This Is Depressing
As if this week’s absolutely terrible jobs report wasn’t bad enough news, there’s a longer, more lingering negative to consider: The lagging pace of our so-called “recovery.”
Seriously, people … this “recovery” has got some serious “slows” when compared to bounce backs from prior economic downturns.
Just take a look at this chart from CalculatedRiskBlog.com …
(Click to enlarge)
As you can see, the depth of the current recession is much deeper than prior downturns … but just look at the lackluster stamina of the current employment rebound.
Get that recovery some Viagra, yo!
Also it’s worth noting that economic rebounds were also slower than usual in 1990 and 2001 – which we attribute to the ever-expanding government-industrial complex, which crowds out, over-taxes and and over-regulates the private sector a little more with each passing year.
Seriously … just look at how fast the economy rebounded in 1948, 1953, 1957, 1960, 1969, 1974, 1980 and 1981. And look at the upward trajectories following those downturns compared to the more recent ones.
Big government is killing this country, people … it’s as simple as that.