How does today's economic recovery stack up?

A 'price reduced' sign is posted in front of a home for sale on November 30, 2011 in San Rafael, California.

Tonight is debate night number two of the presidential race. Vice President Joe Biden will face Congressman Paul Ryan in Danville, Kentucky. There's a good chance the strength or weakness of the economic recovery is going to play a starring role.

Republicans have been calling it the weakest recovery in U.S. history. Yet, fact checking recessions and recoveries has become incredibly controversial because, as in the case of much of economics, it all depends.

The Associated Press has looked back and found this economic recovery to be the worst in post-war history -- consumer spending has never been so low and only once has job growth been so slow in a recovery. Though, if you look back further to the early twentieth century and include the Great Depression, today's ecnonomic recovery looks pretty good.

The main difference between this recession and others in the post-WWII era is housing. The housing bust of the 2000s caused an unprecedented decline in prices, whereas most other recoveries since the late 1940's saw strong housing markets which helped bolster the economy and bring it back to health.

About the author

Chris Farrell is the economics editor of Marketplace Money.
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That's because it's not a recovery. It's a depression. We are bearing witness to the collapse of our fiat money system. That's why DHS and even the SSA now are buying up millions of hollow point rounds. They know the collapse is coming because they've engineered it through bad policy, spending like it's going out of style, suffocating American incentives for growth, and printing cash like it's Monopoly money.
Jason from http://paydayloansat.com/bad-credit-payday-loans/

My husband and I are one of the rare couples looking to purchase a home. My experience leads me to agree completely with Chris's statement that the housing market is not growing at an acceptable rate. Thought we are perfectly poised to purchase a $350,000-$400,000 home with 20 percent down and no buyers help, there is nothing acceptable on the market in our area. We find ourselves shocked by the poor quality and limited quantity of homes on the market in our area.

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