Free Markets, Free People

employment


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