re: #106 FQ Kafir

Great interactive graph from the Minneapolis Fed showing how well this administration has handled our fiscal matters.

[Link: www.theatlantic.com…]

When will reasonable people on the left start to admit that Obama’s policies aren’t working? Maybe even hurting?

What these charts show is this: The economic downturn beginning in 2007 was much deeper than originally thought.

Analysts also thought, as recently as twelve hours ago, that the economy declined 6.8% and 4.9% in the quarters bisected by Obama’s inauguration. It turns out the actual declines were much steeper: 8.9% and 6.7%.

To adopt the president’s favorite metaphor of the ditch and the driver: The ditch was a 33% deeper than we thought. And we’re driving 33% slower than we hoped. Take a look at these graphs, via Economist, to soak it in: