Further evidence that the decline in spending is our central economic problem.
http://macromarketmusings.blogspot.com/2009/11/global-nominal-spending-history.html
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A different look at the same
A different look at the same story:
http://economix.blogs.nytimes.com/2009/11/04/spending-collapse-vs-layoffs/
Spending
Casey's chart should have included investment spending as well. In any case, comparing jobs to spending is an apples and oranges comparison.