Take a good long look. Using BLS numbers, Nancy Pelosi's office compares the pace and depth of job losses in the current recession with those of the most recent ones. The blue line represents the 1991 recession and red line is the recession of 2001. That green line dropping almost dues south is where we are so far as of today.
This chart compares the job loss so far in this recession to job losses in the 1990-1991 recession and the 2001 recession -- showing how dramatic and unprecedented the job loss over the last 13 months has been. Over the last 13 months, our economy has lost a total of 3.6 million jobs - and continuing job losses in the next few months are predicted.
By comparison, we lost a total of 1.6 million jobs in the 1990-1991 recession, before the economy began turning around and jobs began increasing; and we lost a total of 2.7 million jobs in the 2001 recession, before the economy began turning around and jobs began increasing.
So yeah, let's continue to screw around. Let's continue to pretend that the other side has any credibility at all left on economic matters. I mean, what's the worst that could happen?
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