How bad is the current recession? Data are provided. What is the Obama Administration proposing to end it and how much will their proposals cost? Data are provided and questions are raised about the risks of the Obama initiatives.
We are living in unprecedented times. If there are no precedents, predictions are nothing more than guesses. Therefore, I present data with little commentary.
We are entering a deep recession. We will need $6 trillion in stimulus to get out. Governments cannot provide this much stimulus. It will be a long and deep recession.