Detailed text transcripts for TV channel - CNN - 20110305:00:28:00
State and local governments shedding workers, 30,000 jobs off the government payrolls last month. so i'm going to show you this. this looks confusing. multicolored spaghetti. this is the last 11 recessions. here's where they begin. the bright yellow line is the 1980 recession. quickly out. you're out. other recessions, you drop down here. this red line is the current recession. look how low we go. deeper, more painful than the past recessions. and that has flat lined at the bottom. so faster in, steeper down, and then tougher to get out. question now is are we finally heading this way? let's c...
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