Obviously a simple typo, as I'm sure you know the GDP for 2010 was $14.6 trillion.
2% of that is $292 billion, and we have a $2 trillion annual budget.
How much is trades daily on the stock markets? There are 1.3 Billion shares traded every day. That works out to 298 Billion a year, figuring in 260 trading days. That is just the NYSE. 13 Billion shares are traded on the NASDAQ per year. That is 311 Billion shares, .01% of that would be 31 Billion shares, times that by the shares worth. You get a HUGE number.
Thanks, it was a typo. Let’s hope Obama never learns what comes after a trillion.