Full jobs recovery coming early . . . . . . . . . . . . in 2017

U.S. On Track To Reclaim Lost Jobs ..................... In September 2017

9/3/2010 9:16 AM ET - So far in 2010, the U.S. economy has added 723,000 jobs — for a monthly average of just 90,375. At this year's pace, the U.S. wouldn't recoup all those 8.36 million lost jobs until September 2017 — 117 months after the December 2007 high. More »

Editor's notes: understand that the economy is going to recover, come hell or high water (read: Obama). In fact, most economists believe that had the Government done nothing, the recession would have lasted no more than 18 months. Instead, we are nearing the third anniversary of this current recession . . . . . . . . . with no end in site.

What most people do not get is that there is a "natural" business cycle that carries more force than the combined influence of all the "stimulus" passed into law in the last 20 months. We are in that cycle. We are saying that we are entering a season typified by a downturn - even if times were good.

Construction will soon enter this downturn because of the weather, if nothing else.

Manufacturing lost 27,000 jobs last month, the first job loss since December.

Effecting or adding to the force of this cycle are the increased cost demands on employers because of ObamaCare and the yet-to-be written regulations in the 900 page Wall Street financial reform bill.

Understand that the reason Congress writes an incremental bill is that this smaller bill can be fully written in short order, removing the "unknown" factor, allowing the employer to develop a profit oriented strategy in spite of the new law.

With Obama, the legislation is so involved that strategies cannot not be formulated quickly. Take the health care bill; this is a 2700 page "outline" that no one read. It was passed without the details, definitions and regulations necessary to making it a viable law. The "bill" is not the problem - the devil is in the details and they (the details) will take 4 years to fully write. As a result, pressure against hiring is the result.

Ditto for the FinReg bill (financial regulation bill). This is a 900 page that no one read before passage; it will take months and month to fully write. In the meantime, Wall Street and small business has to wait before they can evaluate the bill for profit oriented strategies.

In the midst of a massive jobs recession, Obama's legislative agenda has become a barrier to recover that will take a year and more to overcome.