The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government’s massive rescue efforts.

Ten weeks into the worst crisis in 90 years, the government’s effort to save the economy has been both a spectacular success and a catastrophic failure.

The clearest illustration of that came on Friday, when the government reported that 20.5 million people lost their jobs in April. It marked a period of unfathomable pain across the country not seen since the Great Depression. Also on Friday, the stock market rallied.

Hosts Zack Hayes and Phil Hayes breakdown this article from ProPublica.com in the only way they know how...by Purely Speculating on the impacts this will have on the future of our Economy. What does this really mean for our society and is history doomed to repeat itself?

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