At that Manhattan fundraiser last night President Obama repeated one of his more frequent recent economic lines:

Over the last five years, our economy has recovered faster and stronger from the worst financial crisis and economic crisis since the Great Depression, better than any other developed country on Earth.

President Obama’s is drawing on the Economic Report of the President released by his Council of Economic Advisers on Monday. Here is the relevant chart, showing the U.S. at a higher relative GDP level than the major European economies, with 2007 as the starting point for the comparison.

Figure 1-4 -- GDP Per Working Age Population in Crisis Countries R2

Here is the CEA’s accompanying text:

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