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08 Feb 2009 02:51 pm

Even More Context

Pelosi's graph is not that misleading:

As measured by the percentage drop in payroll employment over most of the time periods I looked at, this is the worst since 1974-1975. And barring a dramatic recovery in the next couple of months, the total job losses from this recession will likely come out even worse than those of 1974-1975.

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