Posted on 07/09/2009 9:26:05 AM PDT by McGruff
Now it’s official, as far as the labor-backed Economic Policy Institute is concerned: The present crash is the worst U.S. economic slump since the Great Depression. And that’s even before the June jobless numbers came out.
“This recession has become the longest and deepest economic downturn since the Great Depression,” EPI director Larry Mishel and co-author Heidi Shierholz wrote, noting that as of May, it was in its 16th month. June makes it 17. “In order to see how this recession stacks up against previous post-war recessions, we compare labor market indicators at the start of recessions to their values 16 months later,” Mishel and Shierholz said. Some key findings:
(Excerpt) Read more at workdayminnesota.org ...
During the Great Depression they had the Great Commie making things worse for everyone except his buddies. This time we only have that Pinko Punk doing the same thing.
How can it be the longest and worse? Obama has only been in office 6 months!!
Well, I could tell that a long while back... It was only a particular and select group of posters who were in continuous denial of this being the case, citing the reason that no one could really believe anything being reported from the MSM and they were simply trying to get us to believe something that wasn’t true in the first place... LOL...
Even the MSM can report some information that is factual from time to time... :-)
Remember (and in reference to the MSM, too...) a *good lie* is one that is about 98% true and it’s only about 2% of it that is false. That’s what makes it a good lie...
The current recession is the fault of a democrat Congress starting in 2006. Thats a fact jack.
Unemployment-wise, it is still not as bad as 1982. And interest rates and inflation are about 1/4 of what they were then.
I’m so glad that we mortgaged our future on the bailout scam. Think of how bad things would be if we hadn’t done it immediately. < /sarc >
Republicans better learn to inform people that the Dems have been in charge of congress since the 2006 elections. Credit where credit is due.
A Pinko is a Commie. Just not as good at it as a real red like that FDR.
The stock market tanked when Barack Obama got appointed by the media in February 2008. The writing was on the wall.
As a congressional report just released says differently.
I am guessing 0bama will (as he has already done this countering Biden's MISREAD words and blamed Bush)
When he does reporters HAD BETTER severely question how he can blame the GOP or Bush when a congressional report has said otherwise. Obama lied about the last stimulus; he needs to act like a leader and not a radical elitist governing so far left we look communistic and cease the blame game or resign the Presidency. (Which he will never do) so someone had best call for impeachment for his firing of IG Gerald Walpin-for starters...
• “While the labor market shed 5.7 million jobs since the start of this recession, in those 16 months, the population continued to grow. Just to keep up with growth, the economy must add approximately 127,000 jobs every month. Two million jobs should have been added over this period. In other words, the economy is now almost 8 million jobs below what is needed to maintain pre-recession employment levels.”Meanwhile, foreign workers are still arriving with work visas at the rate of 140,000 per month, and the Free Traitors are still petitioning for more and more.
Even if the economy could create 127,000 jobs per month, the foreign work visa workers would get all of those, plus displacing an additional 13,000 American citizens per month.
6 months ago, I couldn’t spell President, now I are one....
...of these 57 states...
Obama is saying that the economy that he inherited is far worse than previously thought, even though he was calling it the great depression when he “inherited” it and he had to jam through the stimulus without anyone reading it because we would all be dying on the streets of starvation if not!
The whiz kids in the media and the ivory towers defined the recession as having started in December 2007.
Seems to me no one was calling it that until the Spring of 2008.
I would also say that we have been in a Depression since the beginning of 2009.
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