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.

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