Free Markets, Free People

Quote of the Day: Unemployment reality check edition

James Pethokoukis provides us with the quote (a little context when you hear all the “sunshine and roses” employment reports):

[T]o restore the job market to the state it was in back in 2007, before the recession, would require the creation of 14.8 million jobs in today’s terms, a daunting task to say the least.

FRED supplies the graphic:

 

040212obamajobsgap

 

Enough said.

~McQ

Twitter: @McQandO

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14 Responses to Quote of the Day: Unemployment reality check edition

  • Uh, uh….Trayvon…FLUCK…squirrel…!!!

  • However, that is not really so important for purposes of reelection, What is important is that things be clearly seen to be moving in the right direction. But that is not really happening. And as we begin to feel more and more of the bite of the Obama era regulations I don’t see things improving.

  • As Insty says…..THIS is why they’d rather talk about hoodies, and birth control.

  • No no, I must disagree. This WAS the quote of the day, April 2nd, 2012, up until Baracka Obama said –
    ““I just remind conservative commentators that for years we’ve heard that the biggest problem is judicial activism or a lack of judicial restraint. That a group of people would somehow overturn a duly constituted and passed law. Well, this is a good example. And I’m pretty confident that this court will recognize that and not take that step”

    Read more: http://www.politico.com/news/stories/0412/74743.html#ixzz1qv2t8nXY
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    • @looker Well, nobody ever accused him of a chutzpah deficit… ‘Course, his HHS Secratary just overturned the 1st Amendment a few days back, but, hey…that was ancient history.

    • @looker Yeah. If Obama ever went hunting and shot somebody (for whatever reason), he would blame it on the Republicans

    • @looker by congress admission, nobody read the law before they passed it. That’s not duly constituted under any circumstances. Suk it, socialist punk.

      • PS look, that was directed at the Red, In Chief , not you!

        • @The Shark lmao – yeah, I know, I’m hoping they take that into consideration after taking everything else into consideration and politely remind him that there’s a reason we have a three CO-EQUALS foundation of government. He must have been out that day while learning to be a crackerjack Constitutional Scholar.

  • Right on cue, predictable as sunrise, Obama decides to demonize the SCOTUS. Heh…. Little b*tch must think his bill is in jeopardy.

    Once in a lifetime chance to ram their agenda through and these idiots may have fumbled the ball on the 1- yard line. Could we be so lucky?

  • The narrative reply would be that a large number of baby boomers decided it was time to retire (either from just getting older or because Bush’s destruction of the economy.) In reality, a higher percentage of the people over 65 are working now than before the recession.
    Does anyone know if FRED, or any other govt agency, has done a similar chart showing people of ‘normal’ working age? The data is here in chart 597, but a graph made by me wouldn’t be as influential, even using the same data.
    http://www.census.gov/compendia/statab/2012/tables/12s0597.pdf