Who indeed?
You often hear assertions to the effect that in the past the economy has always rebounded strongly after a recession, so there must be something special at work here — and that something special must be the socialist in the White House.
Yet the reality is that weak recoveries have actually been the norm for the last two decades: both the 1990-1991 recession and the 2001 recession were followed by prolonged “jobless recoveries”.
Take another look at what we're going through and tell me we should be out of danger now two years after the failure of the biggest banks and financial firms in the world as well as the automotive industry.
Come on people.
11 comments:
But Obama hasn't magically fixed the problems of the past 30 years yet, and he was supposed to be able to do that in like a year or two! Therefore he's a terrible president and I hate him.
Sincerely,
Your average braindead American
Dear Beer: You're awesome.
What a great comment Beer and thanks for posting Cali Girl (I'm new here)
I'll be back again......
Glad to have found you, thanks to injaynesworld. Excellent graphic to share far and wide.
north of the border we are fascinated with the absurdity of it all.....
Green Monkey: Welcome. Thanks for commenting. Come back!
Nance: so glad you came over from jayne's blog, which I always enjoy. Please come back & thx for the post.
Mermaid: I bet you are. :)
Exactly!
PRECISELY!
If i was American, Obama would be getting my vote.
Alan: Too bad nobody is listening.
Mama Zen: ditto
Lemons: Thanks for commenting. I wish you were American because Obama needs all the help he can get. Republicans are becoming more confident they can beat him (83% as of most recent ABC/Washington Post poll) and only 58% of Dems think he will win re-election. Not good.
Fantastic chart! Thanks for sharing it.
if i've said it once i've said it a thousand times, i LOVE paul krugman!
thanks for the chart!!!!!
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