Just how bad is it?

... trust us, plenty bad.

As we're on the cusp of blowing through the $350 billion balance of the original financial bailout package to be followed by yet another, if rumors are to be believed, financial bailout package (because, if “some” didn’t do jack squat then its certainly reasonable to believe that “more” might achieve the desired result) AND a $825 billion Great Stumble Sideways stimulus package, are any of those smart folks in D.C. really taking a look at the hard numbers of "the worst economy since the Great Depression?"

...doubtful.

Graph below stacks up some key economic indicators from the latest figures available against those from the early eighties.



And link here, takes a look at how this recession stacks up against the ten most recent recessions. We think you’ll be surprised.

There’s a couple of things working here: One is our complete societal intolerance to economic pain…. any. The other is the completely political nature of Bailout Nation where the end-game of profit – private sector profit – is secondary to a work-for-work’s sake government-funded and controlled jobs program.

For all the talk of hope and change, this sort of scam could only be perpetrated in an environment of fear.

H/T: The Good Doctor Mark Perry