The Unprecedented “Recovery”

Monday, June 4th, 2012 and is filed under Blog, Economy

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Throughout the campaign, you will constantly hear Obama and the media claim that 2 million jobs were created since the end of the recession.  As we’ve noted many times before, you have to view a recovery the same way you would view digging out of a trench.  The incline out of the trench has to be just as steep as the original decent just to break even.  Historically, we have not only recovered all the lost jobs within 2 years; we added new jobs.  This is not the case with the current recession.  The RSC has a great chart out today showing how we should have created an additional 4.3 million jobs based upon the average recovery from post-WWII recessions:

Source: Republican Study Committee