Friday, September 2, 2011

The Breadth and Depth of the US "Little Depression"

Luckily the current 3+ year recession isn't as bad as the Great Depression, but it is certainly far worse than any recession seen since WWII. This graphic from the Calculated Risk blog makes that very clear.

Click to Enlarge

You can't look at the above graph and not realize that America is in one big rut and Obama and all the politicians in Washington need to stop bickering and pass a really big stimulus bill to put many, many millions of people back to work.

I don't believe the Republicans have it in them to be honest and put the interest of the country before their cynical and petty political maneuvering. I really do believe they want to sabotage the US economy in the crazy belief that that will deliver them big electoral wins in 2012.

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