I am starting to think that this economic situation is starting to get serious.  I can hear you all out there saying, “Do ya think?”

Follow this link to the video of the February 27 issue of Bill Moyers Journal.

Bill Moyers talks with economist Robert Johnson, who decodes this week’s news on the bank bailout, with a hard look at the international ramifications of the plan and a discussion of why nationalization has become a flash point.

After you listen to the pessimism, remind yourself that this interview was done before this weekend’s really bad economic news about how far down AIG is falling.

Moyers kept asking what Johnson thought the worst case scenario would be.  Despite all the apocalyptic things that Johnson said in reply, I think he was still afraid to give the real answer.

See you in the breadline.  I hope they have whole wheat.