Great Recession Photos on Townhall

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    Posted: 6/16/2012 4:35:47 PM EST
    Michael, left, and Patricia Jackson are photographed in their home Saturday, June 16, 2012, in Marietta, Ga. On a suburban cul-de-sac northwest of Atlanta, the Jacksons are struggling to keep a house worth $100,000 less than they owe. Their voices and those of many others tell the story of a country that, for all the economic turmoil of the past few years, continues to believe things will get better. But until it does, families are trying to hang on to what they've got left. The Great Recession claimed nearly 40 percent of Americans' wealth, the Federal Reserve reported last week. The new figures, showing Americans' net worth has plunged back to what it was in 1992, left economists shuddering. (AP Photo/David Goldman)
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    Posted: 6/13/2012 12:40:54 PM EST
    In this June 12, 2012, photo, Republican presidential candidate, former Massachusetts Gov. Mitt Romney shakes hands during a campaign stop at Con-Air Industries in Orlando, Fla. Democrats and Republicans are wary of trying to exploit a new report about the sharp drop in household wealth over the past 20 years. The economic report was stunning. The Great Recession shrank Americans' wealth so much that, in 2010, median family net worth was no more than it had been in 1992 after adjusting for inflation. According to the Federal Reserve report, two decades of accumulated prosperity had vanished, mainly because of falling home prices. The smartest minds in the Obama and Romney campaigns seem to conclude that the guts of the report are too complex, too old and too tricky to exploit for political ends. So both President Barack Obama and Romney have had little to say about it. (AP Photo/Evan Vucci)
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    Posted: 6/13/2012 12:40:54 PM EST
    President Barack Obama speaks at a fundraising reception in Baltimore, Tuesday, June 12, 2012. Democrats and Republicans are wary of trying to exploit a new report about the sharp drop in household wealth over the past 20 years. The economic report was stunning. The Great Recession shrank Americans' wealth so much that, in 2010, median family net worth was no more than it had been in 1992 after adjusting for inflation. According to the Federal Reserve report, two decades of accumulated prosperity had vanished, mainly because of falling home prices. The smartest minds in the Obama and Romney campaigns seem to conclude that the guts of the report are too complex, too old and too tricky to exploit for political ends. So both Obama and challenger Mitt Romney have had little to say about it. (AP Photo/Patrick Semansky)
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    Posted: 5/16/2012 6:05:46 AM EST
    In this May 15, 2012, photo, Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks during a campaign stop in Des Moines, Iowa. When Republican Romney decried the ?prairie fire? of U.S. debt Tuesday, he ignored some of the sparks that set it ablaze. One was the Great Recession that took hold before Barack Obama became president. That landmark event went unmentioned in Romney?s speech. Another was a series of Bush-era tax cuts that Romney wants to follow with even lower rates. (AP Photo/Charlie Neibergall)
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    Posted: 5/13/2012 9:10:49 AM EST
    In this April 4, 2012 photo, college students attend a job fair for students in Manchester, N.H. The class of 2012 is leaving college with something that many graduates since the start of the Great Recession didn?t have: jobs. To the relief of many students _ and their anxious parents _ the prospects for this year?s graduates are looking brighter than any other class in the last four years. (AP Photo/Jim Cole)
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    Posted: 5/13/2012 9:10:46 AM EST
    In this April 4, 2012 photo, Martina Ryberg, right, of Plymouth State University, talks with Tara Rossetti, of On Call International, during a job fair for college students in Manchester, N.H. The class of 2012 is leaving college with something that many graduates since the start of the Great Recession didn?t have: jobs. To the relief of many students _ and their anxious parents _ the prospects for this year?s graduates are looking brighter than any other class in the last four years. (AP Photo/Jim Cole)
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    Posted: 11/14/2011 5:20:51 PM EST
    In this Oct. 21, 2011, photo a new oil well pumps crude oil just outside Williston, N.D.  Thanks to new drilling techniques that make it possible to tap once-unreachable caches of crude, the region that used to have plenty of elbow room is now swarming with armies of workers. But the same booming developments that have made North Dakota virtually immune to the Great Recession has forced many longtime residents to abandon their homes, including seniors who carved towns like Williston out of the unforgiving prairie long before oil money arrived. (AP Photo/James MacPherson)
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    Posted: 11/14/2011 5:20:51 PM EST
    In this Oct. 27, 2011, photo Alton and Mary Lou Sundby take a break during a move into a new apartment in Williston, N.D.  The Sundby's were notified last month that their rent would nearly triple to $2,000 a month.  Thanks to new drilling techniques that make it possible to tap once-unreachable caches of crude, the region that used to have plenty of elbow room is now swarming with armies of workers. But the same booming developments that have made North Dakota virtually immune to the Great Recession has forced many longtime residents to abandon their homes, including seniors who carved towns like Williston out of the unforgiving prairie long before oil money arrived. (AP Photo/James MacPherson)
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    Posted: 11/14/2011 5:20:51 PM EST
    In this Oct. 21, 2011, photo workers build an apartment building in Williston, N.D. Thanks to new drilling techniques that make it possible to tap once-unreachable caches of crude, the region that used to have plenty of elbow room is now swarming with armies of workers. But the same booming developments that have made North Dakota virtually immune to the Great Recession has forced many longtime residents to abandon their homes, including seniors who carved towns like Williston out of the unforgiving prairie long before oil money arrived. (AP Photo/James MacPherson)


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