General Discussion

mikekohr

(2,312 posts)

26. Here is a graph that compares depth of recession/depression and recovery time

Sat Dec 17, 2011, 06:23 PM

Dec 2011

?

This length of this recovery is consistant to the depth of the recession and historically comparable to others, including its closest in depth, the Hoover gifted Great Depression. We lost over 8 million jobs in George W. Bush's Great Recession/Depression. It will take time to bring those jobs back.

The greatest monthly job creation of all time occured under the economic policies of Wild Bill Clinton, +236,000 per month. It would take nearly 3 years of similar record job growth just to backfill the gaping hole Bush left President Obama. But unlike President Clinton, President Obama also inherited a staggering GDP collapse of over 9%, record national deficits and debt, two wars, and state and local governmental layoffs that have accounted for over 671,000 lost jobs since 8/2008.

Bush's Great Recession may not have been technically a "Depression," but it was close and the closest thing we have seen since 1929.

http://1.bp.blogspot.com/_mHSyEv8vBt4/S6Z6xo0qSnI/AAAAAAAAACY/p8SkoEnN5dw/s640/job+creation+by+president.jpg?

http://bureaucountydems.blogspot.com/p/job-growth.html

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Historically speaking , is this a quick recovery ? [View all] surfdog Dec 2011 OP

What recovery? n/t Le Taz Hot Dec 2011 #1

Ummm... surfdog Dec 2011 #2

And unemployment is at 8.8%. Le Taz Hot Dec 2011 #7

"You cannot have a jobless recovery" surfdog Dec 2011 #12

That's a pretty long post with only 2 facts in it. Joe the Revelator Dec 2011 #16

Oh the DOW is up. Thank god. We're all rich again. n/t leeroysphitz Dec 2011 #10

Since the poster made no claim about anyone being "rich again" Dewey Finn Dec 2011 #20

The Dow is not the economy. nadinbrzezinski Dec 2011 #11

Virginia hit a record number (900k) people who applied for emergency food aid in november peacebird Dec 2011 #3

It's your opinion that... surfdog Dec 2011 #4

I do not blame Obama, but I also do not think that we are in any sort of healthy "recovery" peacebird Dec 2011 #6

Agreed Sherman A1 Dec 2011 #24

Depends on what "things" you are talking about SomethingFishy Dec 2011 #8

Was that a serious question? dixiegrrrrl Dec 2011 #17

Given that President Obama faced a second Great Depression. bluestate10 Dec 2011 #5

The President's Policies are working -graphs- mikekohr Dec 2011 #9

"It is currently 21 straight monthes of private sector job growth" surfdog Dec 2011 #13

That post you noted is not factual -more graphs- mikekohr Dec 2011 #19

ok, if Obama really wants to be re-elected he needs to keep all those charts & graphs & SHOW StarsInHerHair Dec 2011 #38

No, historically speaking this is one of the longer recoveries. n/t MadHound Dec 2011 #14

The George W. Bush Great Recession/Depression was America's 2nd greatest economic downturn mikekohr Dec 2011 #22

This is not a classical V-shaped recovery that characterized coalition_unwilling Dec 2011 #15

This message was self-deleted by its author HereSince1628 Dec 2011 #36

It is excruciatingly slow, despite huge efforts to goose it. Yo_Mama Dec 2011 #18

to answer your first question in a word, no. Tuesday Afternoon Dec 2011 #21

No - growth worldwide has been very slow, and there is an underlying reason bhikkhu Dec 2011 #23

no, it's very slow one Enrique Dec 2011 #25

Here is a graph that compares depth of recession/depression and recovery time mikekohr Dec 2011 #26

that's a graph of GDP Enrique Dec 2011 #28

The Impact of the Recovery Act, In a Few Easy Charts, by Jared Bernstein mikekohr Dec 2011 #30

I think the comparisons of data pre and post Stimulus is the most compelling. nt JoePhilly Dec 2011 #34

What recovery??? n/t Mimosa Dec 2011 #27

Please try to keep up. Dewey Finn Dec 2011 #29

Don't most experts think it will take till at least 2020? MattBaggins Dec 2011 #31

We are in the initial phase of a massive depression. ixion Dec 2011 #32

Strongest Job Recovery In Decades is Underway mikekohr Dec 2011 #33

How quick does it look to you? DesMoinesDem Dec 2011 #35

Part of the problem is the definition of recovery customerserviceguy Dec 2011 #37