Saved From A Second Depression?

A paper by Alan S. Blinder and Mark Zandi is pinging around the economics blogs. From the NYT:

In a new paper, the economists argue that without the Wall Street bailout, the bank stress tests, the emergency lending and asset purchases by the Federal Reserve, and the Obama administration's fiscal stimulus program, the nation's gross domestic product would be about 6.5 percent lower this year. Inaddition, there would be about 8.5 million fewer jobs, on top of themore than 8 million already...