CNBC: Crisis Has Now Cost More Than WWII (Inflation Adjusted) »
Posted By Shana4Liberty 7 months, 2 weeks ago in Political News
The rate of spending by the Federal Government (and its surrogate/partner the FED) during the 2008 financial crisis has reached such unprecedented levels that it has now eclipsed the Second World War’s total inflation adjusted costs. CNBC, who has kept a running total, pegs the “total amount of money thrown at the situation” at $4.28 Trillion. With current total market capitalization of the S&P 500 now around $7 trillion (+/- a few hundred billion USD), CNBC’s total could theoretically pass the combined market capitalization of all the nation’s top 500 companies if trajectory of both do not significantly change within the next few months.
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Shana4Liberty
I'm a stay-at-homeschooling mom of 4 living in central Alabama, but a native of south Texas. Feel free to friend me and send me ...
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b-happy7 months, 2 weeks ago
Anyone notice how most people are against the bailout with no strings attached BUT our politicians keep pushing for this damn. Amazing!!!
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Who knew that our government is for the people AND against the people?
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Radiofreeeuropa7 months, 2 weeks ago
One wonders...seems like creating a bigger bubble than those that burst is not really going to help!
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rimbaud7 months, 2 weeks ago
You know how, when you're in Las Vegas, the $100 you usually cling to and try to make go far, goes as fast as a dime? Easy money loses it's value.
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nostalgia7 months, 2 weeks ago
Congress needed to have outside economists and analysts testify instead of listening to only Paulson, Cox and Bernanke
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Many economists were saying this "bailout" was a mistake
Japan tried the same thing for almost 15 years and had the same results
Why does Congress think that throwing money at every problem is the solution?
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