Jul
09
2012
Job Losses During Obama’s “Recovery”
Living under the rule of an adolescent collectivist means never having to go a whole day without looking at a terrifying chart. This one compares the job loss picture with that of other post-recession periods:
Another four years of Obama would be catastrophic.
On a tip from Wilberforce.
Heh, most of the recessions don’t even get as low as this one still is, and none has lasted as long.
Social justice is like absolute zero. It can never be reached, but the closer you get, the more you find yourself shivering your butt off in the bitter cold.
It’s clear that businesses and “the people with the money” are keeping the purse strings clenched tightly until Obama is gone. I had firsthand knowledge of this sudden clenching even BEFORE he was elected, I was starting a business and looking for investors and I was TOLD that NO-ONE is doing ANYTHING because “the people with money” were absolutely terrified of even the IDEA of Obama getting elected. So, the above graph is NOT surprising in the least. Everyone is clenched. I would attribute what growth there is to simply the inherent energy dispelled by the minimum possible activity – such as how many calories a person burns by sitting on the couch watching tv.
A frightening feature of these curves is that up until 1979, all recessions lasted 2 years, most of them lasting for much less time.
After 1979, recessions became progressively longer. The order is: 1981, 1990, 2001 up to the horrendous BO recession of 2007, still going.
This change after 1979 roughly corresponds to the slow increase in the hyper-regulated, federal-state managed business economy we have today.
You would not see this trend in Hong-Kong.
In other words, the U.S. is using up the largess previously created through what once were the forces of free(er) enterprise.
The “business of doing business” (Coolidge) is being supplanted by collectivism , leaving an ever-weakening free-enterprise economy made more fragile by the year.
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There’s a Nobel in economics in there somewhere.
bob,
There is no doubt no one in business is spending.
IBD estimates that the number of venture capital firms has diminished by 39%– of the remaining I would guess that the number of firms still in existence but not doing anything significant, is as high as 95%.
Personally, I will relocate my own business out of the U.S. as soon as there is a solid signal that the Kenyan will be strutting back into the WH.
Civilian Employment – Population Ratio.