Clear to Everyone? Better Tell The Data

By now, it's clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression.

~President Barack Obama in today's Washington Post

MP: The chart above shows annual real GDP growth during the Great Depression I (1930-1932) and the 2007-2009 period, using the WSJ consensus forecast of -.30% for 2009 growth.