While I am moving to the view that 2007-201x will prove more like the “D word” than post WWII downturns, we can count on Nancy Pelosi to totally distort the employment data. The graphic at left is correct – thanks to Justin Fox. Justin links to William Poley’s excellent graphics covering the last eleven recessions.
This typical Pelosi screw up makes me wonder if she is simply stupid. But I continue to believe she is really shrewd and deeply dishonest, probably with herself as well.
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