Econ Recon
So the recession was officially over in June 2009. Good news, I suppose. The question for politicians is the lag time--how long will it be before voters feel it's over?
Usually we start feeling better faster. I get the feeling there won't be much movement until unemployment goes down significantly. When the recession ended, unemployment was actually slightly lower than it is now.
posted by LAGuy @ 12:30 AM
3 Comments:
Yep, the Great Recession is over!
[Official National Unemployment Rate = 9.6%. Actual National Unemployment Rate = 22%.]
Whew, that was a rough year and a half!
[Current National Debt = $13.5 Trillion... and growing.]
Glad everything's back to normal now!
[Next week: U.S. declares wars on poverty, racism, and illegal immigration won!]
Well at least the Mission was Accomplished in 2003
It was in 2003 when Bush saw the highest unemployment of his two terms. It got slightly above 6% and his opponents were calling it the worst economy since Hoover. If we could get it that low again, I guarantee Obama fans would declare Mission Accomplished.
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