Since the last credit crisis was the worst that has been experienced since the Great Depression, it should come as no surprise that this recovery is having an extremely difficult time gaining traction.
Is it continuing in the direction that has led to 4.3 million jobs created as we recover from the worst recession since the Great Depression, or is it going back to the policies that precipitated, caused the worst recession since the Great Depression?
What President Obama is convinced of and what he firmly believes the American people are convinced of is that the policies that significantly contributed to the worst recession since the Great Depression, the ideas that were tried and failed are not the ideas and the policies that we need to adopt now as we are recovering from that terrible recession.
This is the longest period of unemployment that high since the Great Depression, when Keynesian economics first reigned supreme.
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But here we are 46 months after the last recession started, and still no real economic recovery, with unemployment still over 9%, the longest period of unemployment that high since the Great Depression.
Atsushi Seike, a labour economist at Keio University, argues that, since the great bulk of older workers are company employees, the solution lies in fixing the corporate employment and retirement systems to allow people more easily to work for longer.
If you had 8.5 million people that had lost their jobs in the deepest recession that this country has faced since the Great Depression, extending unemployment benefits you would not normally think of would be something that would require a filibuster attempt.
One thing that has changed since the Great Recession of 2008-09 is the ratio of muni yields to Treasury yields.
When President Obama entered office, the recession was already 13 months old, and was slated to end soon, given historical standards (in the 69 years since the Great Depression at that time, the longest recession previously was 16 months).
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As I've said in the past, he looks forward to it, to making the case for why the work that we've done over these past few years, the resiliency of the American people that has been demonstrated as we have recovered from the worst recession since the Great Depression and made significant progress in that recovery, we still have more work to do.
At that point, we were coming out of the worst recession that we had seen since the Great Depression.
He points out that despite great changes since his 1970s and 80s playing days, including the introduction of full professionalism, "community" clubs and volunteers remain at the heart of rugby union in England.
We have the largest inequality in our country that we've had since the Great Depression.
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"This is probably one of the most serious financial crises that we've had since the Great Depression, " Carter said.
We went through the worst recession that we've had since the Great Depression.
When you suffer from a financial crisis that precipitates the worst recession since the Great Depression, the hole is quite deep.
And I just want to thank President Aquino for his excellent cooperation, because we've made a great deal of progress since that time.
And that's what we've tried to do over the last 19 months, in the midst of the worst financial crisis that we've seen since the Great Depression.
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And today, our economy is recovering, but it's not yet fully recovered from the worst financial crisis and economic crisis that we've experienced since the Great Depression.
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That also has not happened since the Great Depression.
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Adding that he thought the rhetoric was "within acceptable limits, " Specter told reporters that economic and political anxieties have created a "level of anger in the country" that has not been seen since the Great Depression.
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But there are certain things that are and always have been considered emergency spending, and extending unemployment benefits to those who have lost their jobs in the worst economic recession since the Great Depression certainly qualifies for that.
This is all the more extraordinary since Israel has learned at great cost that the effect of turning over territory to terrorists has been not only to assure that more attacks are mounted against the Jewish State from those areas.
And it's just inconceivable to us that an economic plan for the future would contain within it the elimination of reforms that would prevent the kind of financial protector collapse that we saw that created the greatest recession since the Great Depression.
There are a lot more that needs -- a lot more jobs that need to be added, because we have come through, as the President also said yesterday, probably the worst two economic years that this country has faced since the Great Depression.
Because, again, you have a situation where, as we recover from the worst recession since the Great Depression, a recession that was in full bloom when the President took office, that resulted in more than 8 million jobs lost by Americans, we have made some substantial progress.
Moreover, to hold up the process and claim that no nominations will be cleared until the President removes the consumer watchdog that is so vital to the implementation of the Wall Street reforms that were put into place to prevent the kind of disastrous financial crisis that caused the greatest recession since the Great Depression is shocking in and of itself.
Does anybody think that the reason that we got in such a financial mess, the worst financial crisis since the Great Depression, the worst economic crisis in a generation -- that the reason was because of too much oversight of the financial industry?
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But that approach wouldn't work in a global program, since it's usually impractical for students to travel great distances that often.
Wall Street reform is absolutely essential given the kind of crisis we went through that contributed to the worst recession since the Great Depression.
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