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Source link: http://archive.mises.org/17961/will-the-glory-of-2007-ever-come-back/

Will the glory of 2007 ever come back?

August 4, 2011 by

Some interesting charts from The Atlantic.

{ 6 comments }

Pride And Dignity August 4, 2011 at 9:54 am

It seems to me that employment is what really got hit and it is not coming back anytime soon.

mwalsh August 4, 2011 at 11:06 am

Not really, if you look at the scale, percent wise the production was hit more

J. Murray August 4, 2011 at 11:20 am

Kinda makes you long for the days of Carter stagflation.

Walt D. August 4, 2011 at 12:19 pm

These would look even worse if you used John Williams ShadowStats instead of the BEA rigged numbers.
Lets look on the bright side.
http://www.usnews.com/news/washington-whispers/articles/2011/08/03/report-obama-administration-added-95-billion-in-red-tape-in-july
Obama may not have a clue how to create jobs (just get out of the way and let the market do its work), but he sure knows how to kill them.

Charles Hanes August 4, 2011 at 12:57 pm

I assume that the title of this post is intended ironically.

We have to stop trying to be “glorious”, then we can happily settle for “peaceful” and “prosperous.”

SA August 4, 2011 at 1:35 pm

I agree. Obviously the glory of 2007 was the upfront payment for what we’re going through today

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