Sean Hannity has a theory, and that theory involves rubber bands. For the last few weeks, he has been talking about the “rubber band effect“: the deeper the recession, the stronger the recovery. It is an economic fact that is always true, except when you have a foreign Kenyan socialist Muslim President who is trying to destroy America.
According to Sean Hannity, in every single past recession, the strength of the recovery was proportional to the depth of the recession. Every recession, that is, except this one. In this recession, we had a deep recession followed by a slow weak recovery. Obviously, the fact that we had a deep recession with a weak recovery means that Obama is a communist and is trying to destroy America. We call this Sean Hannity’s Rubber
The problem, then, is with the above graph. According to the above graph, the deeper recessions almost always took longer to recover than the shallow ones. The 1958 recession was deeper and took longer to recover than the 1953 recession. The 1953 recession was deeper and took longer to recover than the 1960 recession. The 1960 recession was deeper and took longer to recover than the 1969 recession. And the 1969 recession was deeper and took longer to recover than the 1980 recession.
SO WHAT IS WRONG WITH YOU, STUPID RECESSION GRAPH?
HOW COME YOU DON’T LOOK LIKE SEAN HANNITY’S RUBBER
Clearly, if this graph is contradicting Sean Hannity’s rubber
band theory, it must be filled with liberal bias!!!
Graph Found Via: CalculatedRiskBlog.com