<http://www.ritholtz.com/blog/2008/11/big-bailouts-bigger-bucks/>From ritholtz.com, via Earl Katz.
MCM http://www.ritholtz.com/blog/2008/11/big-bailouts-bigger-bucks/ Whenever I discussed the current bailout situation with people, I find they have a hard time comprehending the actual numbers involved. That became a problem while doing the research for the Bailout Nation book. I needed some way to put this 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. 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 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to Mark Crispin Miller's "News From Underground" newsgroup. To unsubscribe, send a blank email to [EMAIL PROTECTED] OR go to http://groups.google.com/group/newsfromunderground and click on the "Unsubscribe or change membership" link in the yellow bar at the top of the page, then click the "Unsubscribe" button on the next page. For more News From Underground, visit http://markcrispinmiller.com -~----------~----~----~----~------~----~------~--~---
