Comments for CNBC: Crisis Has Now Cost More Than WWII (Inflation Adjusted) »
Posted By Shana4Liberty 1 year, 1 month ago in Political NewsThe 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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nostalgia1 year, 1 month ago
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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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