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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Lane3 who wrote (103656)2/9/2009 7:53:42 PM
From: freelyhovering  Respond to of 541978
 
slack is for rich Republicans. The rest can grovel and get 'hush-puppies'.



To: Lane3 who wrote (103656)2/9/2009 8:37:04 PM
From: TimF  Read Replies (1) | Respond to of 541978
 
True, but welfare reform was one of those rare, significant, potentially long term, improvements on previous government habits. It would be a shame to lose it.

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A response to the "this is the worst economy since the great depression" idea

A chart of percentage job losses in every post WWII economic downturn



scienceblogs.com

This one looks bad compared to the very mild 1990 recession, or even the most resent circa 2001 recession, which means its been awhile (around 25 years) since we had something comparable, but really so far we have a typical post WWII level of job loss.

Which is definitely a bad thing, anything beyond a mild recession really hurts. But however painful a non-mild recession is, some perspective is nice.