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The recession according to NBER began in December 2007 and ended June 2009 so tell us how February-June 2009 were the teeth of the recession? Looks to me like we were on the road to recovery thanks to TARP recapitalizing the banks when Obama took office the end of January 2009. Where did the repayment of TARP Go and why wasn't it credited against the deficit?
What Ended the Great Recession?
What Ended the Great Recession?
Worthless...
The author does not take into consideration seasonally adjusted numbers. There is always a variation from quarter to quarter and trying to deduce a definite change during such a short chronological period makes zero sense
Here ia a link showing the percent GDP change quarterly. Notice how even within the recession (and later) we have positive and negative changes. Notice also how by the second quarter of 2009 the GDP was still shrinking by 0.6% (put cursor on the graph to read values).
Percent Change of Gross Domestic Product | FRED | St. Louis Fed
So the GDP continues to decrease during the second quarter of 2009 wayyy after Feb 2009 when the stimulus passage passed!
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