Just Another Recession

I have written many times on this blog in regards to the current economic climate. Sometimes I come across a good bit of information that I feel is worthy of passing along.

Today's nugget comes from Speaker of the House Pelosi's blog. She is arguing that this is not just another recession. Of course, she has a stimulus bill to get passed so who knows. But, sometimes numbers don't lie. Please see the blog and interpret the chart below:

This chart compares the job loss so far in this recession to job losses in the 1990-1991 recession and the 2001 recession – showing how dramatic and unprecedented the job loss over the last 13 months has been. Over the last 13 months, our economy has lost a total of 3.6 million jobs – and continuing job losses in the next few months are predicted.

By comparison, we lost a total of 1.6 million jobs in the 1990-1991 recession, before the economy began turning around and jobs began increasing; and we lost a total of 2.7 million jobs in the 2001 recession, before the economy began turning around and jobs began increasing.

Tonight we have another discussion meeting regarding the high school project. One important note to make is that the architect update begins at 7pm instead of 6:30pm.

Thanks for reading.

James