Mother Jones is a leftist publication, but does good research. It’s a good resource.
The real cost of the bailout is the sovereignty of the United States.
Wonder where they got the information lol it’s been out for a while
http://beforeitsnews.com/story/1887/$700_billion_is_a_LIE_$14_trillion_the_real_size_of_the_bailout
didn’t they endorse this guy for prez?
if so, then they should just quit carping and take what they wanted.
Well, it dovetails with something I read a while back— somewhere, in those thousands of links I maintain, a think tank added all of Duh!1’s proposed spending up and came up with 14.7 trillion dollars.
Of course, if it’s like most gooberment figures, you have to double or triple it to get near the final cost...
What comes after trillions?
Did you that Dollar you saved in a CD a day before Obama was elected, will soon be worth only 7 cents?
Why? Dilution. The Treasury and Fed, in cahoots with some inner circle intermediary traders are busy printing money from nothing. Federal Spending in the Bush years ran around 1 Trillion per year. Since Obama was elected that spent amount must now take in the $14 TRILLION cost of the financial sector bailout according to Ma Jones.
A 14+ to 1 dilution. Your dollar in cash or equivalent has a value at least 1/14th of what it was. That’s about 7 cents status quo ante.
Welcome to the new ObamaMonopoly rules of life! Where you wealth is measured ONLY by how close you stand to the ObamaStash.
AKA: Zimbabwe Redux.
It’s actually worse. But we count stink bombs. They all just merge together into one big stink after the first few.