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This Graph Says an Awful Lot About the So-Called ‘Recovery’

Cowboy

Wait for it.
GOLD Site Supporter
Yup, Bushes fault. :doh:


Lately, we’ve heard a lot about “the recovery” and lot of arguing over who’s to blame for its supposed slowdown. But before we got too bogged down in who’s responsible for retarding economic growth, maybe we should first look at the data.
Without one word of explanation, Harvard University econ professor Greg Mankiw posted the following graph to his blog:
Source: Bureau of Labor Statistics
As you can see, the shaded area indicates the recession and everything to the right of that is the so-called “recovery.”
Huh.
So, was this what the White House meant when it said we’re moving in the right direction or should we just not read too much into the data?
(H/T: Hot Air)
 

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
I'd love to overlay a graph that shows the number of FEDERAL employees.
 

Kane

New member
There is a dynamic occurence that the economists do not seem to talk about. The gray shaded area, instead of being labeled 'recession', should more aptly be labeled the GREAT WINTER PANIC of 2008. A panic between presidents.
 
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