Obama's economy is getting nasty

Most pictures are worth a thousand words. This one's worth several thousand. Click it to see it at full size.

Job loss V chart

The explanation:

The second graph shows the job losses from the start of the employment recession, in percentage terms (as opposed to the number of jobs lost).

For the current recession, employment peaked in December 2007, and this recession was a slow starter (in terms of job losses and declines in GDP).

However job losses have really picked up over the last 9 months (4.4 million jobs lost, red line cliff diving on the graph), and the current recession is now the 2nd worst recession since WWII in percentage terms - and also in terms of the unemployment rate (only early '80s recession was worse).

Don't forget this, either:

CBO deficit chart

Or this:

Unemployment red dots graphic

Nice work, Obama.

Comments

This section is for comments from readers. Don't assume that I agree with or otherwise endorse any particular comment just because I let it stand. By the same token, remember that your permission to comment lasts only as long as you're willing to be polite.

Sign in using Movable Type, OpenID, LiveJournal, Vox, or TypeKey

Recent Entries

    All you need to know about Obamacare
     
    Text of the Obamacare bill
     

     

     

     
    Uncommon Valor
     
    Close