Comparing January 2009 with August 2009:
Now, the President has stressed consistently that as far as we’re concerned, any degree of economic contraction is too much, and even more importantly, any job losses are too many. But the independent findings cited above make the critical point that if you’re only noticing that things are still bad without noticing that they’re getting better, you’re looking at the wrong benchmarks. The question is not, Are we still in hole? Of course we are; it took years to dig in, and it’s going to take a long time to dig out.
The relevant question is, Are we digging out faster thanks to the Recovery Act and our other economic policies? To that question, these independent analysts, and many others, unequivocally answer, “Yes.” …
Real GDP (1)
Job Losses (2)
Industrial Production (3)
Home Prices (4)
New Home Sales (5)
Consumer Confidence (6)
1: Real annual growth rates, 2009q1 and 2009q2
2: Payroll employment declines from January 2009 and July 2009.
3: Monthly percent change, Jan 09 and July 09
4: Case-Schiller, monthly percent change, Jan 09 and June 09
5: Monthly percent change, Jan 09 and July 09
6: Conference Board Index, 1985=100, Jan 09 and Aug 09