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Bilifuduo (98.27)

8.4%

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December 11, 2011 – Comments (2)

According to the Commerce Department, this is the percent of gross domestic product the financial sector occupied last year. 

Not that much right?

Lets put this into perspective. according to the Wall Street Journal, this figure eclipses the peak it hit in 2006 before the recession.

 Simply put: After the trials and tribulations of the recession, the bailouts, the proliferation of Bernanke memes on the Internet, and the collapse of the U.S. financial sector, the U.S. financial sector represents a greater percent of our country's GDP now than it did before any of this happened.

 This seems amazing. Now, whether or not this is a good thing is a completely different matter.

2 Comments – Post Your Own

#1) On December 11, 2011 at 5:03 PM, Frankydontfailme (27.34) wrote:

:)

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#2) On December 14, 2011 at 10:40 AM, Valyooo (99.47) wrote:

Thats what happens when GDP falls a lot.  It is more than 2006 because housing shrunk a lot.

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