This Graph Says an Awful Lot About the So-Called ‘Recovery’
[TheBlaze.com]
- Posted on July 9, 2012 at 10:29pm by
Becket Adams
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:
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.”
Huh.
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?
(H/T: Hot Air)
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