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Edging towards a depression.

By Faiz Shakir on February 7, 2009 at 1:00 pm

"Edging towards a depression."

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The current recession that the United States economy finds itself in is, by far, dramatically worse than the recessions of 1990-91 and 2001. How much worse? The economy has lost 3.6 million jobs in the last 13 months. The Gavel compares these numbers to the two most recent recessions:

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