Who's the real job killer? (user search)
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  Who's the real job killer? (search mode)
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Author Topic: Who's the real job killer?  (Read 909 times)
Torie
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Posts: 46,084
Ukraine


Political Matrix
E: -3.48, S: -4.70

« on: July 27, 2012, 05:30:47 PM »

Someone should put up a chart tracing the rate of recovery from this recession vis a vis prior ones. It's the trajectories that count more than on whose watch the trough was. But hey, the Dems are doing the best they can just using absolute job change numbers on each watch. It's all they have, so who can blame them? Will it sell?  Probably not.
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Torie
Moderator
Atlas Legend
*****
Posts: 46,084
Ukraine


Political Matrix
E: -3.48, S: -4.70

« Reply #1 on: July 27, 2012, 09:02:06 PM »

Someone should put up a chart tracing the rate of recovery from this recession vis a vis prior ones. It's the trajectories that count more than on whose watch the trough was. But hey, the Dems are doing the best they can just using absolute job change numbers on each watch. It's all they have, so who can blame them? Will it sell?  Probably not.

The trajectory should be compared solely to the Great Depression, Torie, because all the intervening recessions were 'good-policy' Keynesian recessions (hardly worthy of the name recession).  This one is the bad old kind - pure capitalist collapse.

You are not old enough to remember them all opebo. The one attending killing stagflation from LBJ guns and butter forward was a killer, and in the meantime the stock market in real dollars did something that was in the neighborhood of what happened in the Depression. I was involved with a law firm that collapsed from the early 1990's recession, which hit white collar "industries" particularly hard.
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