SOCIAL: F&#@#k. The Bailout Sucks.

[Amandeep Jawa]

The original post is here:

http://www.ritholtz.com/blog/2008/11/big-bailouts-bigger-bucks/


On Nov 25, 2008, at 2:16 PM, Amandeep Jawa wrote:

> damn. this f*()&)ng sucks.  I don't know that we had a choice, but  
> F@#$k!
> ----------------------------------
>
> Bailout costs more than Marshall Plan, Louisiana Purchase, moonshot,  
> S&L bailout, Korean War, New Deal, Iraq war, Vietnam war, and NASA's  
> lifetime budget -- *combined*!
> POSTED BY CORY DOCTOROW, NOVEMBER 25, 2008 4:48 AM | PERMALINK
> Barry Ritholtz sez,
>  In doing the research for the "Bailout Nation" book, I needed a way  
> to put the dollar amounts into proper historical perspective.
> 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.
>
> Crunching the inflation adjusted numbers, we find 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
>
>


----------------------------------
Amandeep Jawa
----------------------------------
deep AT deeptrouble DOT com
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San Francisco, CA 94110-2320

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