The Slough of Despond – A Chart

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Graphic image via Calculated Risk, calculatedriskblog.com

Thanks to modern computerized graphics, the reddest of red flags can be seen, understood and shot around the globe with just a few quick clicks. Take a close look at where our jobless recovery and horrid unemployment has landed us–the Slough of Despond, from which only a miracle of statesmanship and a bloodless (preferably) revolution can rescue our flailing nation. Lest anyone forget, our enemies in Washington, DC are planning to tax their way out of this so-called recovery. Calculated Risk promises to have much more on this soon.

The current employment recession is by far the worst recession since WWII in percentage terms, and 2nd worst in terms of the unemployment rate (only the early ’80s recession with a peak of 10.8 percent was worse).

This was well below expectations for payroll jobs, and the unemployment rate was higher than expected (both worse)…

It is not unexpected if you’ve been paying attention.

h/t Business Insider Clusterstock Chart of the Day

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redneck hippie
Kansas native, reformed treehugger. Restore the republic, revive traditional America. Redneck hippie. Blogger since 2007--Accept no substitutes.
twitter: @redneckhip

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cactusjack
cactusjack
June 3, 2011 10:42 pm

Gazing in the crystal ball we see new memes exculpating Obama, soon to be trial balloons floated by the lapdog MSM and liberal elitists too smart for flyover country: 1. “Just get used to this high unemployment and inflation, being an Italy or Greece is the new reality for us all and it’s what America deserves anyway, having been such a bad actor on the world stage for so long. Let us thank Obama for understanding what *needed to be done* and easing us into our new role as just one more grubby, class stratified country . It is a… Read more »

lineholder
June 4, 2011 2:10 pm

Great chart, RH. I’m a visual/data kind of person anyway, so I prefer charts to words any day of the week.

Just looking at cactusjack’s possibilities above, I think #2 is leading the pack on leftist’s site right now to justify away Obama’s absolutely abysmal handling of economic issues. Talk about naive and gullible!!!!

In addition to what you and Jack have both stated above…notice how some high-dollar Dems contributors are now beginning to bail out on this little project of “fundamentally transforming America”?

Brian Hibbert
Editor
June 4, 2011 9:04 pm

What I can’t understand is why all the bad economic news is ALWAYS reported as “unexpected”. You’d think these geniuses would be able to figure out that this economy isn’t as good as Obama keeps trying to say it is.