cause a recession at some point. What is the worst-case scenario if in fact we were to see prices come down substantially across the country?

BERNANKE: Well, I guess I don’t buy your premise. It’s a pretty unlikely possibility. We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.

Fri, 10/07/2011 - 10:29 | Link to Comment OneEyedJack
OneEyedJack's picture

 

Fri, 10/07/2011 - 11:47 | Link to Comment trav7777
trav7777's picture

Detroilet is like 86% black...do YOU really want to live there?

May as well move to Africa.

Fri, 10/07/2011 - 09:33 | Link to Comment cowdiddly
cowdiddly's picture

Second TerM? AAAAHHHAHAHAHAHAHAHAHHAHAHHAHAHAHAHHAHAHAHAHHAHA

Fri, 10/07/2011 - 09:36 | Link to Comment Gene8696
Gene8696's picture

Does that take into account the numbers of ZH readers who are dropping out of the "job market", because they are netting 10% a month on the swings?

Fri, 10/07/2011 - 09:34 | Link to Comment Kyle Reese
Kyle Reese's picture

Let's do the census every month.

Maybe we don't need more jobs, but more affordable housing. Go back to single income families.

Fri, 10/07/2011 - 10:27 | Link to Comment Leopold B. Scotch
Leopold B. Scotch's picture

What we need is a good war.  Or plague. No better solution to excess labor than death.

Hey?!? Who said central planning is a clean business?  One must break a few eggs to make an omelet, after all.

Fri, 10/07/2011 - 12:08 | Link to Comment V in PA
V in PA's picture

It's almost like we are living in 1936. A world wide depression, but yet, most everyone was blissfully unware of the nightmare to come.

Look around people. The gears of a world war have been turning for some time now. WWIII is right around the corner.

Fri, 10/07/2011 - 09:34 | Link to Comment Kina
Kina's picture

It appears to me that TPTB have gotten themselves in a position were the US is now always just a moment away form losing total control and being plunged into chaos. It is walking a high wire miles above the earth in gale force winds and everybody is wondering if Europe might lay just a little bit of greece on the wire.

 

When they lose control there will be no stopping the dominoes that fall all the way through markets.

Fri, 10/07/2011 - 09:44 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Yup. That's been the scenario for 4 years. And each time they snatch it out of the jaws of defeat. But each additional time that happens so soon after the last it costs in terms of confidence, credibility and fer sure in terms of Bennie Bux. The real cost is in the rising toll of biflation: each 'rescue' accentuates biflation, making life for the middle class and small business increasingly unsustainable. It also has deep global side effects that are growing spookier

Fri, 10/07/2011 - 10:40 | Link to Comment Henry Chinaski
Henry Chinaski's picture

The farce is out in the open now.  Hell, TPTB aren't even trying to hide it anymore. 

The tea partiers noticed it first and the Occupiers are coming around.   They see the effects of the problem, but can't define it or see the root cause.  It is dawning on people that both political parties produce about the same result.  I hope everybody follows their concerns and grievances to the logical conclusion.  Individual liberty and responsibility is the answer.  The founding fathers figured this out and Ron Paul is preaching their gospel of liberty.  The Austrian economists established the theoretical proof.  It takes study and thoughtful consideratoin to see the truth.  Central planning fails every time it is tried.   (Most people on ZH are already there.)

Most people are still asleep.  One by one, they are waking up.  Now is the time to spread the message of liberty at every opportunity.  As the situatipon deteriorates, more people will be looking for answers. 

Fri, 10/07/2011 - 09:36 | Link to Comment FoieGras
FoieGras's picture

The pre-depression level of employment was the result of insane leverage in the private sector. This will not be reached again for another 20-30 years. Forget about it.

Fri, 10/07/2011 - 09:46 | Link to Comment Caviar Emptor
Caviar Emptor's picture

That's optimistic. I've been calling it the great downsizing. When you hear that the largest US corporations are contracting domestic business and jobs so that they can expand abroad it's a tell

Fri, 10/07/2011 - 09:41 | Link to Comment metastar
metastar's picture

The headline assumes O will get a second term. I'm still hoping he won't have the opportunity to finish his first.

Fri, 10/07/2011 - 10:08 | Link to Comment Long-John-Silver
Long-John-Silver's picture

Fast and Furious revelations are coming as furiously fast as cockroaches running from a Solyndra solar exposure.

Fri, 10/07/2011 - 09:41 | Link to Comment firstdivision
firstdivision's picture

Obama is not getting a second term.  That is basically guaranteed at this point, think Bush senior.  The jobs picture will not improve for 10 years, regardless of who is in office come Janurary 2013. 

Fri, 10/07/2011 - 09:45 | Link to Comment digalert
digalert's picture

Joe Blow Biden

June 25, 2010:

"there's no possibility to restore the 8 million jobs lost in the great recession."

Way to go Joe!

Fri, 10/07/2011 - 09:47 | Link to Comment Caviar Emptor
Caviar Emptor's picture

I give a lil credit to ole Joe this time. It's a rare thing to hear some truth out of Washington. Now if only they could act on the truth

Fri, 10/07/2011 - 09:49 | Link to Comment firstdivision
firstdivision's picture

That is the first intelligent comment I have ever heard by Biden.  Has anyone check the temp in hell lately?

Fri, 10/07/2011 - 12:19 | Link to Comment Shvanztanz
Shvanztanz's picture

I actually glanced in a drawer at a watch I hadn't wound for months, and was shocked and amused when it read the exact time it actually was at that moment, though it hadn't run in ages. It's true what they say about stopped clocks...

Even Joe was bound to say something resembling the truth sooner or later, though I believe completely by accident.

Fri, 10/07/2011 - 09:46 | Link to Comment Snakeeyes
Snakeeyes's picture

This is what Bill Gross said as have I. We need 250k per month. 

http://www.calculatedriskblog.com/

 

 

Fri, 10/07/2011 - 10:06 | Link to Comment buyingsterling
buyingsterling's picture

Does that include current immigration levels - 100K legal, 50-100k illegal / month?

Fri, 10/07/2011 - 09:47 | Link to Comment buzzsaw99
buzzsaw99's picture

I agree, if we give Owebama another chance the jobs picture will almost certainly improve dramatically in freedumb's land. :snark!:

 

ps: don't touch my junk bitchez

Fri, 10/07/2011 - 09:51 | Link to Comment RobotTrader
RobotTrader's picture

I wonder how high the Dow will be when we finally reach full employment again?

Might take a few years, but it will happen eventually.

Fri, 10/07/2011 - 09:54 | Link to Comment buzzsaw99
buzzsaw99's picture

Your broker called. He said thanks for playing:

http://www.marketwatch.com/story/e-trade-top-gainer-in-rising-financial-...

Fri, 10/07/2011 - 09:55 | Link to Comment firstdivision
firstdivision's picture

We will never reach full employment again.  That is a fact.

Fri, 10/07/2011 - 10:21 | Link to Comment buyingsterling
buyingsterling's picture

Within the current system where everyone is signed up properly and the IRS is getting its cut, you're right. But that system clearly isn't sustainable. Some kind of move to free labor will be necessary, where the bulk of people do their jobs and don't have to file taxes. If the lower 50% of income earners are paying no net federal taxes, and paying only SS, medicare and sales taxes, free them. Tell them they will get no SS and no medicare, but can earn and save whatever they can from their local economy. Apply taxes only to corporations and to businesses selling internationally and/or in multiple states. 

 

Fri, 10/07/2011 - 10:45 | Link to Comment falak pema
falak pema's picture

It won't happen as long as the international labor arbitrage model is dominant in Oligarchic thinking prevalent on WS/DC and now the mantra world-wide. In that framework, there will never be full employment in USA; unless standard of living in USA goes below that of Mehico. And China and India...etc.

Fri, 10/07/2011 - 09:53 | Link to Comment DruidDoc
DruidDoc's picture

As a Canadian, does it matter if Obama gets second term or not?  It is the banksters,who call the shots and democracy is simply an illusion to keep the sheeple drugged and clueless.  My prayers and wishes are for Ron Paul, and all those who seek the truth and understand all that they have told to believe by the PTBs maybe simply a control algorhythm to benefit the .01 % at the expense of the many.

Fri, 10/07/2011 - 13:26 | Link to Comment V in PA
V in PA's picture

Blaming the banks for our problems is like blaming the guy, who screwed your wife, for the infidelity. A wife makes a promise to be faithful to you, as does our Government (swear to uphold the Constitution). The guy she sleeps with made no promise to you and NEITHER did the banks / big corp!

Fri, 10/07/2011 - 09:58 | Link to Comment docmac324
docmac324's picture

"You now have two minutes to reach safe distance" (Aliens)

 

 

Looking for riots this time next year, at a theater near you.

 

Fri, 10/07/2011 - 10:01 | Link to Comment FunkyOldGeezer
FunkyOldGeezer's picture

Obama second term - Ain't gonna happen

Ron Paul elected - Ain't gonna happen

262,000 new jobs per month - Ain't gonna happen, until an ultra low Dollar encourages Chinese/Indian/Brazilian/Vietnamese/rest of the world to move their manufacturing base, lock, stock and barrel to America.

Be very careful what you wish for.

Fri, 10/07/2011 - 10:02 | Link to Comment Caviar Emptor
Caviar Emptor's picture

THis was predictable (and may turn into something):

Reuters: Belgium told France on Thursday that it was not willing to foot the whole bill for rescuing the bank. [Dexia]

Fri, 10/07/2011 - 10:08 | Link to Comment Grimbaldus The ...
Grimbaldus The Norman's picture

What second term?

Fri, 10/07/2011 - 10:09 | Link to Comment Bill Lumbergh
Bill Lumbergh's picture

Real shame the next census is not performed until 2020...that could generate quite a short-term boost of employment and show the economy is "prospering".

Fri, 10/07/2011 - 10:18 | Link to Comment disabledvet
disabledvet's picture

Moreso than even Goldman Sachs the President is really in deep doo-doo. The wolves are circling and shaking down our hapless Department of Energy like kids smacking a pinata. Not even Larry Kudlow is calling for an investigation into the corruption which is the obvious moral and practical basis for not wanting our taxes increased. Here we are in the information age and yet nobody has any clue how our tax dollars are being spent? The President hasn't even submitted a budget. EVER? I see half the city of Chicago ending up in Minneapolis before he's done. If there is a hail mary it's lowing the age of enrollment into Social Security and start buying off "less than seniors." i'm still waiting for coverage of the Middle East peace process...there's a surprise. Someone doesn't want us to have peace in the Middle East but as many dead Americans as possible instead. That should be interesting.

Fri, 10/07/2011 - 10:20 | Link to Comment brent1023
brent1023's picture

This article appears to be suggesting that if a Republican is elected instead of Obama then the economy would take off and all those unemployed would get jobs within 4 years. Do I have that right?

Does that assume a change in Republican policies or a continuation of existing policies? Current policies are clearly job killers - more for the 1%, nothing for the 99%. So current policies won't do it.

So, it must mean a change in policy? To what? To current Obama policies? How would that make any difference over what we have now?

What is clear is that the US economy is in a deep hole. What is clear is that the Republicans are solely concerned with winning the next election and if destroying the economy is what it takes, that is what they will do.

The only recipe for improvement is complete defeat of all Republican members of congress. That would send a signal that would shake up the 1% and get the country back on the track as envisioned by the founding fathers.

Fri, 10/07/2011 - 10:24 | Link to Comment the not so migh...
the not so mighty maximiza's picture

The 1% control both parties, obvoius proof is there really has been no policy changes from Bush to Obama and going back further.  Bailouts continued, corruption continued, wars continued, market manipulation continued, and the FED Reserve continued unabated.

 

Fri, 10/07/2011 - 10:42 | Link to Comment buyingsterling
buyingsterling's picture

The republicans are as useful as tits on something that has no business having tits. If UE improves with Obama out, it will likely be because the fear level has abated somewhat. People are scared shitless of the inept, angry narcissist Obama - there's literally no telling what this guy is going to do from one day to the next - most of it is pathetically predictable, but somehow he just gets worse and worse, as a leader and a person.  There's a widespread perception that he hates America and most Americans - all non-Marxists with an IQ over 100, of any color. He's a hater, a bitter little man who never got over the fact that his mommy preffered globe-hopping and spreading her legs to bringing up her POS kid. He's not the cause or root of our problems, but he's a glaring reminder that we have little or no control over our future so long as he and his mentality have a hand anywhere near the rudder.

So TPTB must want Obama to win - that will keep America off balance for another four years, or plunge it into conflict. President Puke keeps us divided, which is just where they want us. Eventually they will get their wish and some white folks will kill some flash mobbers, or the government will run up another false flag, and arguments about restoring freedom will be drowned out. Then some state(s) will try to leave the union, whereupon President Puke will declare them enemies. He'd love to set off a nuke on an American city and be able to blame it on some shadowy enemy. That would finally show everyone who's boss.

Fri, 10/07/2011 - 10:21 | Link to Comment vast-dom
vast-dom's picture

Are we accounting for true unemployment or the official stats? Because 261,200 needs to be multiplied by at VERY LEAST 2x to approach reality out there.

Fri, 10/07/2011 - 10:22 | Link to Comment FoieGras
FoieGras's picture

Obama would be the first presidentin history to get elected for a 2nd term while the country is in recession. Probably not going to happen.

Fri, 10/07/2011 - 11:01 | Link to Comment anony
anony's picture

You misunderestimate the power of the Jewish Concordiat.

If they want theBamster, he's in again.

IF they don't (which is about as likely as god making me happy) he's out.

His re-election is assured.  No matter what he does between now and a year from now, he has a solid 42% of the electorate in his corner who will hold their noses while they pull the lever for him.

All he needs is independents like me (who wouldn't vote for him or any other politician, dem or repub, now extant) and there are enough of them who will NOT VOTE FOR A REPUBLICAN.

Fri, 10/07/2011 - 12:15 | Link to Comment Shvanztanz
Shvanztanz's picture

Agreed. 

Define the Agenda you would vote for.

Fri, 10/07/2011 - 10:35 | Link to Comment Kina
Kina's picture

Everything is great again, recovery now in place. Reason for lots of optimism. The MSM take on NFP.

 

Those criticising ZH for reporting negative data might want to go and ride MSM manufactured Unicorns, it will make you all feel more comfortable and all much more keen to buy stocks on their advice, since there is little risk now that milk and honey are flowing in the desert.

Fri, 10/07/2011 - 10:54 | Link to Comment anony
anony's picture

That's a curious statement:  "Create 261,000 jobs....."

When I look around, I see millions of jobs every day that need doing.  Millions and millions.

The problem is not the false, fake, faux of job creation as exemplified in labor unions, government, and bureaucracies, which are simply "jobs without work" to be done.

The real problem is, "How do I get paid for the millions and millions of jobs that desperately need to be done???" 

 

 

 

 

Fri, 10/07/2011 - 11:50 | Link to Comment anony
anony's picture

I don't understand the first thing about, "Economics".

Let's say that the FED prints all the trillions of dollars it must to put 250,000 'muricans to work every month, whether it's to go into paid training for the jobs in infrastructure that desperately need to be done, or if they have the skills required to go right to work in those jobs and others that need to be done, like alternatives to fussy fuels.

Where is the harm, and why?

Anyone?

Fri, 10/07/2011 - 12:09 | Link to Comment Shvanztanz
Shvanztanz's picture

If I lose 1.6 Million dollars of the family's cookie jar money at the casino, but then play some nickle slots and un-lose back 103,000, then doesn't that mean that my old lady will be thrilled that instead of the 1.6 million we have 103k instead? But Sweetie, I WON 103,000$!!

How is it that 400k jobs X 4 weeks in the month = -1,600,000 jobs but a corresponding monthly total for hires is 103,000 (to be revised) = -1.497 Million.  

How is that considered a GAIN of any kind. That's like when the school yard bully punches you in the gut, while taking your lunch money, but says with a laugh, don't worry, I'm investing it for you. You'll be rich someday.

I wonder if this is the math that has the protesters so furious.

 

Fri, 10/07/2011 - 13:28 | Link to Comment Problem Is
Problem Is's picture

Yeah but how many jobs need to be created before the end of Obama Bin Lyin's one and only term???

Wed, 11/09/2011 - 12:31 | Link to Comment karmete
karmete's picture

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