Summary: What’s worse — corporate bailout or no bailout? Financial analysts and federal officials have warned that doing nothing to save AIG — or banks or the auto industry — would lead to catastrophe: an economic domino effect of bank losses, stock market chaos, and job cuts. Here’s what might happen if companies deemed “too big to fail” were allowed to do just that.

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Summary: President George W. Bush presided over the weakest eight-year span for the U.S. economy in decades, according to an analysis of key data, with economists across the ideological spectrum increasingly viewing his two terms as a time of little progress on the nation’s thorniest fiscal challenges. Specifically, the number of jobs in the nation increased by about 2 percent during Bush’s tenure, the most tepid growth over any eight-year span since data collection began seven decades ago. Gross domestic product, a broad measure of economic output, grew at the slowest pace for a period of that length since the Truman administration. And Americans’ incomes grew more slowly than in any presidency since the 1960s, other than that of Bush’s father George H. W. Bush.

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Summary: On the 39th day after losing his 2008 primary challenge against U.S. Rep. Michele Bachmann in Minnesota’s 6th Congressional District, Aubrey Immelman reported that Pakistan was scrambling for foreign aid to ward off a possible economic meltdown while trying to contain sharply escalating violence by Islamic fundamentalists. He also highlighted looming economic problems, citing a Washington Post report that the U.S. federal deficit was soaring toward the $1 trillion mark by the end of 2008, “creating the deepest well of red ink since the end of World War II.”

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