Liberty MavenBailout…So Many Zeroes in a Trillion
December 3rd, 2008 1:40 pm | by Mike Miller | Published in Bailouts, Banking, Big Government, Constitution, Debt, Economics, Federal Reserve, government spending, inflation, Liberty, Money, national debt, Politics, Taxes | 5 Responses
I ran across this information recently, which puts the dollar amount of the current bailouts into perspective:
So, total up the cost of the major unconstitutional boondoggles in U.S. History and it’s still far less than the cost of the Big Bailout(s) of 2008, especially considering that now it’s estimated that the total of the current bailouts is closing in on eight trillion dollars. This is insanity.
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December 3rd, 2008 at 1:43 pm (#)
Bailouts: $7 trillion and rising
By David Goldman | CNNMoney | November 28, 2008
http://money.cnn.com/2008/11/26/news/economy/where_bailout_stands/?postversion=2008112615
The U.S. government is now willing to spend more than $7 trillion to help rescue the economy. That’s about $23,000 for every American, and more than half of U.S. annual gross domestic product…
Here is how the government has thus far invested billions of dollars to rescue banks, companies, consumers and their homes…
May 30th, 2009 at 7:21 am (#)
Its all about Overwhelming GREED !!! That has put the World in this Mess,The Madoffs, Lays, Oil Companies, and CEO's of the World , " What does it profit a Man to Gain the the Whole World and Lose his very Soul".
May 30th, 2009 at 10:42 am (#)
It must be nice to be so one sided…. I am sorry to tell you this, but the bailouts are absolutely in no way connected to greed, other than that by this power-hungry administration who will do anything to take the liberty of the people and transfer it into the hands of the federal government.
May 30th, 2009 at 11:20 am (#)
Hello, I have read a lot on the bailouts. So what, it is done and we will see it in our paychecks. I am so sad that our leaders have been able to just pay out at will. NO one knows were ths is going. We do at my home . 100.000 a year job is gone. Now the fun begins. They, them those, are in charge. So enjoy your life in America , and we will be OK, I have . now I cut back too.
May 30th, 2009 at 3:19 pm (#)
I think Alex meant that the reason the banks needed to be bailed out was because of the greed which took place in the years preceding the bailouts. Furthermore, the bailout to which this story is referring began before this administration. Don't get me wrong…I'm certainly aware of what is happening in current times and am not a fan of having the government run my life and take away my rights, but just wanted to point out what was being discussed here.