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This was/is not just another recession. US banks were in literal collapse. The symbiotic nature of the global economy, far more symbiotic than in the 1930's, exacerbated an already horrific meltdown. The unwinding of this disaster could easily take another five to ten years.
Comparing this to other recessions is an exercise in naivete, political partisanship, or both.
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We are fortunate even then. Remember that this recession was orchestrated by the most famous recovering alcoholic, who amazed the RW by starting two wars while also successfully bringing about a tax cut for the rich.
Now you see it....Now you don't. W was the Magician that the Right had been waiting for.
OH no you did not just blame Bush.
The implosion of the economy went like it was planned by those in Congress when it begin in 2007-2008. I forget who controlled congress then and would have more to politically gain with a bad economy with a Republican as president.
An old LBJ quote comes to mind.
“I’ll have those ******* voting Democratic for the next 200 years.”
- Lyndon B. Johnson
20 great moments in liberal bigotry