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(The New York Times)   How the recession reshaped the economy, in 255 really depressing, interactive charts. Hope that 6-year-old laptop of yours can handle it   (nytimes.com ) divider line
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3312 clicks; posted to Politics » on 08 Jun 2014 at 1:09 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-06-08 11:57:23 AM  
My laptop is 6 years old and works just fine. At a certain point, we no longer needed more power to web surf and play music.
 
2014-06-08 12:15:36 PM  
Can't you just put them all in a Venn Diagram?
 
2014-06-08 12:59:21 PM  
All I need to know is that the DOW just hit another record. Therefore the economy is awesome and everybody is twice as rich as they were when Obama took office.
 
2014-06-08 01:17:08 PM  
Jimmy carter created more jobs in 4 years than 12 years of the bush.

Barak Obama created more jobs in 6 years than 12 years of the bush.

Bill Clinton created more jobs than Ronald reagen in a time of digitization and Automation.

Tell me again how republicans are better at creating jobs than democrats.
 
2014-06-08 01:17:50 PM  
I'm still rocking a 7yo desktop. Mostly because I don't buy new things til the old version dies. So I may be using this desktop for the next decade.

I mostly use my phone for web browsing though, and it's new.
 
2014-06-08 01:20:38 PM  

Notabunny: All I need to know is that the DOW just hit another record. Therefore the economy is awesome and everybody is twice as rich as they were when Obama took office.


We're just waiting for it to trickle down, that's all. Open wide!
 
2014-06-08 01:20:39 PM  
wow, what a mess of a web page.  well done.................NOT.
 
2014-06-08 01:20:57 PM  
255 charts? Ain't nobody got time for that.

JolobinSmokin: Tell me again how republicans are better at creating jobs than democrats.


Republicans are better at creating jobs because they are against job killing regulations and taxes.

They are also much stronger at national defense, love our troops, and are better Christians.  They care more about the troops by keeping them active and more about the poor by keeping them off welfare slavery.

Plus the Koch brothers gave to charity again, so I have been assured they have our best interests in mind.
 
2014-06-08 01:21:04 PM  

JolobinSmokin: Jimmy carter created more jobs in 4 years than 12 years of the bush.

Barak Obama created more jobs in 6 years than 12 years of the bush.

Bill Clinton created more jobs than Ronald reagen in a time of digitization and Automation.

Tell me again how republicans are better at creating jobs than democrats.


They're pretty good at pissing on combat veterans. And electing morons. That's about it.
 
2014-06-08 01:21:24 PM  
when your PC gets too old and slow, install Linux on it for brand new speed again.
 
2014-06-08 01:21:51 PM  
My four year old laptop choked :(
 
2014-06-08 01:24:32 PM  
I don't even know how old my laptop is. Bought it second-hand.

Notabunny: All I need to know is that the DOW just hit another record. Therefore the economy is awesome and everybody is twice as rich as they were when Obama took office.


You know, I can't really put my finger on it, but somehow, I feel like the "little people" are getting screwed by something having to do with the stock market. Surely I am just paranoid, since a good stock market signals economic health and security for everybody, right?
 
2014-06-08 01:29:09 PM  
Some of those were actually really enlightening. I remember the wailing and gnashing of teeth in 2008 and also remember not feeling hit by the economic troubles at all. This was apparently due to the fact that I had just bought a house (right after the housing crash), didn't really have any money invested yet, and was working in healthcare. Basically, it was a perfect setup to  not be affected very much. Looking at some of these shows me how much some people were (and still are) hurting.
 
2014-06-08 01:29:57 PM  

Rapmaster2000: My laptop is 6 years old and works just fine. At a certain point, we no longer needed more power to web surf and play music.


...or watch movies via HDMI on a 47" flatscreen

/Studio 1737 that's at least 6 yrs old
 
2014-06-08 01:31:13 PM  
They needed 255 charts to show that a long economic downturn has a major effect on all aspects of society? That's kind of dumb.
 
2014-06-08 01:37:08 PM  

JolobinSmokin: Jimmy carter created more jobs in 4 years than 12 years of the bush.

Barak Obama created more jobs in 6 years than 12 years of the bush.

Bill Clinton created more jobs than Ronald reagen in a time of digitization and Automation.

Tell me again how republicans are better at creating jobs than democrats.


... it's almost like you have no idea how business cycles work.
 
2014-06-08 01:40:07 PM  

The Maha Rushie: it's almost like you have no idea how business cycles work.


Apparently, when there's a Republican in the big chair, they don't work.
 
2014-06-08 01:42:04 PM  

The Maha Rushie: JolobinSmokin: Jimmy carter created more jobs in 4 years than 12 years of the bush.

Barak Obama created more jobs in 6 years than 12 years of the bush.

Bill Clinton created more jobs than Ronald reagen in a time of digitization and Automation.

Tell me again how republicans are better at creating jobs than democrats.

... it's almost like you have no idea how business cycles work.


Yeah!  Don't you know that Republicans are in charge of contraction?  It's kind of their thing.
 
2014-06-08 01:46:14 PM  

BMulligan: The Maha Rushie: it's almost like you have no idea how business cycles work.

Apparently, when there's a Republican in the big chair, they don't work.


Or, you're arbitrarily assigning a significant amount of blame/credit for complex issues onto a single man because it makes you feel good.

care to try again?
 
2014-06-08 01:49:21 PM  
Jesus Christ, how did Subby know my laptop is about six years old?
 
2014-06-08 01:58:46 PM  

Occam's Disposable Razor: Some of those were actually really enlightening. I remember the wailing and gnashing of teeth in 2008 and also remember not feeling hit by the economic troubles at all. This was apparently due to the fact that I had just bought a house (right after the housing crash), didn't really have any money invested yet, and was working in healthcare. Basically, it was a perfect setup to  not be affected very much. Looking at some of these shows me how much some people were (and still are) hurting.


Working in IT and buying houses in 2010 and 2012 I have had a similar experience with this recession. I got my ass kicked in 2000 though.
 
2014-06-08 02:00:26 PM  
I'm rocking a 7 year old Macbook. Works fine, don't need to replace it.
 
2014-06-08 02:08:15 PM  

img.fark.net

In 2009 after shutting down my motorcycle dealership (people were not going to be buying toys for a looong time) I went into real estate.  Specifically, I went into distressed property sales.  I'm on that one lonely green line up there, but it was definitely the right way to go - I'm a short sale specialist broker and am doing really really well, unfortunately at the expense of all the people losing their homes.


Since the start of the recession in 2007, I've seen how hard it'shiat the rest of the housing/construction industry.  If the GOP hadn't blocked every jobs bill with every fiber of their twisted black souls, we could have put millions of people back to work repairing infrastructure and public buildings, the economy would have recovered far sooner (which is precisely why the GOP has been against it) and we'd have a much better national infrastructure that would pay us dividends for decades to come.

 
2014-06-08 02:10:41 PM  

Gyrfalcon: They needed 255 charts to show that a long economic downturn has a major effect on all aspects of society? That's kind of dumb.


I think there's a lot of interesting information in that chart. I'd like to see a similar chart showing recovery from previous recessions.
 
2014-06-08 02:11:54 PM  
These suprised me to see them as "not recovered and continue to decline.", Telecommunications resellers, satellite and VoIP, and Computer and peripheral equipment manufacturing .

You here so much about smart phones and Apple, I thought the industries were healthy.
 
2014-06-08 02:12:50 PM  

The Maha Rushie: care to try again?


Not really. I only engaged you in the first place because I needed something to do while taking a dump.
 
2014-06-08 02:14:53 PM  
You can get a tablet for 100 dollars. Why buy a new laptop?
 
2014-06-08 02:20:03 PM  

El Pachuco: [img.fark.net image 410x310]In 2009 after shutting down my motorcycle dealership (people were not going to be buying toys for a looong time) I went into real estate.  Specifically, I went into distressed property sales.  I'm on that one lonely green line up there, but it was definitely the right way to go - I'm a short sale specialist broker and am doing really really well, unfortunately at the expense of all the people losing their homes.
Since the start of the recession in 2007, I've seen how hard it'shiat the rest of the housing/construction industry.  If the GOP hadn't blocked every jobs bill with every fiber of their twisted black souls, we could have put millions of people back to work repairing infrastructure and public buildings, the economy would have recovered far sooner (which is precisely why the GOP has been against it) and we'd have a much better national infrastructure that would pay us dividends for decades to come.




If only unemployed construction workers contributed more to election campaigns.
 
2014-06-08 02:26:25 PM  
6 year old laptop is fine. I hope my expensive and low-speed DSL can handle 255 of anything.
 
2014-06-08 02:27:49 PM  

El Pachuco: Since the start of the recession in 2007, I've seen how hard it'shiat the rest of the housing/construction industry. If the GOP hadn't blocked every jobs bill with every fiber of their twisted black souls, we could have put millions of people back to work repairing infrastructure and public buildings, the economy would have recovered far sooner (which is precisely why the GOP has been against it) and we'd have a much better national infrastructure that would pay us dividends for decades to come.


I work at an engineering consulting/design firm in highway/rail sector, and I want those asshats in Congress to fund a comprehensive infrastructure bill already.  My company is finally hiring again for the first time in years, but that is more due to the fact that states finally have more tax money to spend.  What boggles my mind is that some of the conservatives I work with rail against that kind of spending.  Wait, you're mad that the stimulus spent money on signs to tell people which infrastructure projects were due to stimulus spending?  There are literally people in our office that design those kinds of signs and sign supports, myself included!
 
2014-06-08 02:32:03 PM  

Occam's Disposable Razor: Some of those were actually really enlightening. I remember the wailing and gnashing of teeth in 2008 and also remember not feeling hit by the economic troubles at all. This was apparently due to the fact that I had just bought a house (right after the housing crash), didn't really have any money invested yet, and was working in healthcare. Basically, it was a perfect setup to  not be affected very much. Looking at some of these shows me how much some people were (and still are) hurting.


Basically the same here; the recession actually worked in my favor in more ways than it hurt me.  Bought a home post-collapse for $45,000 less than the previous owners purchased it for in 2006, and I locked in a 3.5% 30-year fixed rate mortgage, which is almost the historical low.  I entered the healthcare IT world in 2010, which was when the 2009 slowdown ended for the industry and strong growth began that is still continuing.
 
2014-06-08 02:32:56 PM  

OddLlama: My four year old laptop choked :(


My 10 year old iBook G4 is running like a champ and I just brought back my 14 year old PowerBook G3

/Old Macs were built like tanks
//Still haven't paid as much as a new one
 
2014-06-08 02:37:34 PM  

The Maha Rushie: ... it's almost like you have no idea how business cycles work.


Enlighten us, Nostradumbass.

Barack Obama was sworn in at the start of the worst economic situation since 1929. The actions of the 109th Congress were one of the most productive since they started keeping records and contributed to the drop in unemployment (lowering the rate of health insurance means hospitals don't have to write off as much, meaning their costs are lower per patient, which means things that would previously be unavailable due to cost restrictions are now potentially within reach).

Government SHOULD be the force that moves aggregate demand forward in times of poor economic growth on the condition that any benefits are shared amongst the population - the Hoover Dam, the space race, and the national highway system, and rural electrification are HUGE examples of it working.
 
2014-06-08 02:48:25 PM  

Linux_Yes: when your PC gets too old and slow, install Linux an SSD on it for brand new speed again.

 
2014-06-08 02:49:23 PM  

Rapmaster2000: My laptop is 6 years old and works just fine. At a certain point, we no longer needed more power to web surf and play music.


You sound like your handle.

/also using a six year old laptop
 
2014-06-08 02:51:43 PM  
Man, can't get enough of the pro-obama/carter farkers here. Some of the best comedic material around. Always good for a quick laugh.
 
2014-06-08 02:54:53 PM  
The Great Recession is (not "was") terrible, but it's the most recent in a long line of recessions stretching back to the late 18th Century.  And, thankfully, the Republicans had not managed to completely dismantle the New Deal programs and safety nets which emerged from the Great Depression.  There's no way to minimize the financial damage suffered by millions of Americans since 2008, but at least there were some systems in place to take the edge off.

What makes me absolutely furious is that not only did a small percentage of our fellow citizens survive the downturn, they thrived in it.  And upon realizing what position they were in in relation to the rest of us, they made the conscious decision to maximize their advantage.

It's as if a man is knocked unconscious in a shipwreck, then wakes to find himself in a life raft, alone.  The raft is surrounded by 9 other survivors still in the water crying for help and struggling to keep their noses and mouths above the waves swirling around them.  The man sees food, water, and every kind of supply he could possibly need to survive, and none of the other 9 can get in without his help.  So instead of helping even a single other survivor into the raft, he runs from one side to the other kicking any of them who manage to touch it straight in the face.

It's a credit to the American people that there haven't been riots in the streets or gated communities overrun by armed mobs of poors.
 
2014-06-08 02:57:14 PM  

wax_on: I'm rocking a 7 year old Macbook. Works fine, don't need to replace it.


I use a G5 as a daily driver at work. (Two actually, one has Mint Linux on it.)

Ive also been working on parting together a PowerBook g4 so I can gift my ibook. I've still got a working ibook g3 at work that will probably get mint.

Some people can't afford new stuff. At least Macs are still usable this long in the tooth.

/forgot to mention my 2ghz xserve g5. :)
//$60 for it an a tiger server key, but its got a flaky psu to repair
 
2014-06-08 03:02:04 PM  

DrSansabeltNoShiatSlacks: Man, can't get enough of the pro-obama/carter farkers here. Some of the best comedic material around. Always good for a quick laugh.


Hey look, this troll account is almost a year old! We should celebrate, maybe have a conversation about all those bad liberals or something.
 
2014-06-08 03:02:55 PM  

The Maha Rushie: JolobinSmokin: Jimmy carter created more jobs in 4 years than 12 years of the bush.

Barak Obama created more jobs in 6 years than 12 years of the bush.

Bill Clinton created more jobs than Ronald reagen in a time of digitization and Automation.

Tell me again how republicans are better at creating jobs than democrats.

... it's almost like you have no idea how business cycles work.


And look, this troll account is only six weeks old. They're so cute at that age.
 
2014-06-08 03:03:04 PM  
I'm running a ten year old Hp Pavilion zd8000, it's was almost $10k when it was new(only paid $200 four year ago), now it's about the same as a three year old netbook, with the exception of having a huge tired processor that over heats if I don't have a fan, oh and the battery is dead so it's a desktop only machine now.

/it's about time for a new one.
 
2014-06-08 03:03:26 PM  
I'm using a 5 year-old laptop and have no intention of replacing it any time soon. I haven't even put in an SSD yet - I'll do that when it begins to feel slow.

My own personal experience has been continuous ongoing economic pain since 2008. If anything it's getting worse as I lost my job more than a year ago and haven't been able to find another one since. I'm in IT which is a growth sector according to their chart but I call bullshiat.
 
2014-06-08 03:06:22 PM  

postnobills: I'm using a 5 year-old laptop and have no intention of replacing it any time soon. I haven't even put in an SSD yet - I'll do that when it begins to feel slow.

My own personal experience has been continuous ongoing economic pain since 2008. If anything it's getting worse as I lost my job more than a year ago and haven't been able to find another one since. I'm in IT which is a growth sector according to their chart but I call bullshiat.


Might be regional or your skill set. We let three guys go last fall and they all found new gigs before their severance was gone. I get emails and phone calls from recruiters regularly.

If you know unix and VMware come to Denver.
 
2014-06-08 03:07:22 PM  
My laptop's only six months old.  I'm not even rich.

/Just a PC gamer
//My four-year old one handled everything else just fine, but the keyboard was beginning to break down and new games were running unacceptably slow.
 
2014-06-08 03:07:28 PM  

Snarcoleptic_Hoosier:
Enlighten us, Nostradumbass.


In order for "Nostradumbass" to work, wouldn't I have to be predicting the future, instead of explaining the recent past?  

Barack Obama was sworn in at the start of the worst economic situation since 1929.

Yes. This is correct, and kind of key to understanding why arbitrarily assigning success or failure of policies based on who is in the White House is silly. We lost a lot of jobs at the end of 2008 and beginning of 2009. Just regaining those jobs is going to make a President look more successful, independent of any other policies they followed. Let's look at George W. Bush. He came into office at the tail end of the dot-com bubble. Expectations of growth rates were high, pretty much everyone who wanted a job had one, things were good. Ignoring everything else, if things had stayed that good for the whole 8 years Bush was in office, he'd get credit for 130,000 x 12 x 8 = 12,480,000. That sounds like a lot. It would have been better than his actual performance. But it would have only been keeping up with labor force growth. It would be less than the job growth under Clinton, but not because the economic performance was worse.

The actions of the 109th Congress were one of the most productive since they started keeping records and contributed to the drop in unemployment (lowering the rate of health insurance means hospitals don't have to write off as much, meaning their costs are lower per patient, which means things that would previously be unavailable due to cost restrictions are now potentially within reach).

No. You should have mentioned the autosector bail out, and the Recovery Act. The Affordable Care Act may or may not work out well (fingers crossed), but only over the long run, and certainly not over the time frame we're discussing here.

Government SHOULD be the force that moves aggregate demand forward in times of poor economic growth on the condition that any benefits are shared amongst the population - the Hoover Dam, the space race, and the national highway system, and rural electrification are HUGE examples of it working.

Well, yes. Firms make decisions based on expectations of profits (they're pro-cyclical), households are usually constrained by expectations of income growth, so that does leave the Federal Government free to raise or lower its spending (borrowing) to meet other objectives, sure. Except that the space race and the national highway system were carried out during a long period of prosperity... so I'm not sure how you think that relates to the rest of your statement.

BMulligan: The Maha Rushie: care to try again?

Not really. I only engaged you in the first place because I needed something to do while taking a dump.


next time, flush your comments to. There's enough shiat on the internet already.
 
2014-06-08 03:11:30 PM  
<sigh> Clean up on Aisle 7
 
2014-06-08 03:16:23 PM  
"Triple Oak:: Hey look, this troll account is almost a year old! We should celebrate, maybe have a conversation about all those bad liberals or something."

So, I'm guessing flowers & chocolates are out of the question?
 
2014-06-08 03:16:40 PM  

The Maha Rushie: There's enough shiat on the internet already.


That is certainly true, you are on it after all.


/boring troll is boring
 
2014-06-08 03:16:59 PM  

BMulligan: The Maha Rushie: care to try again?

Not really. I only engaged you in the first place because I needed something to do while taking a dump.


You Fark while you shiat? I Fark while I shiat! Small world.
 
2014-06-08 03:24:34 PM  

jst3p: postnobills: I'm using a 5 year-old laptop and have no intention of replacing it any time soon. I haven't even put in an SSD yet - I'll do that when it begins to feel slow.

My own personal experience has been continuous ongoing economic pain since 2008. If anything it's getting worse as I lost my job more than a year ago and haven't been able to find another one since. I'm in IT which is a growth sector according to their chart but I call bullshiat.

Might be regional or your skill set. We let three guys go last fall and they all found new gigs before their severance was gone. I get emails and phone calls from recruiters regularly.

If you know unix and VMware come to Denver.


I get emails and phone calls from recruiters all the time too. I've had probably two dozen interviews but nobody willing to make a serious offer. It usually boils down to "we don't hire people from public sector/higher ed backgrounds becasue they know jack shiat about making money" I eat sleep and breathe VMware and I'm pretty solid with Unix but I would need a visa to work in Denver.
 
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