Saturday, July 21, 2012

This Graph Says a Lot About the economic ‘Recovery’

Here is a Chain Email sent by a friend that want to make sure that past email addresses were removed for privacy sake.

For visual people this will help you understand that Obama’s claim the economy is in recovery is a load of crap. Vote for Romney.

I checked out the links in the email and they check out and as such below is the post.

JRH 7/21/12

This Graph Says a Lot About the economic ‘Recovery’
VERY IMPORTANT! Latest from the Bureau of Labor Statistics about the economic recovery

Sent by Dr. Nancy Bonus
Sent: Jul 10, 2012 at 1:12 PM

Please forward this to all of your friends, relatives and acquaintances. It's a graph detailing the 'economic recovery' from the Bureau of Labor Statistics. Every American needs to be aware of what our own government statistics are saying about the so called recovery.

Thanks very much for shining a light into the dark corners.


Nancy B.
Lately, we’ve been hearing a lot about “the recovery” and lot of arguing over who’s to blame for its supposed slowdown. But before we got too bogged down in who’s responsible for retarding economic growth, maybe we should first look at the data.

Without one word of explanation, Harvard University econ professor Greg Mankiw posted the following graph to his blog:

Civ. Employment Pop. Ratio 2004 - 2012
Source: Bureau of Labor Statistics

As you can see, the shaded area indicates the recession and everything to the right of that is the so-called “recovery.”


So, was this what the White House meant when it said we’re moving in the right direction or should we just not read too much into the data?

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