1. The Great Recession In Charts September, 2013 Professor Robert Kaulfuss Prof. of Economics Middlesex Community College BeyondEconomics.org

2. Employment

3. Housing

4. Evolution of Too Big to Fail

6. Bailouts and Stimulus Congress: $700 Billion: TARP (Bush) $787 Billion: Stimulus (Obama) Fed Trillions: Direct Support to Financial Industry Trillions: QE 1, 2, 3 (money printing) CNN Bailout Tracker

7. The Obama Fiscal Stimulus (Keynesian Economics) GDP = C + I + G + (X – M) Math for Obama Stimulus MPC: 1/3 spent, 2/3 saved, Multiplier of 1.5 $14T + 6% over two years = $14.8 $14T – 6% over two years = $13.1 Need: $1.7T $1.13T X 1.5 = $1.7T (-> $900B -> $787B)

8. Fed Response: Fed Funds Rate

9. Fed Response: Quantitative Easing

11. CBO Federal Deficit Projections Concord Coalition, 2012 Extended Baseline Assumptions: 1) End Bush tax cuts; 2) GDP growth of 4%; 3) Cut defense/other spending by 1/3

12. Federal Government Debt Peter G. Peterson Foundation - http://www.pgpf.org/archive/charts

13. State & Local Government Debt http://www.pgpf.org/Chart-Archive/0113_state_local_debt

14. Aging Baby Boomers

15. Growth in Federal Spending

16. Energy Prices & Economic Growth

17. The U.S. Economy

18. 2008-2009: A Sinking Ship

19. 2013: Barely Afloat