Lies, Damn Lies and Nancy Peolsi’s Charts
If you’re wondering, her charts would be the “statistics”.
You’ve seen her “worst recession ever chart, right? If not, here it is:
I know, I know – OMG! They’re right! Panic! Spend! Do something!
Hold on there Bunky. Check this out from Justin Fox:
Ahem. Uh, we’re not even in as bad a shape as the ’74 recession and haven’t yet approached the ’81 recession, have we? Hmmm.
But wait, there’s more. Economist William J. Polley takes us back to WWII:
Oh. My. So, at the moment, we’re kind of in a middling recession (when you go all the way back to ’48) huh?
Beware of politicians with charts and an agenda.
Hope and change.