Earlier today I saw this handy click-to-enlarge pie chart at Boing Boing from Voltage Blog
The pie on the right includes the Marshall Plan, the Louisiana Purchase, the moonshot, the S&L crisis, the New deal, NASA, and the Korean, Vietnam, and Iraq wars, for a total of $4.6 trillion.
On the left we have the somewhat larger 2008 bailout pie.
But then tonight I read at Bloomberg : Nope, it's not $4.6 trillion, it's $7,700,000,000,000.
At $24,000 for every man, woman and child in the US, it could pay off more than half their mortgages.
Bob Eisenbeis, economist for the Atlanta Fed for 10 years, on the lack of government oversight : "They got snookered."
But these are just loans, right? The companies will pay the taxpayers back when ... when ....
Holy crap! Isn't this the part in the movie where the seasoned old cop/FBI/CIA guy tells the anxious victim not to submit to blackmail/ransom/terrorist's demands because they will never stop their demands no matter how much you pay them and besides if you give in they're just gonna kill you/your wife/your country afterwards anyway?
Commenter Frank W at Boing Boing : "Money is a meme. It consists of the belief in it. That does not mean it does not exist, just that it consists of the belief in it. So, here's a pretty picture of a unicorn."
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