CNBC: Crisis Has Now Cost More Than WWII (Inflation Adjusted) »

Posted By Shana4Liberty 11 months, 3 weeks ago in Political News

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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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    Shana4Liberty11 months, 3 weeks ago

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    and they keep pushing for more and more...

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    Radiofreeeuropa11 months, 3 weeks ago

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    One wonders...seems like creating a bigger bubble than those that burst is not really going to help!

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      Lurch11 months, 3 weeks ago

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      Just think how bad it would be if this was really an actual crisis and not something created by RW hacks and the idle rich.

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      rimbaud11 months, 3 weeks ago

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      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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        nostalgia11 months, 3 weeks ago

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        Congress needed to have outside economists and analysts testify instead of listening to only Paulson, Cox and Bernanke
        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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