Thread: Just How Much Is the Bailout?

Just How Much Is the Bailout?

If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so let’s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.

Jim Bianco of Bianco Research crunched the inflation adjusted numbers. The bailout has cost more than all of these big budget government expenditures – combined:

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion

TOTAL: $3.92 trillion

The numbers speak for themselves. This is the biggest socialist scheme in U.S. history.

Originally Posted by Defensor

Just How Much Is the Bailout?
The numbers speak for themselves. This is the biggest socialist scheme in U.S. history.

Jim Bianco should know how much it will cost, he contributed to the problem.

James A. Bianco - Trading Expert

Nothing like using those who created the problem to point out how badly they fucked up, eh D?

Originally Posted by Think for myself

Jim Bianco should know how much it will cost, he contributed to the problem.

James A. Bianco - Trading Expert

Nothing like using those who created the problem to point out how badly they fucked up, eh D?

A) You have no proof that Bianco "created the problem."

B) That's not relevant to this thread at all.

Do you know how to have a mature, logical discussion at all, TFM?

Originally Posted by Defensor

A) You have no proof that Bianco "created the problem."

He is a former exec at Lehman Brothers. That's about all I need to know to realize that people who are good at their jobs in upper management generally don't have the company they work for go bankrupt.

Originally Posted by Defensor

B) That's not relevant to this thread at all.

Sure it is. The guy is, unsurprisingly since he was linked at lewrockwell.com, a screw up.

Originally Posted by Defensor

Do you know how to have a mature, logical discussion at all, TFM?

Yes.

However, said conversation would be void of references to or uses of the following words.

Obongo
Fascist.
Nazi.
Zionist.
Obongo.

Did I mention the pinnacle of maturity, Obongo?


Also, said conversation would not be inspired by any op ed piece, even one from Storm Front or WND.

Now, I am setting the bar fairly high for you D. Are you up to it?

It is supposed to be 7.4 trillion right now, but I just had a sickening thought. What if they loan that out in fractional reserves....fuck now I need a drink!

damn, if Bush wanted to stimulate the economy with that type of money he should of just had 8 New Deals. :P Then every town could get a new ellectric dam.

But for fairness, I would like to see how much money we are being saved by those companys being bailed out. I would have no idea how to get that information though.

Originally Posted by michaelr

It is supposed to be 7.4 trillion right now, but I just had a sickening thought. What if they loan that out in fractional reserves....fuck now I need a drink!

7.4 Trillion? Huh?

Originally Posted by freckles

7.4 Trillion? Huh?

Sorry your right, $7.6 trillion....

Nov. 24 (Bloomberg) -- The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.

Here you go.........

It's hard to keep up....err that would be it's hard to keep up on the latest!!!

How much?? Hell, whatever they want it to be. I figured most would have caught onto that by now. Simply put, it is not our money anymore but it is our debt. Ultimately we will see this country become a third world nation in the next 5 years.