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

Posted By Shana4Liberty 1 year ago in Political News

NEW YORK - NOVEMBER 14: Traders work on the floor of the New York Stock Exchange (NYSE) seconds before the closing bell November 14, 2008 in New York City. The Dow dropped over 300 points in the last minutes of trading, bringing an end to another volatile week on Wall Street. (Photo by Spencer Platt/Getty Images)

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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.