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

[chandra faulkner]

wow, happy f'ing holidays....

On Tue, Nov 25, 2008 at 2:16 PM, Amandeep Jawa <deep at deeptrouble.com> 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<http://dynamic.boingboing.net/profile/Cory%20Doctorow>,
> NOVEMBER 25, 2008 4:48 AM | PERMALINK<http://www.boingboing.net/2008/11/25/bailout-costs-more-t.html>
> 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
>
> 937 Valencia St.
>
> San Francisco, CA 94110-2320
>
>
> personal: http://www.deeptrouble.com
>
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>
>
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