Friday, July 29, 2011

GDP Report Shatters Illusion of Jobless, Productivity-Packed Recovery + Recession: $131 billion worse than we thought

[mEDITate-OR:
Not think...:
Do not tell U.S. what is true...
only what we want to think is true...
even if that is not even close to reality.
--------
To adopt the president's favorite metaphor of the ditch and the driver:
The ditch was a 33% deeper than we thought.
And we're driving 33% slower than we hoped.
----------
chart-great-recession.top.gif
-------
And, then...
Take a look at these graphs, via Economist, to soak it in:
-----------

===========
GDP Report Shatters Illusion of Jobless, Productivity-Packed Recovery
http://www.theatlantic.com/business/archive/2011/07/gdp-report-shatters-illusion-of-jobless-productivity-packed-recovery/242761/
------------
Recession: $131 billion worse than we thought
http://money.cnn.com/2011/07/29/news/economy/recession_gdp/index.htm?iid=HP_LN
==========

No comments:

Post a Comment