More on flatlining


Joe Weisenthal at Business Insider posts this chart as an exoneration of the Obama administration’s recovery efforts. The Eurozone has the Eurocrisis, and Obama has Congress, so I suppose it’s a fair match.

Jeff Weintraub then packages the chart together with a riff on Nick Clegg’s decision to form a coalition with the Conservatives rather than Labour. Brad deLong sums it up with a new version of the chart (below) and the headline “Nick Clegg Is a Wizard! He Makes Economic Recovery Disappear!

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The number of dips is not really an issue when you’re flat-lining

Via Jonathan Portes (“Not the Treasury View”), here’s NIESR’s latest chart showing – for the UK – the path of recession and recovery in various previous downturns: