We Need To Generate 254,000 Jobs A Month For 65 Months To Get To Pre-Depression Employment Levels By The End Of An Obama Second Term...

Every time the projected number of how many jobs have to be created by the end of Obama's (hopefully) improbable second term, the number goes up. First it was 245,500 in April, then 250,000 in June, now it is 254,000: it seems to increase by 5,000 each month. As a reminder, this projection looks for the breakeven number that has be attained to restore (not surpass) the jobs that the US economy had back in December 2007 as the Depression started, when accounting for the natural increase of 90,000 people/month in the labor force. Needless to say, there is no way the US economy can create a quarter million jobs per month from now over the next 65 months, as long as the president continues to pander to Wall Street's "wealth creation" via asset returns instead of directing capital into actual economically viable projects that focus on wealth creation through labor....