Now economists Alan Blinder and Mark Zandi take a swing at proving what didn't happen thanks to the Obama Administration (and yes, the Bush Administration, in its last months) pouring on the bailouts, TARP, and stimulus. They find that in the alternative world where we would have followed the do-nothing approach of this year's Palin-Tea-Party panderers, we would have seen...
- Gross Domestic Product 6.5% lower this year;
- 8.5 million fewer jobs (on top of the 8 million lost in our reality);
- deflation instead of low inflation.