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View Diary: Austerity cost U.S. up to 2.2 million jobs in weakest recovery since WWII (64 comments)

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  •  3 preceding recessions (2+ / 0-)
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    basquebob, JesseCW

    1990, 2000 & 2009-09 occurred without New Deal style protections. A rather low benchmark. And lets throw in the '81-'82 recession in there too

    From 1938 to 1988, there were 3 recessions that saw GDP dip more than negative 2% (annual GDP). Only 2 lasted more than 11 months, looking at business cycles.

    ..."relative to what would have occurred with the policy response typical of the five preceding recessions."
    I'm guilty of reading too quickly, my apologies. But Frankly previous 5 recessions wont show much of any perspective as far as what new Deal policies did to prevent the jobless recovery and the repeated business cycles that were of more breadth and depth.

    Still gave ya a TnR though.

    .................expect us......................... FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Fri May 03, 2013 at 01:14:39 PM PDT

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