Bailout costs more than Marshall Plan, Louisiana Purchase, moonshot.....*combined*!

http://www.boingboing.net/2008/11/25/bailout-costs-more-t.html ^

[TopQuark]

$4.6165 trillion dollars.
Numbers seem to be ridiculous.
Show the calculations, including adjustments for inflation.

[hedgetrimmer]

The ‘bailout’ is a sleight of hand to redirect money to foreign governments so that globalization can be kept on life support,because globalization is not a viable entity on its own.

You see ‘free trade’ gutted the American domestic economy. Taxpayers are really getting pinched, and it’s harder for the globalists to use their money to pay for globalization. So they figured out a way to grab half the US gross domestic product. That’s the 7.5 billion dollars they keep talking about. They are going to wholly remove that money from our economy and countries like China, and Brazil and other “free trade partners” are going to get it.

GM has said they will use at least a billion of their ‘bailout’ to build factories in Brazil, and finish shutting down in the US. Of course previous to the “free trade” revolution to overthrow this country, GM would not have been able to offshore. Now they will become a wholly foreign corporation, but still stick the taxpayers with their incorporation still as a US company.

It is a vast redistribution of wealth, most Americans don’t have a clue. Of course our infrastructure will fail, you can’t remove half a country’s GDP and not have massive failures and layoffs.

[Ron H.]

I believe we are witnessing the largest re-distribution of wealth that any man could ever dream up and it’s happening right under everyones noses and with the blessing of a dumbed down America.

[weston]

I am stupefied by the amount of money this congress and Bush are giving to the banks, foreign gov’ts, companies etc. They are just passing it out like water!!!
What if someone would have thought this thing out and said...hey, let's give a million dollars to every household in America with the stipulation that they pay off all their mortgages and other debt first.....! All the banks would have gotten their money. All the car companies would be flush from all the new cars flying off the lots. Problem solved.
But NOOOO they give the money to the banks so they can LOAN Americans the money and CHARGE them interest out the wazooo.
Socialism is socialism. If they were going to give the money away, why didn't they give it to the folk! We could have had a YEAR OF JUBILEE in the USA, with everyone debt free.

[weston]

And they are re-distributing FROM the middle class TO the wealthy investor globalists. We are being RAPED without a scream! Paulson, Pelosi, Reid ...all of them should be hung for treason. They are giving away our children's future. The next three generations will be slogging away in Obama’s CCC gulag in order to pay for this!!!!

[Tunehead54]

Historic reference bump! ;-(

[Centurion2000]

bump

[weston]

people just don’t seem to get what’s happening BUMP

[TomasUSMC]

4.6 TRILLLLLLLLLLION.

Well lets all make a list of the constructive things our Government could have done with 4.6 trillion BUCKS.

How about dividing it among the 120 million voters. Thats, lets see, if its 10 dollars each it = 1.2 billion
100 dollars = 12 billion
1000 dollars = 120 billion
10000 dollars = 1.2 trillion
38000 dollars = 4.6 trillion

So if a Husband and Wife voted they would receive 76,000 dollars. If the had to kids going to college that still lived at home, thats 152,000 dollars.

AS IT IS, THEY ARE GETTING ZIP NADA ZERO. Well they ARE getting a devalued dollar. And they are getting to see that their 401k has lost one of every four dollars it was worth.
AND they might be getting evicted and losing their job.

But those banks, well they are getting something else noW arn’t they.

Run on the Banks and make their stocks do a death dive to the bottom OF THE SEA. ..... before they steal the rest of our money.

If the people in little Iceland and in poor Thailand can fight back, WE CAN.

[TomasUSMC]

That’s just the Federal Reserve numbers. If you take FDIC, Treasury, and the Federal Housing administration into account, add the Citi asset backing, and then newly announced TALF amount, you’re over $8.3 Trillion.

Here’s $7.4 Trillion broken down (no Citi, no TALF):

http://www.bloomberg.com/apps/data?pid=avimage&iid=i0YrUuvkygWs

SO >>>THAT<<< COMES OUT TO ABOUT 60,000 DOLLARS FOR EVERY VOTER!

$120,000 PER VOTING HOUSEHOLD.
120 thousand dollars would replace some of what many have lost in their 401k, in their home value.

If we did that, then we wouldn’t need those banks, let ‘em feel the tough love the rest of Americans are feeling!

Pull the rug from the banks, Pull your money out, before they devalue U.S. dollar to zero.

[Halfmanhalfamazing]

No it’s not. Free trade is merely the opposite of smoot hawley.

You know, the tariff act that caused the great depression?

I agree with you on some thing, I don’t like the rush to globalization. But free trade isn’t the crux.

The 7.5 B is more to keep the status quo; our politicians don’t want to let go of the power they currently have and they know that americans are gonna come bearing pitch forks soon.

They don’t want the silent majority; conservatives; unemployed. Because we know who’s to blame. Government.

[Halfmanhalfamazing]

I’d rather they just didn’t print all this money in the first place. All it’s gonna do is devalue the dollar and hurt us all.

Why demand funny munny?

[dennisw]

It seems hard to believe that the printing of $4.7 Trillion won't cause hyperinflation. After all, our current GDP is about $14 Trillion and they are now going to print another $4.7 trillion. That sounds like the sort of conditions that would spawn hyperinflation. Am I missing something?

The deflation forces are so strong they might get away with this 7.7 trillion dollar bailout
Trillions in value has been destroyed in housing, the stock market and more

[Ron H.]

And they are re-distributing FROM the middle class TO the wealthy investor globalists. We are being RAPED without a scream! Paulson, Pelosi, Reid ...all of them should be hung for treason. They are giving away our children's future. The next three generations will be slogging away in Obama’s CCC gulag in order to pay for this!!!!

Precisely!