Job Market Vigilantes Graphed!

Remember my classic post "Job Market Vigilantes" and its siblings (here and here)? Well Mark Perry has found a graph that illustrates the work of the job market vigilantes - second graph here. The GDP trend would indicate businesses have cause to hire, but nope. Not with all the regulatory attacks, thuggery, rhetoric, extra-legal maneuvering, and two giant 2000+ page bills that nobody has read. They need to have confidence in the rules again in order to hire and look now further than yesterday's news out of the Gulf coast to tell you where business's confidence in the rules ought to be. I've said this in so many ways. The jobs won't come back until the entire modus operandi of the Obama administration and everything they stand for are things of the past.