Thursday, December 11, 2008

How costly is this bailout? Some perspective

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.