AMERICANS NEED JOBS !! NOW !!

MY SUGGESTION WOULD BE THAT PRESIDENT OBAMA SHOULD CALL EVERY COMPANY IN THE USA AND SAY ,,

HAVE I GOT A DEAL FOR YOU !!

FOR EVERY NEW WORKER THAT YOU HIRE THE GOVERNMENT WILL PAY 50% OF THOSE NEW !! WORKERS WAGES FOR ONE YEAR !!

ALSO THE GOVERNMENT WILL LOWER YOUR COMPANIES TAXES BY 20% FOR 5 YEARS !!

NOW IS THAT ASKING TOO MUCH FROM OUR GOVERNMENT ?????????????

I BET THERE WOULD BE MILLIONS OF NEW JOBS OVER NIGHT !!

ALL I REALLY WANT TO KNOW IS MY IDEA A GOOD ONE OR AM I NOT SMART ENOUGH TO KNOW THAT MAYBE MY IDEA IS NOT REALLY A GOOD IDEA ???

MY SIMPLE LOGIC IS THAT IF MY IDEA IS IMPLEMENTED THEN THE NEW WORKERS WILL BE WORKING AND AT THE SAME TIME THEY WILL BE PAYING !! TAXES !!

ALSO THE NEW WORKERS WILL START BUYING
A NEW CAR OR
A NEW HOME AND OTHER NEW ! PRODUCTS AND WHEN DOING THAT ,
THEN MORE NEW JOBS WILL BE CREATED .

OR IS MY COMMON SENSE APPROACH A WRONG IDEA ??????????

If a lot of people get Jobs when the Government offers to Pay 50% of their Salary then those people will ,,

NOT !! be collecting UNEMPLOYMENT

and NOT collecting WELFARE

and NOT collecting FOOD STAMPS ,,

but they will be working a regular Job and PAYING TAXES and BUYING NEW Products like maybe a

NEW TV or
a NEW COMPUTER or
a NEW CAR or
a NEW HOME , Etc. Etc.
and that will creat NEW JOBS !!

So is my Idea sounding better now ???????

and it's also true the executive branch and Congress has the ability to limit immigration and it's also true they continually want to increase it. Worse still is the spin, which is as thick as a blizzard, that increased immigration adds jobs. No it does not, all things static. There is worker displacement, substitution with the immigrant labor instead of the worker who is already here. Worse still is the claim that we have a worker shortage. Every year we import millions of foreign guest workers and that's just obscene considering the high levels of unemployment. There is no skills shortage, not in any occupational category, including scientists, PhDs, engineers in this country.

Probably the most brazen example of the denial that immigration levels negatively impact those already here when there exists weak economic labor demand (high unemployment), is the refusal to reduce H-2B foreign temporary guest workers. Literally stimulus funds were used to hire H-2B foreign guest workers instead of those locally, in areas with 30%+ percent unemployment and in most cases, where the local area unemployed already had the skills and had been working at those jobs for decades until they were lost.

This site is non-partisan but the spin on immigration is beyond disgusting. One wants to blame Democrats since they are the party of illegals, but don't buy that. The GOP ALSO wants more foreign guest workers and also tried to claim the above. Why? Because corporations, foreign business and other nations lobby our politicians and make huge campaign contributions, all to get their unlimited supply of foreign labor which also happens to be a conduit to offshore outsource even more jobs.

Not all immigration is worker substitution but a lot of it sure as hell is, esp. these days with 28 million people in reality needing a good job. Lobbyists and their economist cohorts write fictional white papers, literally setting the worker substitution variables to zero in labor economic theoretical formulas, or removing these variables completely out of the equation. These people should be condemned for biasing their figures, same as a pharmaceutical company putting out bogus clinical trial data.

Of course only a few nerdy people such as myself can follow the mathematics and know they just trumped up some completely bogus assumptions and assertions to spin their results in these papers. You can bet politicians don't read that deep or read anything beyond the number on the check. Politicians' staff might read a glossy fictional one page flier from a lobbyist, complete with talking points to lift for speeches.

Look, media, esp. Fox news doesn't even report statistics accurately. On this site we try our damnest to be accurate because of that.

But trying to blame the left is just ridiculous, it is BOTH and it is NOT taxes which cost so many jobs, it is GLOBALIZATION, bad trade deals and the STRUCTURE of those business taxes.

BOTH PARTIES only do lobbyists' bidding and that is the problem, but don't think it's just Obama/Reid/Pelosi. It's also Boehner/McConnell/Ryan.

Then, if that isn't bad enough, sprinkle the other Senators and House leaders who sabotage important bills, add loopholes, refuse to regulate derivatives, enable stimulus funds to be offshore outsourced, refuse to put U.S. citizens in top priority for jobs and the list goes on and on.

Bottom line, if you want to fix a problem, it would be very helpful to identify the correct cause and we spend a lot of time on this, from the facts, statistics, not some rant du jour from some pundit.

We need as many jobs that we had before we went into the Recession. We need for jobs to come back to the US. This is the problem. Businessmen have stated it over and over and over. You cannot OverTax
the Businesses that were here before the Recession. That is what made the Recession. We are in a
Depression and unless and until Congress stops ignoring these facts, it won't get any better.
Obama promised all these Greem Jobs. America is not ready to go completely Green. Its an IDEAL, but its not a fact. Businesses coming back to the US will have to have their Taxes Reduced until they can
get going again. Its too SIMPLE and Congress doesn't get it. If one more Congressman says they are
going to Fix WASHINGTON, I am going to throw up. Another 4 years of Obama playing around with the Economy
will not get it. He hasn't enough guts to put a Mandate on Congress. We need a Take Charge President. somebody that is willing to Stand up to Pelosi, Harry Reid and all the Special Interest Groups that keep popping in with their AGENDA. I am talking about the Overwhelimg Latino Population that decides what
they need and want. If we had a President that the American Public Liked and he would stop pandering to
everybody but the TAXPAYER--- he would find out that what has worked for hundreds of years, will still work. We can't have our Government fighting amongst themselves. We can't have a President that lets the Lobbyiest take over. President Obama said he would make a change, the only thing he changed was giving us
a Health Care Plan that he can't pay for. We are in debt Trillions of dollars. He never seems to mind that his Ideas are just good on paper and verbally, but nothing has transpired except the Debt. He has not done anything he promised. He now asks us to give him more time? For What. We don't hear any new ideas, just use the same ones a little longer. Are you kidding me.

Here we go, within 24 hours of Fed flooding market with free cash for TBTF, we have violence and mayhem in North Africa and the Middle East spreading (Yemen, Sudan, and other places along with Libya and Egypt) which will directly affect oil supplies. All that money printed will now chase less oil and we can sit back, watch oil prices skyrocket, and feel the pinch in everything we buy or rent or use that depends on oil (which goes way beyond just filling up at the gas station). Thanks Fed and the TBTF that control the Fed at our expense.

The army of unemployed out here can tell you indeed.com and all the other relevant sites are showing fewer and fewer positions. If someone's unemployed out here in the US in 2012, he/she can quickly tell you from personal experience that the same jobs are being posted month after month or taken down and then reposted. Long-term unemployed will have all the miserable intel on the state of the US worker and non-existent jobs. Temp firms always solicit resumes and then never get back to people, or even have them come in for interviews, fill out extensive forms, talk to them for 10 minutes, promise all sorts of great opportunities sure to come soon, and then radio silence - they will also ignore every email or phone attempt to reach them. While fake jobs were posted with more frequency, now it's basically temp firms and it's easier to spot them because no temp firm has so many new jobs every day at the salaries they quote. Also, check out craigslist and other major sites that are demanding people work for free for "experience."

Also, check out the forums on indeed.com by frustrated job seekers, sites for unemployed support or city-data sites. Also about.com has thousands of tales from people talking about their situations (everything from new MBAs that can't get started to IBM workers fired at 50 after training their replacements). I trust those sites far, far more than any govt. propaganda or press. The real experiences of the folks struggling gives us far more real, believable info. and clearly flies in the face of govt. and business lies that "workers suck in the USA, and we're ready to hire except for uncertainty and the fact that Americans are unskilled welfare addicts."

Job openings one has to question if employers are just putting up snow to obtain more foreign guest workers and to outsource, and/or if they are being so unbelievably picky they simply do not want a human being in the position.

JOLTS was actually released September 11th and because there is just so little movement in the statistics, I weren't going to overview the report.

I changed my mind with Bernanke using the the jobs crisis to justify open ended quantitative easing to show how stagnant this is.

It is NOT a skills mismatch. We skipped the Beveridge curve graph because we are so stuck in a jobs crisis for so long, even that graph has become impossible to read. There is only so long one can place a data point on top of a data point, as they barely budge and are on top of each other year after year. That said, there is NO skills mismatch. It's not an employee problem, it's an employer problem. See the bottom links for the BLS graphs.

And as requested, the Fed gives the TBTF banks exactly what they wanted - more free money printed out of thin air. And all that money, when not siphoned off for unearned bonuses and salaries over $20 million/year, will go chasing food and fuel, driving up food prices for everyone (not a real worry for those that dine in posh restaurants every day at taxpayer expense) and fuel prices. Toss in any Middle East oil supply shortage and we're screwed. All transportation costs will shoot up for everything carried anywhere for sale, plane tickets, heating oil, driving to or from a job (if those are anywhere to be found) or riding a bus or transportation of any kind, petroleum products will become more expensive (which basically covers a huge number of items, from chemicals to plastics and everything else in modern society), etc. In the previous two attempts, the Fed has done nothing to improve the unemployment situation. This money printing is only done at the behest of the big banks that don't care if we suffer inflation like the Weimar Republic or Robert Mugabe's Hades. People on fixed incomes are now doomed. Ironically, people collecting fixed incomes from unemployment are one of the major groups to be screwed, but Ben says he's looking for job growth? Great, suffer now for sure, and maybe in 1-10 years you might benefit somehow, but not likely at all.

But because nearly all of us are barely scraping by, the Fed's claim that it was concerned about the unemployed is a complete lie. Bernanke himself said in one interview he was purposely blowing up asset prices in the market because if people felt richer, they would feel better about spending money, creating demand, and that would cause companies to hire. Is that convoluted and tortured thinking or what?

First, no one has enough money in the stock market to feel better in 2012. Second, if stocks are going up, people are most likely to take that money out to feed and clothe themselves and pay off debt in 2012. Third, assuming people actually spend the money and companies hire, those companies have been proven time and time again to not hire Americans, but overseas, so the $ never winds up here as a paycheck. Fourth, isn't the building up of, and obsession over, "confidence" and feeling good the marks of a Ponzi and confidence game? So the Fed finally admits it. Finally, how about the Fed is honest, says these moves just give out money to TBTF, and this time, it realizes Americans outside corporate boardrooms and TBTF banks could actually use any money to pay bills and survive. I'd settle for 1/20 of Dimon's paycheck, I'll wait for it in the mail Ben, thanks.

When the Fed finally unloads it's holdings, boy is that going to be painful. This is like a heroin addict. We now have an unlimited time line for Wall Street crack, we're all supposed to "invest" in this 75% HFT gambling casino now.

Great details Numerian, I don't think the financial press has discussed the actual holdings and their implications in a long time.