Chart of the Day

posted at 12:45 pm on July 17, 2010 by Ed Morrissey

Ezra Klein calls this “the scariest jobs graph you’ve seen yet,” and for good reason.  The center-left Brookings Institute calculated what kind of job growth it would take to reach pre-recession employment levels, and how long it would take. Brookings takes into account population growth and therefore calculates that in this month, the total employment gap has expanded to 11.2 million jobs.  According to their analysis, adding jobs at a rate equal to the best average monthly rate for any one year in the past decade will mean we won’t catch up to pre-recession employment until 2022 (via Newsalert):

Looking ahead, there are several challenges to sustained job growth. The boost to economic activity from the American Recovery and Reinvestment Act is winding down and job losses related to temporary Census workers will continue in July. Further, the four-week moving average of initial claims for unemployment insurance have hit their highest level since March and have remained above 450,000 all year.

The “job gap” underlying these numbers is daunting. In recent months, on this blog, we described the job gap — the number of jobs it would take to return to employment levels from before the Great Recession, while also accounting for the 125,000 people who enter the labor force in a typical month. After today’s employment numbers, the job gap stands at almost 11.3 million jobs.

How long will it take to erase this gap? If future job growth continues at a rate of roughly 208,000 jobs per month, the average monthly job creation for the best year for job creation in the 2000s, it would take 136 months (more than 11 years). In a more optimistic scenario, with 321,000 jobs created per month, the average monthly job creation for the best year in the 1990s, it would take over 57 months (almost 5 years).

What has been the rate of job creation during the Obama administration?  Er … -181,000 per month, but that includes the entire 2009 year.  If we start in 2009Q4, when Obama argued that Porkulus and his other economic policies started taking effect, the rate of job creation under his policies has been … +39,000.  Bear in mind that this includes the massive Census Bureau hires made by the Obama administration in 2010.

How about just the private sector?  The Brookings calculation isn’t limited to the private sector, so it’s a bit like comparing apples and oranges, but few people doubt that private sector jobs have to return in force to close the jobs gap.  The average monthly growth in the private sector during the entire Obama term has been -192,000, and the average growth since the beginning of 2009Q4 has been +14,000.  In other words, two-thirds of the growth numbers from Porkulus come from government hiring, not private-sector growth.

How long will it take to close the employment gap with a growth rate of +14K in the private sector?  It’s flat-out impossible, because we’re digging the hole deeper each month at that rate.  Under the failed Keynesian policies of the Democrats in Congress and the Obama administration, 2022 looks like a pipe dream instead of a nightmare.


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Obviously we need to increase the minimum wage. /s

RBMN on July 17, 2010 at 12:47 PM

This Administration is “shovel ready”, so let’s bury it.

itsnotaboutme on July 17, 2010 at 12:48 PM

It is ideologically impossible for the left to let the free market hit the critical mass needed to generate the hundreds of thousands of jobs needed to provide prosperity. They are that blinded by hate and terrified at the formation of a private sector free of their domination.

rob verdi on July 17, 2010 at 12:50 PM

Obviously we need to increase the minimum wage. /s

RBMN on July 17, 2010 at 12:47 PM

That and amnesty for the illegals should solve it.
*lib moron

VegasRick on July 17, 2010 at 12:50 PM

“There’s no possibility to restore 8 million jobs lost in the Great Recession,” – Bite Me

Electrongod on July 17, 2010 at 12:51 PM

We are screwed. Pray for a miracle that in 2012 we will get a real president, a leader who puts the country and the constitution ahead of politics/agendas/tee time etc..

kathleen on July 17, 2010 at 12:53 PM

Just wait till 2011 when the tax cuts will expire and healthcare is starting to be taken out by employers. I would think very few businesses will hire anyone. Look for more to go overseas also. This seems to be going as planned by this bho and team! I so detest this bho!
L

letget on July 17, 2010 at 1:01 PM

But don’t all recessions take many, many years to get back to earlier employment levels?

That being said, Obama & Co. are trying as hard as they can to cripple the US economy as much as they can. Historians will look back at the Obama administration as the “How to Ruin Your Economy Worse than it Was” or “If you could think of 10 things to ruin your economy, well, Obama did 11.”

albill on July 17, 2010 at 1:01 PM

Lord Obama is on track to destroy the country he never really liked to begin with. Then he can build his Worker’s Paradise atop the rubble.

Luckily, the Founders foresaw this and put in place the 2nd Amendment.

Justrand on July 17, 2010 at 1:01 PM

Ship all the illegals out and that frees up quite a few jobs.

ButterflyDragon on July 17, 2010 at 1:01 PM

That being said, Obama & Co. are trying as hard as they can to cripple the US economy as much as they can. Historians will look back at the Obama administration as the “How to Ruin Your Economy Worse than it Was” or “If you could think of 10 things to ruin your economy, well, Obama did 11.”

albill on July 17, 2010 at 1:01 PM

You’re kidding, right? Many historians still claim FDR saved America from the Great Depression due to his wonderful economic policies. You think they’re finally going to be truthful when it comes to Obama?

ButterflyDragon on July 17, 2010 at 1:03 PM

Obama has a plan to create millions of new jobs… for foreigners. Just legalize 10 million poor illegals, not enforce the border, and encourage tens of millions more to invade. He is basically saying screw Americans, we’ve had it too good for too long and now he’s going to make us pay.

ray on July 17, 2010 at 1:06 PM

The frightening part of this is that Scooter et al are going to panic and think they have to do something, anything, to make it look like they are in command. The only thing they understand is throwing more money at it.
I’m thinkin’ this deficit commission is going to come up with some pretty draconian tax increases and a wink and nod towards decreased spending. Double whammy for real unemployment cures.

a capella on July 17, 2010 at 1:08 PM

Luckily, the Founders foresaw this and put in place the 2nd Amendment.
Justrand on July 17, 2010 at 1:01 PM

What are your bright lines?

My triggers are postponing elections, confiscation of 401Ks/ IRAs, shutting down the internet, and abandoning our troops in Afghanistan once their supply lines are cut.

NaCly dog on July 17, 2010 at 1:09 PM

Hmmm. I know what let’s do… let’s give amnesty to all of the lawbreakers who came here illegally. That’ll bring the number of people vs. the number of employed people ….

um….

….nevermind.

hillbillyjim on July 17, 2010 at 1:11 PM

comedy gold. this needs to be featured on Top Picks. (via Gateway Pundit):

Tired of that tattered tramp stamp on your car’s bumper?

http://gatewaypundit.firstthings.com/2010/07/finally-manufacturer-introduces-obama-bumper-sticker-removal-kit-video/#comments

sbvft contributor on July 17, 2010 at 1:12 PM

Does Barney Frank know about this? I’m sure he’s got some regulation and top heavy legislation that should smooth this over.

Weight of Glory on July 17, 2010 at 1:12 PM

Why does Bush hate black people?

Why does Ojesus hate American people?

hillbillyjim on July 17, 2010 at 1:13 PM

What are your bright lines?

My triggers are postponing elections, confiscation of 401Ks/ IRAs, shutting down the internet, and abandoning our troops in Afghanistan once their supply lines are cut.

NaCly dog on July 17, 2010 at 1:09 PM

Any attempt to “postpone” elections pretty much does it for me. I’ll “go galt”, well supplied in several important resource categories.

Who is John Galt on July 17, 2010 at 1:13 PM

So what does this mean for my generation? Are we going to have to wait a decade to even begin our careers?

Dark-Star on July 17, 2010 at 1:14 PM

Obviously we need to increase the minimum wage. /s

RBMN on July 17, 2010 at 12:47 PM

That and amnesty for the illegals should solve it.
*lib moron

VegasRick on July 17, 2010 at 12:50 PM

And raise taxes on people who still have jobs. You know “The rich”.

Oldnuke on July 17, 2010 at 1:16 PM

So what does this mean for my generation? Are we going to have to wait a decade to even begin our careers?

Dark-Star on July 17, 2010 at 1:14 PM

A few months ago, the numbers came out that everyone in America owes $47k via the national debt. When I told my college-sophomore, he said “We don’t have it. We won’t pay it”. Certainly true for all of your generation.

Draw your own conclusions.

Who is John Galt on July 17, 2010 at 1:17 PM

Er, college-sophomore son…

Who is John Galt on July 17, 2010 at 1:18 PM

So what does this mean for my generation? Are we going to have to wait a decade to even begin our careers?

Dark-Star on July 17, 2010 at 1:14 PM

What is this career thing of which you speak? After graduation, go back home and live with mom and pop, till pop loses his job. You won’t be able to get married, of course. Your new career may be somewhat different than what you envisioned. It could involve making tools out of flint, harvesting roots and berries, plus fishing with bone hooks and hunting with spears. Learn to speak Mandarin and a couple of Arabic dialects. Never forget which direction is east. Oh, and get a dark tan, if possible.

a capella on July 17, 2010 at 1:29 PM

Under the failed Keynesian policies of the Democrats in Congress and the Obama administration, 2022 looks like a pipe dream instead of a nightmare.

Heh, not to mention that if Øbama pursues his ‘green economy’, he will likely destroy over two traditional jobs for every ‘green’ job that he creates.

petefrt on July 17, 2010 at 1:29 PM

So what does this mean for my generation? Are we going to have to wait a decade to even begin our careers? Dark-Star on July 17, 2010 at 1:14 PM

I think you’ll only have to wait until 2013. With the high unemployment for the young employables, even the youth are seeing the terrible fruits of Obamunism. Barackalypse Now!

Mojave Mark on July 17, 2010 at 1:32 PM

So what does this mean for my generation? Are we going to have to wait a decade to even begin our careers?

Dark-Star on July 17, 2010 at 1:14 PM

I doubt it. I’ve noticed the last election cycle with McCain running that the younger generation in school right now really have a dislike for older people.

I’ve never seen such ageism on such a level before the 2008 election cycle. I go to many websites and see downright hostility in communications about people that are over the age of 40 or so.

I have a feeling due to this upcoming generation, older people will be the ones SOL in the job market.

ButterflyDragon on July 17, 2010 at 1:34 PM

After Ocare starts working, who’s going to be around til 2022 to know if these eggheads are right about their projections. Will they say it unexpectedly didn’t turn out exactly as they forecast?

Kissmygrits on July 17, 2010 at 1:34 PM

Under the failed Keynesian policies of the Democrats in Congress and the Obama administration, 2022 looks like a pipe dream instead of a nightmare.

It’s not because of the failed policies, it’s because of the previous administration and “Too often, the Republican leadership in the United States Senate chooses to filibuster our recovery and obstruct our progress. And that has very real consequences,” Obama said in his weekly radio and Internet address.

Why, if there were no Republicans on the planet just THINK of what this administration could accomplish.

/s

scalleywag on July 17, 2010 at 1:39 PM

So what does this mean for my generation? Are we going to have to wait a decade to even begin our careers?

Dark-Star on July 17, 2010 at 1:14 PM

Realistically, probably two or three decades unless you possess some special knowledge or specialty that did not require job experience to gain, have medical training that can be sustained at lower returns, or know someone who can get you a government job. Or, you may have to consider those low-paying jobs “that Americans won’t do”, or working for sub-par wages under the table.

I’m glad I’m retired and out of the job market. Consulting contracts have really dried up in what was my nitch as venture capital has gone foreign.

Yoop on July 17, 2010 at 1:41 PM

How about massively slashing the corporate income tax?

visions on July 17, 2010 at 1:42 PM

They are that blinded by hate and terrified at the formation of a private sector free of their domination.

rob verdi on July 17, 2010 at 12:50 PM

This is a great point. Liberals right now are terrified to enact tax cuts or loosen regulations or anything like that, not because they don’t think it will work, but because they are scared to death that it will. It would shatter their whole worldview.

If they really cared about economic growth, they would ask themselves why 2 trillion dollars are on strike right now and what they could do to get that capital in the game. But, they wouldn’t like the answer.

JohnInCA on July 17, 2010 at 1:43 PM

Any attempt to “postpone” elections pretty much does it for me. I’ll “go galt”, well supplied in several important resource categories.

Who is John Galt on July 17, 2010 at 1:13 PM

I hear what you are saying, but what if the elections go on and there is so much voter fraud (dead people, felons, etc.), that we don’t win as many seats as we should have?

Mirimichi on July 17, 2010 at 1:44 PM

Any attempt to “postpone” elections pretty much does it for me. I’ll “go galt”, well supplied in several important resource categories.

Who is John Galt on July 17, 2010 at 1:13 PM

Any attempt to steal the election!
Any New Black Panther shows up at my polling place is gonna need an ambulance or hearse to leave.
I don’t hate all Black men just the racist ones!
Oh and half and half in the WH.

dhunter on July 17, 2010 at 1:45 PM

ButterflyDragon on July 17, 2010 at 1:34 PM

I work in a college town and I’ve never gotten that impression from the students here.

scalleywag on July 17, 2010 at 1:47 PM

Im not sure what all the grumbling is about… the high unemployment and lack of economic stimulation is putting us in a unique position to volunteer. Forget about a career or a paid private sector job, those are for losers, we can all be community organizers or spend time down at the soup kitchen, let the rich worry about taxes and deficits and all that nonsense.

Koa on July 17, 2010 at 1:47 PM

I keep telling my kid to keep hammering the grades and keep doing the ROTC work. If he earns that commission he might be one of the few in his class that gets a good job… Civil Engineer or Pilot!

dhunter on July 17, 2010 at 1:48 PM

How about massively slashing the corporate income tax?

visions on July 17, 2010 at 1:42 PM

That, and how about Mr. President repeals the health care bill that scares the crap out of businesses both large and small! How you start of expand a business when you have no idea how much your costs are going to be after all these bills become law?

scalleywag on July 17, 2010 at 1:51 PM

Koa on July 17, 2010 at 1:47 PM
Hey I’m organizing a 9/11…. 9/12 Rally to throw the bums out and restore God, Constitution, Guns and Family!
We can all organize even if its the neighborhood, town, county or several states we must take our country back from the 60′s loser generation.
If WWII is the greatest generation then the 60′s fossils destroying this country are the LOSER Generation!

dhunter on July 17, 2010 at 1:52 PM

this is pretty much part of the plan. in France they have high youth unemployment, in italy people live with their parents for a long time

unemployed can be students forever (fodder for the professors), they get free healthcare.

In France there was an effort to try to get a special class of worker permit for young people…but there were riots against it, so it died.

in a liberal socialist country this is pretty much common…now of course you go to the Soviet model and everyone has to work…no unions, etc.

r keller on July 17, 2010 at 1:53 PM

scalleywag on July 17, 2010 at 1:51 PM
My boss was circulating health insurance apps the other day and I asked whats up annual recommission for you insurance pal and he said nope premiums are going up 40%.
I said wow same exact day Rush told us the Pinnochio announced ALL Insurance plans were to provide free cholesterol, colon and mammogram screenings at no cost to the consumer.
wait till that good news is factored in.
“You can keep your current plan”….. if you still have one….. I hate that lying braying jacka$$!

dhunter on July 17, 2010 at 1:56 PM

“It could be worse. At least unemployment isn’t at 12, 13 or 15%” – Spoken by someone who cares

“Unemployment checks are the fastest way to get the economy working again” – Spoken by a caring something

“And people should learn that lesson about me, because next year when I start presenting some very difficult choices to the country…blah..blah” – Who cares

“We got our mops and our brooms out, we’re cleaning stuff out, and they’re sitting there saying: ‘hold the broom better’; ‘that’s not how you mop, Don’t tell me how to mop. Pick up a mop!” – STFU

Electrongod on July 17, 2010 at 1:58 PM

“You can keep your current plan”….. if you still have one….. I hate that lying braying jacka$$!

dhunter on July 17, 2010 at 1:56 PM

Unfortunatly by mandating that change there are no “current” plans as they all have to be changed now to offer the “free” services.
But as no one will have a job in Obamas future America that will not matter as we will all be covered by the benevolent governments soylent green plan.

Koa on July 17, 2010 at 2:00 PM

Socialism and statist government remains the biggest hurdle to job growth.

jukin on July 17, 2010 at 2:05 PM

“Bring it on!”

-crr6

Bishop on July 17, 2010 at 2:07 PM

If you’re looking for skills, learn how to repair things; welding, basic fabrication, small engine. I can tell you right now that there aren’t enough competent welders or small engine guys available, I know because I employ them.

Americans are going to need to keep what they have now running longer through any means necessary, if you can do that you will find ready work especially if you get paid under the table.

Bishop on July 17, 2010 at 2:11 PM

The thing that angers me the most is when I look at my two grandchildren and I wonder exactly what sort of world are they going to be struggling in later in life because of the actions of Pelosi, Reid, Obama, Frank, Dodd, Boxer, Waters, and every single SOB Democrat in Congress who are destroying this country’s financial stability and not giving a damn of the consequences in the process!

pilamaye on July 17, 2010 at 2:12 PM

pilamaye on July 17, 2010 at 2:12 PM

Ever heard the song “Silent Running”? That is what our younger generations will be doing and dealing with.

Bishop on July 17, 2010 at 2:20 PM

This dumb-ass administration is trying the same failed practices of the Rossevelt administration which needed WW II to bail it out. Only because they they tried to extort Japan out of China did they incur an attack which brought on the war and a reawakened economy.
Point:http://blog.heritage.org/2009/01/14/were-spending-more-than-ever-and-it-doesnt-work/

LarryG on July 17, 2010 at 2:25 PM

Forcing people to buy insurance will fix it.

lorien1973 on July 17, 2010 at 2:26 PM

Who knows what’s going to happen to our current insurance, when Mr. President’s rainbow and unicorn bill comes into play. My premiums went up this year and my deductible jumped $1200!

scalleywag on July 17, 2010 at 2:32 PM

The answer , of course, is

1 Higher taxes
2 Ceding the state of Arizona to Mexico
3 The unionization of all American labor
4 Government control in all phases of business planning, development and expansion.
5 Strict government mandates replete with fines, penalties and even imprisonment for any small business that does not follow government guidelines to the letter on Obamacare.
6 At least 3 (4 would be better) more either Sotomayors or Kagans sitting on the Supreme Court.
7 The re-election of all Democrats during the mid terms.
8 The re-election of Glorious Leader in 2012.

If we follow these steps the economy will fully recover by ’11– 2111! Also don’t forget-the complete government control of the internet would also expedite matters.

MaiDee on July 17, 2010 at 2:33 PM

+39,000. Bear in mind that this includes the massive Census Bureau hires made by the Obama administration in 2010.

Yes and many counted several times, correct?

January 1, 2011 The tax cuts expire, new taxes take effect, with additional regulations and new paperwork. As I wrote on another thread, these are what I call “Disaster Multipliers.”

Add to that the new financial regs from this week…

All the deep water drilling rigs left due to the fiat from Lord Bozo. I see a lot of businesses following suit.

They will leave the poisoned pool and take their jobs elsewhere.

dogsoldier on July 17, 2010 at 2:34 PM

BTW, I forgot to ask, why do we have five or six guest worker programs running in our present unemployment situation?

All the H1-B workers need to be sent packing.

dogsoldier on July 17, 2010 at 2:36 PM

Big surprise. Over a year ago in this comments section I said it would be at least years and possibly over a decade before we would recover. I am so far out of the mainstream that no one even bothered to make fun of my comment.

burt on July 17, 2010 at 2:51 PM

itsnotaboutme on July 17, 2010 at 12:48 PM

When I finally get banned, I am gonna come back for posts like yours and these charts.

IlikedAUH2O on July 17, 2010 at 3:11 PM

Actual solutions:

(1) Commence aggressive deportation of illegal aliens. Any company found to have hired employed an illegal alien pays $2,500 per illegal — regardless of the size of the hiring company. Using the fines, fund one way airline tickets to send the illegals home

(2) Concurrently, build an actual fence on the Southern border. Use eminent domain to acquire private land for a 2 mile distance in from the border. Build once fence every 1/2 mile for 5 fences

(3) Hire the unemployed to (a) build the fences and roads and border facilities, to be border guards, and to audit the companies for illegals. Hire 1 million people for this for a 3 year period — over this period, deport 30 million people (probable estimate of actual illegal population).

End result — no more unemployment.

SunSword on July 17, 2010 at 3:17 PM

Obama is kind of like Nero, playing his violin while Rome burned. With all the problems this country has, and his inability to meet them, he does the only thing that he is good at doing besides reading the teleprompter. He goes on vacation….!

DL13 on July 17, 2010 at 3:22 PM

Geez people, you are so STUPID. All the government has to do to bring the unemployment rate down to the pre-recession levels is redefine how the unemployment rate is calculated. They’ve done it before and they’ll do it again.

PackerBronco on July 17, 2010 at 3:55 PM

Might help a little if they did something about the jobs held by illegal aliens. I read somewhere in a side bar that I still can’t find again, that many of these jobs are NOT menial, some are pretty high up on the pay and skill ladder. Don’t know if it’s true but wouldn’t be surprised.

jeanie on July 17, 2010 at 4:40 PM

Screw them.

Repeal, repeal, repeal and American entrepreneurship will create all the jobs we need.

AshleyTKing on July 17, 2010 at 4:44 PM

[Comment deleted, user banned -- Ed]

jukin on July 17, 2010 at 4:47 PM

jukin on July 17, 2010 at 4:47 PM

No, that’s not how we do things in the United States.

dogsoldier on July 17, 2010 at 6:24 PM

So what does this mean for my generation? Are we going to have to wait a decade to even begin our careers?

Dark-Star on July 17, 2010 at 1:14 PM

That depends. If you have the right political beliefs, belong to the right party, have never been a Republican or affliated with the tea party or other right wing terroist groups, have the right connections, the required bribe, and the ability to do something the government has a need for, you should have no problem. In the mean time as we go though this socialist phase getting a medical techniation degree from your local junior college will probably insure you have a job. If you can exapand that to a BS in something like nursing, you will do better. Look at Great Britian, or England in Obama speak, 70% of the national budget goes to their socialised medicine. Looking beyound that, especially for your kids, jobs that are needed in government will be the best path as long as they can get to know the right people and have the cash to make the required bribes.

Obama was raised by his grandfather for a reason. His grandfather was a communist and he saw the potential to use him to achievethe goals of the Communist Party USA. To achieve that his grandfather arranged for Frank Davis, a Moscow appointed member of the CPUSA to mentor Obama from nine years old until he was in his late teens. If you are going to be an effective socialist/communist, you can not do much better than that. Davis’s goals would be the same as the party and those called for, in part, expansion of government, destruction of corportation by bankrupting them with (green) enviornmental laws, and instituting smaller local production in commnities. They call those “communes” in the Soviet Union.

You would have to be blind and in a coma not to see those goals unfolding today under Obama’s presidentcy. We are seeing the stage set for socialism and the expansion of government needed to allow it to opperate. We are also seeing the destruction of our Republic which is the creation of a federation of states, each with their own independent power of government and citizens, and a Federal government created by the citizens of those states to deal with common needs and defense. Socialism can not operate within the sturcture of a republic. It has to have the central control that a democracy provides. We use democratic procedures but we are not a democracy. We probably will keep our constitution, for a while anyway, but it will be redefined as a living document; meaning that it can be reinterpeted to reflect the needs of the current time. The old Soviet Union had a great consititution, but no one knew what was in it. Apprently someone knew the phrase, “separation of church and state” was in it and decided that it looked good written in the margin or ours, which to their disappointment, did not contain the phrase.

Once we are done with this playing around with socialism while our society crashes down around us, we move on to communism. It will be a time when even the basic needs are no longer able to be meet and we are not part of the world since we can no longer aford to buy anything unless you are a party member in good standing and needs.
By then we will have those famous soviet housing czars who control blocks of living units. Moving to a new unit will be very difficult and only slightly less for your kids. They will have to decide which set of parents have the most room and which are more likely to kick off first or at least grandmother and grandfather free up some room in the near future. With space premium we will get used to those sleeper sofa beds and appliances half the size of what we have. Only the elites will live like the lower middle class do today as they have needs that the little people do not have a need of. You will not have to worry about a job. Once you reach the 6th grade, the state will decide if it wants to invest any more education in you. Its not your choice since the state owns your education. IF you have promise, you get to go on to higher specialized education. If not your assigned to your job or factory. Its a union dream since you get paid if you work or not and you can not be fired.

There is the future Obama has in mind. You just have to get over your desire for a career and figure out how you can fit into Obama’s work force.

Franklyn on July 17, 2010 at 6:43 PM

Let’s just keep the checks coming ..

(Hope that worked.. preview button didn’t)

pambi on July 17, 2010 at 7:57 PM

Funny, I was just talking to Mr. rockmom about this. He agree that if employment is not back up by a lot this time next year, Obama is toast. No president has ever been reelected with an economy nearly as bad as this one. He really is going to be Jimmy Carter redux.

The vast majority of people who are unemployed right now want to work. In a real job, with a prospect for advancement – not in a temporary government make-work job. If this situation does not improve, they will DEMAND leaders who actually understand how jobs get created – and killed – in this country. They will not be bribed or silenced with a few shiny trinkets from Barack Obama.

rockmom on July 17, 2010 at 8:33 PM

There is the future Obama has in mind. You just have to get over your desire for a career and figure out how you can fit into Obama’s work force.

Franklyn on July 17, 2010 at 6:43 PM

To be honest, I’m starting to rethink my firm stance against marching in lockstep with either party. Integrity is great but it doesn’t pay the bills, but being a part of a group actively leeching from the entire taxpaying public is no small thing to have on one’s conscience…

Dark-Star on July 17, 2010 at 9:37 PM

Crazy Eddie says it’s time for a massive labor walkout for higher wages…

karl9000 on July 18, 2010 at 9:01 AM

We are in for a depression that will be the mother of all depressions.
This is the dawn of the fall of civilization as we know it.

The only thing that has a chance of stopping this is the Tea Party and it’s still gonna get a hell of a lot worse before it gets better.

Plant your gardens and start raising chickens and rabbits.

TheSitRep on July 18, 2010 at 9:34 AM

But don’t all recessions take many, many years to get back to earlier employment levels?

See for yourself. percent job losses in post-WW II recessions

By this time, all but one of the previous ten recessions had compleatly recovered the jobs lost. The one that hadn’t, took almost four years.

LarryD on July 18, 2010 at 11:03 PM