Home > Economy, Unemployment > 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

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

“Recently there has been a surge in cherry picked employment charts highlighting that the Obama administration has done a great job in rescuing the economy. The premise goes: after dropping to as much as 700K+ jobs lost per month, the administration has managed to pull off a miraculous recovery and now we are riding on a wave of 8 consecutive “private jobs” beats in a row. This argument is so shallow we won’t even bother with it. Perhaps the “economists” who espouse this theory will be so kind in their next iteration of their charts to overlay the monthly US debt issuance side by side with the jobs number. 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.”
Via Zero Hedge

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Categories: Economy, Unemployment
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