This appeared on the Rachel Maddow show Monday night. No spin here, just government statistics:
This chart compares the job loss so far in this recession to job losses in the 1990-1991 recession and the 2001 recession – showing how dramatic and unprecedented the job loss over the last 13 months has been. Over the last 13 months, our economy has lost a total of 3.6 million jobs – and continuing job losses in the next few months are predicted.
By comparison, we lost a total of 1.6 million jobs in the 1990-1991 recession, before the economy began turning around and jobs began increasing; and we lost a total of 2.7 million jobs in the 2001 recession, before the economy began turning around and jobs began increasing.
That’s a pretty scary chart. Out here on the East Coast, I’m noticing more obvious recession hits than when I last visited the Midwest, but that could just be our more dense population.
Glad to see Rachel Maddow mentioned–I’ve been a fan of hers since she was first on the radio and heard her interview someone really diametrically opposed to her, her politics and lifestyle. She was respectful and asked really solid, fair questions. No “gotchas” or anything that could be spun into an attack. After listening to so many talk show hosts (right and left) shout down their “guests”, it was a refreshing change to listen to someone smart and behaving like an adult.