I found this info via BoingBoing.net who point out that "the bailout costs more than Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, Iraq war, Vietnam war, and NASA's lifetime budget -- combined!"
And, yeah, that's adjusted for inflation.
The source is Barry Ritholtz who is writing a book on the bailouts. Bianco Research crunched the numbers.
I guess Ritholtz can add some more items to the combined list now that we're apparently bailing out the domestic auto industry.
Awesome. Anything else we can bailout?
Link to Ritholtz's post.
Thursday, December 11, 2008
How costly is this bailout? Some perspective
Friday, November 28, 2008
New poll: Spending less for the holidays?
New poll: Are you spending less for the holidays?
Whether you are or aren't check out Gary's handy list of Black Friday deals.
Black Friday deals galore
Just for the heck of it, I thought I would post the following websites to lend a hand on Black Friday, and throughout the upcoming shopping season. If they help, I'm a hero, if not then nothing is lost. Here you are:
Get a jump on Black Friday sites which can help you get your best shopping deals this year are:
Tuesday, November 25, 2008
Obama, Clinton and deregulation
John Berlau argues pretty persuasively on Reason Online that President-elect Obama has a "Clinton Problem":
... [T]he Obama campaign's twin messages of bashing deregulation and embracing the Clinton years were inherently contradictory. Bill Clinton signed nearly every deregulatory measure that John McCain backed — the same measures that are now being blamed (wrongly) for helping cause the current crisis.
What's more, Clinton administration officials have credited these policies for contributing to the ‘90s economic boom—the very "shared prosperity" that Obama says he wants to go back to.
Persuasive, yes, but meaningful? Maybe not. See, Berlau believes this to be a paradox that needs to be resolved. I believe this is how our system operates. Say this, do that, and never the twain shall meet.
Link to Obama's Clinton Problem on Reason Online
Friday, November 21, 2008
Take a civics test
This is the American Civics Literacy Test that was on the news last night. 2508 people took it and we averaged 49% on the score. Elected officials averaged 44%. Any surprise there?
56% of the people polled knew Paula Abdul was a judge on American Idol. Nice!
Anyway, here's the site:
http://www.americancivicliteracy.org/resources/quiz.aspx
Have fun! The last 6 questions are doozies. See if you agree with the answers. Feel free to argue them here.
Thursday, November 13, 2008
Should the government stop dumping money into a giant hole?
Should The Government Stop Dumping Money Into A Giant Hole?
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