July 6, 2011

Graph of the Day: What Recovery?

Filed under: Economy,Quotes, Etc. of the Day,Taxes & Government — Tom @ 5:50 pm

Or, as I’ve been saying for 18 months: “Rebound? What Rebound?

From SOBer Alo at Brain Shavings, with appropriate embedded editorial commentary:

non-recovery

If I had designed it (which I didn’t; the Minneapolis Fed did), I would have started the current graph at June 2008 instead of December 2007 to reflect when the recession as normal people define it and the POR (Pelosi-Obama-Reid) Economy began.

The first six months of the “recession” as drawn up above are historically mild, and there’s no reason why the real recession which followed had to be as severe as it was. But, as I said in my most recent Pajamas Media column, “Revisionomics“:

… in the five months or so leading up to the 2008 presidential election, Pelosi, Obama and Reid deliberately frightened the economy’s key players with promises of steep tax increases, wealth redistribution, government control of medicine, punitive regulation, and energy starvation.

The rest is history. As BizzyBlog commenter “JoeC” told us four years ago (with a bit of paraphrasing by yours truly), it’s a vivid illustration of “The Democrat Effect: the rational response by entrepreneurs, businesspeople, and investors to imminent or already present excessive government intervention, overbearing regulation, crippling litigation, and taxation, all of which seriously curtail economic activity.”

Those in the administration and the establishment press (but I repeat myself) who try to deny that the economy is worse now than when Barack Obama was inaugurated are essentially saying that the red line’s Month 41 is better than its Month 13. They are willfully blind in one eye and deliberately won’t see out of the other. As contributors to a meaningful debate about solution or providers of information, they are useless.

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UPDATE, July 9: At the Economic Collapse Blog — “Rampant Unemployment = The Death Of The Middle Class – 40 Facts That Prove The Working Class Is Being Systematically Wiped Out.”

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12 Comments

  1. Tom,

    Look at this one…

    http://market-ticker.org/akcs-www?post=189355

    Comment by Greg — July 6, 2011 @ 6:15 pm

  2. #1, thx. That’s going to take a lot of processing, but my immediate reax is “Cloward Piven.”

    Comment by TBlumer — July 6, 2011 @ 6:43 pm

  3. I love the graph. FYI, I have a new article coming out here in a day or so.

    Comment by dscott — July 7, 2011 @ 2:28 am

  4. [...] rest is history. As BizzyBlog commenter “JoeC” said four years ago (with a bit of paraphrasing), it’s a vivid illustration of “The [...]

    Pingback by Graph of the Day: What Recovery? | The Conservative Papers — July 7, 2011 @ 10:41 pm

  5. [...] http://www.bizzyblog.com/2011/07/06/graph-of-the-day-what-recovery/ [...]

    Pingback by Stiri scurte: 08.07.2011 « George Valah Blog — July 8, 2011 @ 4:24 am

  6. [...] Recovery- What do you think? Interesting silly string, huh? BizzyBlog [...]

    Pingback by Recovery- What do you think? - Jobs, employers, employees, hiring, resumes, occupations, government, laws, unions, contracts, workers, part-time - City-Data Forum — July 8, 2011 @ 11:34 pm

  7. [...] #4 The United States has never had an employment downturn this deep and this prolonged since World War 2 ended. [...]

    Pingback by Rampant Unemployment = The Death Of The Middle Class – 40 Facts That Prove The Working Class Is Being Systematically Wiped Out | Hawai`i News Daily — July 9, 2011 @ 12:45 am

  8. [...] #4 The United States has never had an employment downturn this deep and this prolonged since World War 2 ended. [...]

    Pingback by Rampant Unemployment = The Death Of The Middle Class | 2012: How is it happening? What's the 'real' truth? — July 9, 2011 @ 10:38 am

  9. [...] The United States has never had an employment downturn this deep and this prolonged since World War 2 ended. #5 There are officially 6.3 million Americans that have been unemployed for more than 6 [...]

    Pingback by 40 Facts That Prove The Working Class Is Being Systematically Wiped Out | _ — July 9, 2011 @ 10:42 am

  10. [...] Yes Plan 9 – Maybe Blue Beam! Well they already made unemployment looks so much better in 90's by changing calculations and erasing people. So hard to use that to fix those pesky employment problems. I have seen the debate over corporate owning govt or govt owning corp. They all hang out together and pal around and have money and power you don't. Either way "We are borg! Resistance is futile" I posted this in another thread, but it doesn't look so good. BizzyBlog [...]

    Pingback by Unemployment Rises To 9.2% There is no "recovery." Period. - Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President - Page 10 - City-Data Forum — July 9, 2011 @ 10:51 pm

  11. [...] #4 The United States has never had an employment downturn this deep and this prolonged since World War 2 ended. [...]

    Pingback by Truth About American Economy From TheEconomicCollapseBlog.com | Dystopia Earth — July 11, 2011 @ 11:48 am

  12. [...] Graph:  What Recovery? [...]

    Pingback by Economics and Investing: - SurvivalBlog.com — July 11, 2011 @ 8:24 pm

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