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On September 15th Ben Bernanke said that the recession is basically over in a statement that rang so loudly, the stock market shot up like a weed after a rainstorm. Well, it was just over half a percentage point for the Dow today, but up …

The current recession is bad. The job losses are bad. This is a chart that shows just how bad things are compared to other recent recessions. Sure this graph doesn’t account for the change in population, but you can still see the very negative sign …

Half a million jobs vanished in the span of one month. Unemployment just one year ago was just over 4%, now it is almost (or over) 7%. It was 6.5% in October.
Analysts are predicting 3 million more job losses between now and spring 2010.
Not that …