170000 seems a bit steep to me, but the workforce participation rate will definitely have dropped to a new low.
Yes, the numbers are fabricated out of whole cloth to suit the political whims of the governing class, but how 'bout a prediction just the same?
I say it's no higher than 100,000. What do you say? Predictions?
Sentiment: Strong Buy
America will regret for a VERY long time the mistake of putting this piece of amateur garbage in the White House.
CEOs are paid a salary to see to the prosperity of the corporation and the interests of its shareholders. The CEO's livelihood is on the line if the corporation fails to be profitable. Granted, poorly-performing CEOs are sometimes unwisely retained and even paid bonuses, but lowering their pay or cutting them loose is not the prerogative of the state, "society", or "the public".
$787,000,000,000 was squandered on ObaMao cronies and garbage of every imaginable (and unimaginable) kind.
Teachers, firemen, and policemen aren't, either. The MARKET determines the worth of a person, product, or service.
Mr. Market determines what people get paid, no one and nothing else. That's a fact just as absolute and immutable as any natural or physical law. Violate it, and there's heck to pay. Lots and lots of heck.
It's the employer's capital, risk, life, and well-being that are at stake, and the right to control his property, his initiative, in the manner that he or she sees fit. The employer and the employee are the only stakeholders. Imaginary entities, constructs like "the people", "society", 'the public good", etc. are not stakeholders -- they are Marxist delusions.
They can't get jobs because ObaMao's smothering, smallbox-ridden blanket of socialism and ludicrously radical environmentalism (read: Keystone pipeline) has utterly destroyed the labor market. We have the lowest workforce participation rate in like 30 years.
Lower or get rid of the onerous corporate income tax, and it will happen.
Well, maybe you're right about ObaMao not punishing success. He sure fed Solyndra every last nickel of taxpayer money he could get his crony capitalist mitts on.
I know, I know, "people before profit.". But no profit = economic stagnation = widespread poverty = lots of miserable people.
Burger-flippers are not as valuable to the market as CEOs, doctors, pro athletes, movie stars, and rock stars. So sorry.
The most salient FACT is that Obama has run up more debt than all previous presidents combined.