The AP finally gets somethings right

I have been making this point for months:

Recoveries from deep recessions are usually robust. Once the recession of 1981-82 finally ended, the economy boomed in 1983 and 1984. During one stretch, GDP grew at an annual rate of 8 percent or more for four straight quarters. The economy generated 3.5 million jobs in 1983 and 3.9 million in 1984. The unemployment rate fell by a third in just two years, from 10.8 percent to 7.2 percent.

By contrast, since the Great Recession officially ended in June 2009, the economy has lost a net 439,000 jobs. The unemployment rate was 9.5 percent in June last year. Now, it's 9.6 percent. . . .

This Great Recession discussion without even quote marks around the claims is really getting bothersome.



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