The rest of the article can be found here.The financial crisis cost the U.S. economy $6 trillion to $14 trillion—and possibly twice that—along with untold costs from "special treatment" that too-big-to-fail banks received, according to an explosive new analysis from the Dallas Federal Reserve.
Nearing the five-year anniversary of the Lehman Brothers' bankruptcy that shocked the global economy, the central bank analysis takes a stark look at the costs left behind by the crisis and the ensuing bailout.
This is a testament to just how severe the economic crisis actually is/was. Not since the 1930's have we faced such grave financial and economic conditions, and therefore it is irresponsible for a specific subset of the political stratosphere to demand the federal government reduce spending during a time of crisis. Fiscal policy needs to be dictated on the basis of economic conditions and not the political party of the President of the United States.