The more Unfortunately-President-Bush and his folks try to reassure me about the state of the economy, the more I’m sure this downward spiral isn’t going to end soon.

Bush held a press conference yesterday to remind us that most savings accounts are insured up to $100,000. Yes, and they have been insured for that amount since 1980 — the insured amount has declined by 61% since then in real terms. That 1980 $100,000 is now worth $262,903.