Tuesday, November 25, 2008

The Bailout: A New Perspective


This article puts a historical perspective on the real cost of the current bailout. It is costing more than Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, Iraq war, Vietnam war, and NASA's lifetime budget -- *combined*! And we are speaking in terms of real dollars, so the historical costs have been inflation adjusted for comparison, and our current bailout still costs more. This is unacceptable.

No comments: