"Here is an embiggened version of the infamous jobs chart prepared by Obama administration economists Jared Bernstein and Christina Romer back in January 2009 (and now updated again by me with data from the August jobs report)."
Why failure matters
"The global economy and financial markets continue to be whip-sawed by turmoil and tremors, most recently emanating from the Euro-zone countries of Greece and Italy. The iconic images of the Acropolis and Coliseum turn out to be ironic symbols of the crumbling finances of their home countries.
The Great Recession may have officially ended in 2009 but the Great Hangover continues."
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