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  • Bailout Costs vs Big Historical Events | The Big Picture

    Left hand side : taxpayer bailout money spent in 12 months Right hand side : taxpayer money spent in 206 years. This Bailout Nation graphic shows the the total costs to the taxpayer of all the monies spent, lent, consumed, borrowed, printed, guaranteed, assumed or otherwise... more

    Reviewed by OliviaB Jun 18, 05:24pm ( 5 reviews ) • ritholtz.com

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  • Rated by OliviaB on Jun 18, 5:24pm

    Left hand side : taxpayer bailout money spent in 12 months Right hand side : taxpayer money spent in 206 years. This Bailout Nation graphic shows the the total costs to the taxpayer of all the monies spent, lent, consumed, borrowed, printed, guaranteed, assumed or otherwise committed. It is nothing short of astonishing. In one short year the bailouts managed to spend far in excess of nearly every major one-time expenditure of the USA, including WW2, the moon shot, the New Deal, Iraq, Viet Nam and Korean wars -- COMBINED. 206 years versus 12 months. I figure we are spending the resources of the planet in much the same way, causing global warming. ::: exxon to pay interest ANCHORAGE, Alaska -- Exxon Mobil Corp. was ordered Monday to pay about $500 million in interest on punitive damages for the Exxon Valdez oil spill off Alaska, nearly doubling the payout to Alaska Natives, fishermen, business owners and others harmed by the 1989 disaster. Well I'd like to see Exxon foot the bill for the entire recent bailout. That would be far better than the piddling $500 million which is like a bite on the bum of an elephant to exxon.

  • Rated by lazarst on Jun 18, 1:52pm

    From the page: It is exceedingly difficult to convey exactly how much we are spending on all these bailouts. Whenever I start talking trillions (versus mere billions), I get puzzled looks from people. Humans have a hard time conceptualizing any number that large. I wanted a graphic way to clearly show how astonishingly ginormous the amounts involved were. So I once again went to Jess Bachman at Wallstats. I gave him my list of expenditures (inflation adjusted of course!) and he went to work. This early Bailout Nation graphic shows the the total costs to the taxpayer of all the monies spent, lent, consumed, borrowed, printed, guaranteed, assumed or otherwise committed. It is nothing short of astonishing.

  • Rated by Alcoolex on Jun 18, 7:08am

    Adjusted for inflation ? I think not

  • Rated by MShades on Jun 18, 5:43am

    A graphical representation of the bailout as compared to the last 200 years of major American spending (the Korean & Vietnam wars, the moon missions, etc)