> 2008 Great Recession Recessions are benchmarked relative to the years around it not overall economy by historic standards. At the peak of 2008’s recession th

> 2008 Great Recession Recessions are benchmarked relative to the years around it not overall economy by historic standards. At the peak of 2008’s recession things were still doing quite well. 10.0% unemployment and 5.1% drop in GDP from the peak is tiny. It doesn’t even qualify in the top 10 US recessions: https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States https://en.wikipedia.org/wiki/List_of_recessions_in_the_Unit...