Job Growth Falters Badly, Clouding Hope for Recovery - Christine Hauser

http://www.nytimes.com/2011/07/09/business/economy/job-growth-falters-badly-clouding-hope-for-recovery.html?_r=1&partner=rss&emc=rss

Look! The Times is totally covering for Obama!

This recession is worse than 1973-1975, the most serious downward spiral since the Great Depression. 1973-1975 was brought on by some circumstances that might sound familiar: spending associated with the Vietnam War, newly industrialized countries introducing competition into the market, "stagflation", collapse of international monetary confidence and a stock market crash. Well, we could see how we emerged from that recession and just copy that.

Hmmm, let's take a look and see what dug us out in 1975: according to many economists we never truly emerged from the 1973-1975 recession but instead fueled growth through a combination of taking on consumer debt and assorted bubbles associated with real estate and technology. So there you go, neat as a pin.