Basil Irwin, FloydReports.com
The following chart is published by The Business Insider at Chart of The Day:
This chart compares the progress of unemployment levels for recessions prior to 1948 by using the nadir of unemployment as the zero point in time for each depression. Thus one can compare the relative progress of employment loss and subsequent employment recovery for each different recession. Notice that the lowest line, which I call the “Obama Line,” shows that the current recession is far worse than any since 1948 in terms of both depth of employment loss, as well as duration. In fact, the duration trend is extremely frightening, because unless something dramatic changes, we are unlikely to return to current employment levels for at least another decade.
The “Obama Line” thus starkly illustrates that the destructive economic policies promulgated by the Democrat-Marxist-Progressive-Socialist-Obammunist ideologues have been wildly successfully in promoting their stated and desired goal of “shared sacrifice” for we, their subjects, instead of shared prosperity for everyone….