Obama Must Create 230,000 Jobs A Month Until The End Of His Second Term For Return To Breakeven – Charting The New “7 Year Itch” Normal

Because you see if you drown the economy in unrepayable debt, while using transfer payments to fund the digging of trenches by every man, woman and child who makes up the labor pool, then yes – you may get 0%, or even negative, unemployment overnight. Will it bankrupt the country (even faster)? Why, of course. But whoever said those who discuss politics subjectively ever care about the long-term implications of reality. So in the vein of sharing pretty charts, here is one: we show job losses since the beginning of the Recession (excluding for the impact of census hiring), juxtaposed to the natural growth rate of the Labor Pool (and not the artificial one, which according to the BLS is the same now as it was a year ago). We discover that i) 7.6 Million absolute jobs have been lost since the beginning of the Recession; ii) that a record 10.5 Million jobs (and you won’t find this statistic anywhere)
Obama Must Create 230,000 Jobs A Month Until The End Of His Second Term For Return To Breakeven – Charting The New “7 Year Itch” Normal