Nancy Pelosi wants to scare the crap out of you, so her office has released the above scary graph, which we bring to you by way of Time’s Swampland blog.
Here’s what Pelosi’s office has to say about their work. (The graph uses “actual job-loss data,” from the Bureau of Labor Statistics.)
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.
Time’s readers quickly got to work debunking the graph for not taking into account the difference in population, though it seems that they ultimately concluded that this recession is the worst since 1974-1975, and may likely be even crappier than that.
What do you think? What’s that? It’s so hard to understand you when you’ve got your hands shoved in your mouths to stop the screams from escaping.
How Bad Is It? [Time via Buzzfeed]
MORE: How Bad Is It? [Time]
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What recession? The in-laws wanted to go to Busch Gardens yesterday for their 40th Anniversary.
Sold out at $70 a head, parking lot full, 25 minute wait to pay $6 for a hot dog.
It is weird watching the news about how bad things are, then getting in the car and going to the mall and the parking lot is full, the mall is packed, and there is a 2.5 hour wait at the cheesecake factory to pay $14 for a burrito.
I think it’s about time we generation Xer’s put a little pride and ego aside and look to our parents ( or more likely ) grandparents who have already lived through an actual depression. We may be younger, stronger, faster, have more computer skills, etc. But I can guarantee you that folks from that generation KNOW HOW TO MAKE IT THROUGH!
They didn’t grow up watching TV & playing video games, throwing temper tantrums when they didn’t get their way. They understand what it means to sacrifice and work hard. Things I think ( speaking as a 30 something ) a lot of people my age have forgotten are a part of life.
That generation managed to pull together, work together and help each other through. There is a reason Brokaw called them the ‘Greatest Generation That Ever Lived’.