Gee, certain members of my family's home values fell through the floor, and subsequently lost a great deal of wealth stored away for retirement. Others lost their jobs alltogether and have been working multiple part time positions in order to stay above water. They've been clawing back ever since, but the effects were and remain tangible.
The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say
Now this very slight retraction is not unexpected. No one really think it will be a smooth ride out of the biggest mess since 1929.
The 'conservative' whine over this reminds me of the nervous flyers I ride with alot. First bit of turbulence and they scream-"We're going DOWN!"
Steady in the ranks, now is not the time to run away.
What I will never understand is how people like you who didn't work during the 81-82 recession can claim this recession was worst. That so called emperical evidence you claim doesn't support your position at all, nor do those of us who lived and worked during that period of time.
Barack Obama lack of leadership skills and understanding of our economy mirrors yours. The role of the govt is viewed differently now vs. 81-82 as we have become the entitlement state vs. one of personal responsibility.
The movement of this country to the entitlement state and massive central govt. says it all. That didn't happen in 81-82.
That so called conservative whine you and others claim about is nothing more than rhetoric. Historical data plays no place in your world as feelings trump reality and negative pro growth economic policy rhetoric trumps the foundation upon which this country was built.