Going Galt: Obama’s Employment Line Worst Since 1948

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….

.

"Loophole" from Obama's IRS: Protect your IRA or 401(k) with gold and silver... click here to get a NO-COST Info Guide >

Comments

  1. RacerJim says:

    The Republican leadership should be showing that chart to the electorate 24/7/365.

  2. womenfly says:

    No surprises to see that chart… Odumbo and Demorats… get a clue!

  3. Basil Irwin FloydReports.comThe following chart is published by The Business Insider at 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.

  4. Stoptherhetoric says:

    Are you kidding me????

    Taxes are lower on individuals and Corporations than at ANY time since 1950!!!

    Corporations are earning record profits for the 2nd year in a row and they are sitting on a record $1.7T in CASH!

    In 1980, the Top 1% earned 9% of total U.S. income and 80% of U.S. manufacturing was done in America.

    Today, the Top 1% earns 22% of total U.S. income and less than 50% of U.S. production occurs in America!!

    Trickle down economics, deregulation and deunionization are the 3 primary reasons for a loss in Middle Class income and the shipping of 20 MILLION U.S. jobs overseas!

    We don't have the same Middle Class economy anymore thanks to these policies, they have been moved to China and India, thus enriching Wall Street and the Top 1%, while disenfranchising the Middle Class…

    The faux expansion we had under W had nothing to do with jobs and everything to do with phantom wealth growth through a subprime lead housing boom, When the greed of Wall Street culminated in the financial collapse, the Middle Class was left upside down in their only real asset, their home.

    With 20M jobs shipped overseas and negative job growth under W, which resulted in this mega Recession hitting in 2007, there is not the same job base that existed in the 50's, 60's and even the 80's.

    I am sure the President has made mistakes, but at some point, people have got to wake up to what David Stockman, Budget Director for Reagan, said "trickle down economics has been a disaster for Middle Class and America."

Speak Your Mind

*