How Did We Get Here?
I'm going to post the following infographic from The New York Times without editorial comment:
OK. I lied. Two very brief editorial comment (well, actually, queries): What would our economy and the deficit look like now if we didn’t bail out Wall Street, Fannie Mae, and Freddie Mac? And what would our economy and the deficit look like now if either (a) we hadn’t passed the stimulus (to at least try to get the economy moving again and give funds to the states to cover gaps in their budgets) or (b) we’d passed a much larger stimulus as many wanted?