[ex-Texan]

According to Bloomberg, the federal government has made commitments worth a total of $8.5 trillion in the bailouts of 2008. That includes actual expenditures as well as loan and asset guarantees.

I suspected this was the case. But I could not find a mainstream news report that spelled out my suspicions. The cost of these bailouts exceed all the major wars in history. And greedy corporate crooks are still lining up for more 'free money.' Obama wants to stimulate the economy with another $ 2 Trillion immediately. That ought to bring the total cost up to more than $ 10 Trillion.

Freaking insanity prevails in D.C. The government is going to print money until the US Dollar is worthless. Then they want to print Ameros and wipe out all debt with new currency. Insanity !

I want my personal bailout, too. Where is my bailout _______ ?

[al baby]

They are Fools and we should mass and toss them all out on the streets on there arsssss

[ex-Texan]

*Ping* ! . . .

[org.whodat]

Just Damn!!!

[Army Air Corps]

Just as I had expected. Feckless stupidity.

[Arguendo]

Not that I'm defending most elements of the bailouts, but the number they give here is almost meaningless. No one suggests that the cost of the bailouts will by $8.5 trillion, that's just their gross "value." For instance, this number includes $1.5 trillion of new FDIC guarantees, but it is highly unlikely that actually payouts will come even close to this. Even most of the $350 billion or so that the Treasury Debt. has invested in bank equity should come back to the treasury, perhaps even at a profit, unless every one of those banks fails (in which case a $350 billion government expenditure would be the least of our worries).

[Sig Sauer P220]

Is there an exit strategy?

[Gritty]

We

Are

So

Screwed...

[longtermmemmory]

This is the point of the left

THE DC INSIDERS ARE WHISPERING THAT A BIGGER NEW DEAL COULD HAVE PREVENTED WWII.

(Hitler would have won but war would have been prevented)

SPENDING EQUALS POWER FOR THE LEFT.

The set up for 2010 and 2012 will be the “republicans want to take your handout.”

[JudgemAll]

Amnesty here, bailout there, reparations now, free gitmos about... eh, proof of my adage that war costs less than politics and the government gulags that follow.