True, but job creation is late in the cycle. Employers are reluctant to create new jobs until they are sure they will last. It's painful to lay people off if it's a temporary blip. Instead they'll work the survivors until they can give no more - and the survivors, having had their shoulders recently brushed by the wings of the Angel of Economic Death, will work very hard inded to save their jobs. (They all know former co-workers how haven't been able to find a job in months/years).
Many jobs AREN'T coming back. EVER. But there will be more jobs created, some pretty good, some pretty minimal
The big question is will it be in time to save Dubya? If not, we are all in really big trouble...
Exactly my sentiments.