More on the Economy
Maybe I'm able to be detached about this because I haven't lost my job yet, but at some point you just have to laugh at the actions of our government. Again, this deserves to be quoted.
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:
TOTAL: $3.92 trillion
I mean, really...damn.