The Great Recession

A Celebration of Reading

Here is an interesting chart republished in Slate that shows the financial crisis in the United States in comparison to crises in other countries at other times.

The Great Recession In Comparative Context
By Matthew Yglesias

This seems to show that the recent crisis in the United States wasn’t really that bad and was under control fairly early. But as the article points out, compared to the crash of 1929 and FDR’s response, there isn’t any magic shown in the Obama recovery. I expect if the opposition party had been serious about improving the lives of all the American people, the recovery might have been rapid and reparative (of course, with the GOP focus on assuring that Obama failed, we’ll never know what might have happened for sure).

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