Karl Malone's Elbows
Batum: once in a lifetime
- Joined
- Feb 6, 2009
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Cool graph. So extrapolation suggests that even if the job losses have now hit bottom, it will take something like 7-8 years to recover the jobs. And if we haven't hit bottom, then we are looking at more than a decade for recovery. Not very encouraging.
Of course, history might not repeat itself, and this recession could have a different curve.
barfo
I picked the wrong time to graduate...last September. Still don't have a real job.
Anyone want to hire me? I'm very good.
You just made the GOP argument to not throw away $1 trillion, with an extrapolated debt, into government projects.
You just made the GOP argument to not throw away $1 trillion, with an extrapolated debt, into government projects.
You just made the GOP argument to not throw away $1 trillion, with an extrapolated debt, into government projects.
At what?
See Bush's stimulus package.
Reading the initial post again, I notice the poster has chosen to use actual jobs lost and not the unemployment rate. Here is a different graph based on unemployment rate and not actual jobs lost, since it makes sense that we would have more jobs lost since the population is much larger now than it was in previous recessions.
This compares some economic indicators to recent recessions. President Obama is apparently lying when he calls this the worst economy since the Great Depression, but hell, he has some pork to sell to the public, so I don't blame him.
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Edit -look at that 30-year mortgage rate for 81-82. How did our parents afford their homes?