The boys would seem to have a bit of a problem on their hands.

Anybody think we have more than a snowball’s chance in hell of seeing 7% growth anytime in the near future?

Mish is right; chronicly high unemployment for at least a decade…

http://briefing.com/Investor/Public/Calendars/EconomicReleases/employ.htm

Key Factors

•The knee-jerk thought to the rise in unemployment was that it had to be due to workers reentering the workforce. However, that was not the case. The labor force declined by 31,000 people as 259,000 workers left the workforce over the last month.
•The jump in the unemployment rate was solely due to an increase in the unemployed. It was not from any statistical manipulations.

Want to know why?

Really?

Here goes…..Too much of the dynamic behind this election was cut along racial lines. This is endemic to America as a whole. It’s engrained. And as much as we’d like to think we’ve made progress, African Americans, who are a major voting block in these United States, had NEVER come out to vote for a candidate the way they did with President Obama. See, friends, we still have racial lines drawn in this nation, and they aren’t the old hate lines of the past. I think that the 08 election showed us that Change was coming, simply because it was something to rally behind. It was something that voting block could cheer for. They won’t un-elect him will they? What candidate from another racial or socio-economic background could unseat him?

It will be 4 more years for President Obama. COunt on that. My Hope is that the division that his ideas in Year 1 have caused will be a great unifying tie in the later years of his Presidency. I want him to succeed, because that will be good for America.