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To: ding_dong_daddy_from_dumas

Well I guess if every major bank in the country catastrophically fails and every company goes bankrupt and defaults on its commercial paper...

And even so, it looks like that $8.7 trillion number includes monetary stimulus, which is completely different from expenditure of taxpayer dollars. They obviously wanted a headline-grabbing number, not a serious estimate of the cost of the bailouts.


16 posted on 01/08/2009 1:27:48 PM PST by Arguendo
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To: Arguendo
>>Well I guess if every major bank in the country catastrophically fails and every company goes bankrupt and defaults on its commercial paper...<<

Remember, you claimed that we would get most of the bailout money back. It's not necessary for all of them to fail for most of that money to be lost. But I hope you turn out to be right.

>>And even so, it looks like that $8.7 trillion number includes monetary stimulus, which is completely different from expenditure of taxpayer dollars.<<

If we have rampant inflation as a result of all this "investment" that's every bit as bad as being taxed.

23 posted on 01/08/2009 3:08:52 PM PST by ding_dong_daddy_from_dumas (I want to "Buy American" but the only things for sale made in the USA are politicians)
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