And So It Begins

Chrysler is closing every single one of its 30 manufacturing plants until at least January 19.

GM, Toyota and Honda are also cutting production.

Is this how it seemed, those first months after Black Friday in September '29? A roller-coaster of bad-news panic, alleviated by reassurances from Those In Charge, followed by more bad news, followed by promises of a quick fix, followed by more bad news .... each short rise out of each ever-deeper trough accompanied by hope that this time, really, somebody will do something?

If Obama really does sign a massive emergency economic recovery bill at one minute after noon on January 20, will it be too late?