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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:

The Pelosi Chart

The Pelosi Chart

I know, I know – OMG! They’re right! Panic! Spend! Do something!

Hold on there Bunky. Check this out from Justin Fox:

Six Recessions

Six Recessions

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:

All Post-WWII Recessions

All Post-WWII Recessions

Oh.  My.  So,  at the moment, we’re kind of in a middling recession (when you go all the way back to ’48) huh?

The lesson?

Beware of politicians with charts and an agenda.

Hope and change.

~McQ

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5 Responses to Lies, Damn Lies and Nancy Peolsi’s Charts