Friday, February 27, 2009

This Recession is Serious

I don't know if the majority of Republicans understand the depth of this recession - it doesn't seem so since they are so diametrically opposed to the stimulus, the bailouts and the financial rescue of the middle class. I read enough financial news to know and understand that there is still a very real chance that the world economy could collapse into a complete depression. Banks in Europe are even worse off than those in the US and if Europe goes under, our economy would collapse right behind them. Check out the chart below.

From Acerbic Politics

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