How it went so wrong in America: Finally, some data from the International Monetary Fund that proves, once and for all, that red-white-and-blue-bleeding patriotic conservatives are right: America truly is an exceptional nation. From 2007-2009, the percentage increase in U.S. unemployment was more than double that of most other advanced industrial nations. In a global recession, the abysmal performance of U.S. labor markets reigned supreme.