So the short of it is ... worst recession and 2nd worst recovery
Widely? Widely? How about narrowly among administration officials, some bankers and a few business who are loudly saying "There is no need to panic. Everything is OK so you can start spending again.. please."
Very nice! Thanks for posting. You can see clear as day that recoveries are not as great or as quick over time; as government has grown, recovery from recession has fallen. We never hit the highs of growth we used to.
And that chart shows no recovery at all in this recession. We remain at the bottom of the graph with no upturn that I can see.
Final thing is they used to brag about the end of the business cycle — lower contraction in recession, lower recovery in growth, flattened, so less of a business cycle. But this is the deepest recession we’ve had post war. No end of the business cycle at all (or is it the “government cycle?”) : )
See that propaganda trick? The business cycle, boy it hurts, business is bad, government is good. The business cycle leads to the Great Depression. Not Roosevelts interventions in the market.
Hey! I lived through the 80’s recession. I was selling real estate. 20% interest rates. I sold a lot of real estate. Mostly my own. Thank GOD we had Reagan. He brought us back. We thought back then if the interest radt got to 12% we would be in heaven. Now the young twerps are bitching when they have to pay 6%. LOL