This blogbook offers, with the aid of various charts, graphs, and tables, a pictorial guide to the 2008 financial crisis.
National Debt as Percent of GDP (from 1950)
This chart shows the great contributions to national indebtedness made by the Republican administrations of Reagan/Bush and George W. Bush. Thanks guys for the fiscal responsibility. Did you know that “defense is not a budget item”? Well, you haven’t been paying attention. “Deficits don’t matter,” as Vice President Cheney advised. Reagan proved it.
To see the presentation in order, use either the Labels below for each chapter or the Table of Contents for individual entries.
The initial presentation was made in October 2008 and was last updated in January 2009, though I recently substantially expanded the list of sources. Lately, I have been working on a blogbook called Energy Predicament.
My dubious record for 2008 is reviewed here, by some miscreants.
FEELING GLUM AND OUT OF SORTS, PERHAPS A BIT ANGRY?
YOU HAVE EVERY RIGHT TO FEEL THAT WAY.
A good number of my charts first appeared at Contrary Investor. Though oriented toward investors, CI offers a superb analysis of the real economy and its relationship to the financial system. It is an indispensable source not only for individuals but also for any good library. So subscribe, dammit.