I have come to realize...

[Kirkland Laing]

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion


World War II: Original Cost: $288 billion, Inflation Adjusted Cost: $3.6 trillion

Total cost : $7.52 trillion.








Nov. 24 (Bloomberg) -- The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.





The unprecedented pledge of funds includes $3.18 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the plan approved by lawmakers, the Treasury Department’s $700 billion Troubled Asset Relief Program. Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis.





When Congress approved the TARP on Oct. 3, Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson acknowledged the need for transparency and oversight. Now, as regulators commit far more money while refusing to disclose loan recipients or reveal the collateral they are taking in return, some Congress members are calling for the Fed to be reined in.





Bloomberg.com: Exclusive

[El Kabong]

So congress is now calling for the Fed to be reined in but did they or did they not vote to bail out companies only AFTER putting in a little pork just to win some more votes over.


Oh it's mighty scary how much power the Fed Chairman wields now. But to not give any blame to the people that voted for these big bail outs is wrong.

[Kirkland Laing]

So congress is now calling for the Fed to be reined in but did they or did they not vote to bail out companies only AFTER putting in a little pork just to win some more votes over.


Oh it's mighty scary how much power the Fed Chairman wields now. But to not give any blame to the people that voted for these big bail outs is wrong.

It isn't wrong at all, it's exactly right. The original proposal Bush sent Congress was a one page document that gave the Bush Treasury total control over the $700 billion with zero congressional oversight and immunity from prosecution should there be any corruption in spending the 700. Congress eventually passed a far better bill for the taxpayer than the GOP originally wanted. And Congress was forced to pass the bailout bill because Bush had fucked the economy up to such an extent it was in danger of total meltdown. If they hadn't passed anything we'd already be facing a Depression, as it is we may still avoid one.

But let's lay the blame where it belongs Lyle. The Democrats had nothing to do with this, this is all Bush's fault.

[El Kabong]

...whatever, it's your problem now captain

[Kirkland Laing]

...whatever, it's your problem now captain

It's not my problem at all. Nothing to dow ith me.

[El Kabong]

OK it's the democrat's problem now....is that better

[Kirkland Laing]

OK it's the democrat's problem now....is that better

I thought the GOP were the party of personal responsibility?