By Larry Elder, May 8, 2014
UCLA economist Lee Ohanion says that this recovery is light 10,000,000 jobs.
Historically, the deeper the recession, the bigger the bounce back. Economics Professor John Lott shows uses two graphs to depict how poorly this recovery compares to those in the past:
UCLA economist Lee Ohanion says that this recovery is light 10,000,000 jobs.
Historically, the deeper the recession, the bigger the bounce back. Economics Professor John Lott shows uses two graphs to depict how poorly this recovery compares to those in the past:
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| Source: John R. Lott, Twitter |
And:
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| Source: John R. Lott, Twitter |
UCLA’s Ohanian says the
average post-recession growth would have created some 200,000 jobs per month more than what we see in the fifth year
of the Obama “recovery.” Bottom
line: 10,000,000 jobs that would have
been created simply do not exist.
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