Bernanke: "...We're ****ed"

Well if it goes to banks then its a bailout for the, if it goes to delinquent people then it is a bailout for them. Either way i see it BAILOUT!!! Hell you could even just say its an economy bailout if all else fails.

LOL QFT!

I knew spending was down but are you speaking of a recent massive hit or the lack of spending over time being the massive hit. Forgive my ignorance i havent been too up on this recently.