Bigger than 9/11

November 26, 2008 at 4:17 am | Posted in Uncategorized | 1 Comment

man. . .

This is going to be bigger than 9/11. With the new citibank bailout, the total cost of this exceeds 4 trillion dollars (and some change. . .). People often have a hard time putting 4 trillion into perspective. Here is what 4 trillion can buy:

(adjusted for inflation)
– the Marshall plan: $115.3 billion
– the Louisiana purchase: $217 billion
– The moon landings: $237 billion
– The S&L debacle: $256 billion
– The Korean War: $454 billion
– The New Deal: $500 billion (Aren’t republicans supposed to be against this shit?!?! If you’re a republican and support this bailout plan, I am sorry, but you are an idiot)
– Iraq: $597 billion
– Vietnam: $698 billion
– The entire NASA budget: $851.2 billion

Yes sir, folks, that amount of money just got released into the economy. Ooooh, I can just SMELL the inflation now. Geez, this isn’t just a financial crisis anymore, this is an economic COLLAPSE.

I don’t know about you, but gold bullion looks mighty attractive right now. . .

1 Comment »

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  1. I don’t know… I’m thinking that guns, food, and cigarettes look might attractive right now.

    I’m just concerned that it may well be that the predictive ability of our economic models is low enough that truly no one knows what to do next. The scarier part is that Obama is using advisors like Rubin who accidentally missed the collapse of Citibank when he was on the friggin’ board. No matter what his supposed past experience, I don’t want him involved in the “fix.” Or anyone who has been setting Wall Street policy or comes from that frame. I just don’t think they “get” the systemic nature of the world we live in, and their “finance is the center of the universe” perspective strikes me as too anemic to deal with the current situation.

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