Some Sickening Statistics about the Bailout

Some Sickening Statistics about the Bailout

www.alternet.org

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

(visit the link for the full news article)


Related News Links:
www.ritholtz.com

Wanna throw up yet? I do.

And what is the $3.92 TRILLION and growing for?

To cover the asses of banks, investment houses, insurance companies and mortgage companies, supposedly manned with the best and brightest who should have known better.

And who foots the bill for this bailout that produces nothing good except cover... you and me...

...You don't see the CEO's offering to give up their golden parachutes do you?

www.alternet.org
(visit the link for the full news article)

Is it me or does it seem Paulson and Bernake are doing everything in there power to create HyperInflation and screw the rest of us?

It took bush almost 8 full years to double the debt he had from bill Clinton. And his last act is going to be tripling it in the last 5 months.
This is why things like Abortion and Gay Marriage shouldn't even be on the table for government to decide. We get a-holes who exploit people by saying they'd ban abortion or constitutionally ban gay marriage, never follow up. Then drive us into the ground.

Its a set up... I've been saying all along that key Republican stratigests like Grover Norquist have been saying for years that the goal is to run up so much red ink that the state and federal governments will have no choice but to eliminate services.

Its all part of their plan to shrink the size of government to 16% of what it is now damned the consequences.

This documentary seems appropriate for this thread.


Super Rich: The Greed Game (2008)

www.moviesfoundonline.com...


"As the credit crunch bites and a global economic crisis threatens, Robert Peston reveals how the super-rich have made their fortunes, and the rest of us are picking up the bill."

reply to post by grover


Please grover.

This isn't about the Republicans and some devious scheme to shrink government.

This is about growing government.

This is about government getting it's greedy hands on as much of the private sector as possible. This is about government owning our banks, our homes, and our jobs.

The ultimate goal of all of this was to get Obama in office, complete Democrat control of Congress, and then complete government control over everything. Whether it be through new bailouts, new government programs and handouts, whatever.

I know you're trying desperately to make this a purely partisan issue and point your finger at Republicans somehow, but the facts don't lie.

Common guy's you are just going to bend over and take it like a man with out the lube Nothing you say or do is going to stop this rape of your country and the world.

People have been programed to do nothing and if they do some thing they are put in jail for speaking the truth

Originally posted by grover
Its a set up...

It has to be, no government is that wildly incompetent, not even the Bush administration.

This is entirely planned, this money is going straight to the fat bastards at the top of these pyramids, and that's where it's going to stay. Eveyone else is ancillary.

I predict people wandering through the streets with wheelbarrows full of money, and the retailers taking the wheelbarrow because it's made of something tangible, like metal.

Just like post-Nazi Germany.

reply to post by nyk537


I have personally heard illuminaries of the Republican party such as Phil Gramm, Grover Norquist, James Gilmore say essentially the same thing. I will find the quotes.

I have a couple more sickening statistics to add to the list in the OP:

1) Number of people taking up arms and banding together to rid ourselves of the tyrannical empire through the only means possible (lethal force): 0

2) Number of people who think that Obama is going to save the day: too many

3) Number of people who think: too few

4) Number of people: too many!

reply to post by Ionized


that is not what this thread is about.

reply to post by grover


here is related input on the subject; ?Crisis? What Crisis?

the writer is far better at conveying the story than i am/can be...

www.countercurrents.org...


lets point the finger in the correct direction !
thanks

CAN SOMEONE PLEASE HELP ME?

I keep hearing the bailout is in the trillions (last I heard it was pushing $8 trillion actually).

Who gave the government the authority to do this? What I'm getting at is I've only seen the vote for the original (I think) $700 billion that was passed through congress.

Who is giving them all this money and where is it coming from (besides the standard "printing from thin air")?

ALSO... does anyone know if there are organized protests going on and where/how I can find them?

Thanks

I'll say this much, they sure as hell found a creative way to make sure the cost of the Iraq & Afghanistan wars isn't a cutting edge issue anymore, didn't they? Remember the good old days, way, way back, uhm... like 4 months ago, when people were actually appalled at a $152 Billion stimulus tax rebate program? I do!

"$4.6165 trillion dollars"

The cost of socialist reform. Conversion of the current capitalist system to at totally government dependant socialist system.

Just wait a while, the worst has yet to come.

[edit on 26-11-2008 by Walkswithfish]

Does that huge dollar amount also include court costs and attornies fees that these companies have racked up, and continue to rack up, before, during and after asking for the bail out?

I don't think so.

Hey grover.

The bailout makes me sick.
The talk of more bailouts makes me even sicker.

A lot of people had their hands in creating this mess. Everyone from Paulson, to the CEOs, to the banks, to Barney Frank, to George Bush and his latest socialism/bailout moves, to groups like ACORN pushing bad loans onto banks, to Obama and all those who supported ACORN .....

I think there is something going on and all these people are useful idiots to those who really run these things. It is like one of the bildebergers pushed a button and everything changed at once - but everything was being positioned by the useful idiots for a while now. This has been planned .... IMHO

reply to post by mecheng


That is a very good question which I have also wondered. I could be mistaken, but I am of the belief that the Fed & the Treasury are working under the presumption that any and all of these IOU's they're running up above & beyond the Congressionally approved $700 Bil will be covered by Congress, no questions asked. Considering how Congress is just now beginning to aknowledge that the American people are getting angrier and angrier, I'm not so sure when the time comes to pay these IOU's that COngress isn't just going to fold their arms and say "Nope, these deals weren't legally approved by us, too bad, so sad."

Ironically, if this happens, it will be worse by far than if the administration had simply told groups like Citi & AIG "Nope, sorry but you're going to have to solve this yourselves" from the beginning. If their stock stays afloat or even posts gains based on a percieved safety net or infusion from the government which then later fails to be honored, I'd imagine it would be relatively catastrophic to the holdings of any company which believed it had a deal with Paulson.

reply to post by Ionized


You obviously don't know any anarchists. There may not be enough, but there are a LOT of people banding together, especially now.

You just have to look around to find them, you know. Anarchists don't dwell in the shadows anymore.

reply to post by grover


Don't worry money is imaginary in the states. We simply print it when we need it .