Stats on Parade

Something is Different This Time

Here is a chart from the New York Times showing the past six recessions.  Each line is a different recession and shows the ratio of the non-farm payroll k months into the recession to the non-farm payroll at the beginning of the recession.  The horizontal axis is number of months into the recession. 




Here's a quick quiz.  Which of these recessions saw massive governmental surgical intervention and which were simply nursed and allowed to heal themselves?