Saturday, November 5, 2011

How Bad is the US Great Recession?

Want to know why the Occupy Wall Street crowd is out in all major US cities? Simple: this is the worst recession since the Great Depression.

Add to that: the Republicans are blocking every attempt to mitigate the depth and length of the recession.

The US is looking forward to a lost decade. Already the recession has been 4 years in extent. It will linger for the next 6 (and maybe more) because of political infighting and incompetence.

Here is one simple picture from the Calculated Risk blog that shows just how bad this Great Recssion truly is:

Click to Enlarge

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