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PrintJuly 12, 2010
Graph of the Day for July 12, 2010
"But at this particular moment, with the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back to life. It is only government that can break the vicious cycle where lost jobs lead to people spending less money which leads to even more layoffs." President Obama, February 2009.
Recessions With and Without a Stimulus
(1) United States (stimulus passed Feb. 2009)
(2) Canada (no stimulus)
Hoven's Index for July 12, 2010
Increase in US jobs from low point to most recent (June 2010): 0.7%
Increase in Canada's jobs from low point to most recent (June 2010): 2.4%
US federal government deficit recent peak, as percentage of GDP: 9.9%
Canada's deficit recent peak, as percentage of GDP: 3.5%
Graph of the Day Archive.
