This is what the economy falling off a cliff looks like. The red line is the dot bomb, the blue line is the post Gulf War 1 recession. This is going to be incomprehensibly ugly, and there is no way in hell we're going to "tax cut" our way out of this one.

I said this over a year ago, welcome to 1929.

The Gavel � Blog Archive � What 3.6 Million Jobs Lost Over 13 Months Looks Like