The bailout in perspective

Discussion in 'The Real World' started by jimpeel, Nov 29, 2008.

  1. jimpeel

    jimpeel Well-Known Member

    Some numbers, for those who need them, as to just how large the bailout has gotten; and what we did that had Earth shaking results spending far, far less.

    All of the programs and events listed are half the cost of this debacle. Here we ara with all of this money being spent and they tell us that we are no better off than before it was spent. The same guys who got us into the mess are the ones who are supposed to get us out of it? Meet the old boss, same as the old boss.

    http://www.ritholtz.com/blog/2008/11/big-bailouts-bigger-bucks/

     
  2. Gonz

    Gonz molṑn labé Staff Member

    I heard another analogy that worls well....

    One million seconds ago, it was two weeks ago. (roughly)

    One billion seconds ago, it was 1974.

    One trillion seconds ago, it was 28000BC.

    Now, multiply that by 7.
     
  3. Dave

    Dave Well-Known Member

    so when does the revolution start?
     
  4. catocom

    catocom Well-Known Member

    When Joe said it would....in about may to july somewhere.
     
  5. chcr

    chcr Too cute for words

    I think it already has, we just won't notice for a while. Do you think the founding fathers could point to an incident while it was happening and say, "This is the start of a revolution." I think that rather they started trying to address circumstances that they found intolerable and only realized that it was revolution later on.
     
  6. catocom

    catocom Well-Known Member

    I concur.
    Some are certainly working on it now.
     
  7. chcr

    chcr Too cute for words

    I'm a bit worried about what happens when (maybe if) it becomes a shooting war though.
     
  8. 2minkey

    2minkey bootlicker

    hmmm. better hoard some ammo!
     
  9. chcr

    chcr Too cute for words

    I'll take it under advisement.
     
  10. Gato_Solo

    Gato_Solo Out-freaking-standing OTC member

    Interesting. I, too, have a perspective...


    $700,000,000,000/306,000,000=<>229,000

    I don't know about you, but $229,000 is more than enough money to pay off a house, or get out of a mortgage problem for most US citizens.

    BTW...I don't advocate giving anyone one red cent, but put that into your perspective.
     
  11. 2minkey

    2minkey bootlicker

    and you too need a new calculator.
     
  12. catocom

    catocom Well-Known Member

    That would pay me off, and provide for the repairs I need desperately.
     
  13. Gonz

    Gonz molṑn labé Staff Member

    about 10 times too high.
     
  14. Gato_Solo

    Gato_Solo Out-freaking-standing OTC member

    You do the math...on your own calc...and tell me what it comes out to. I used the calc in XP.
     
  15. catocom

    catocom Well-Known Member

    yeah, but before this is over, there maybe another 0 there.
     
  16. JTP

    JTP New Member


    "When Benjamin Franklin returned to America in 1762, after almost five years in London, he was shocked at the housing prices.
    “The expence of living is greatly advanc’d in my absence,” he commented. “Rent of old houses, and value of lands ... are trebled in the past six years.”

    Franklin, it seems, had come home to a real estate bubble. It eventually popped — bringing on a credit crunch and deep recession that was the macroeconomic backdrop to the American Revolution.

    Sound familiar?

    The parallels between the current economy and the one Franklin saw highlight a debate among historians: how big a role did economics, as opposed to ideas, play in fomenting revolution?"

    -Tim Arango in today's NYT
     
  17. jimpeel

    jimpeel Well-Known Member

    $700,000,000,000 / 306,000,000 = $2,287.5816993464052287581699346405

    ... approximately :evileek:

    Now, if we take the updated figure of $7.76 trillion it becomes:

    $7,760,000,000,000 / 306,000,000 = $25,359.477124183006535947712418301

    ... approximately :evileek:
     
  18. 2minkey

    2minkey bootlicker

    the fact that you didn't simply eyeball it and say to yourself "this number dudn't look right" frightens me. i didn't need no calculatrix to tell me that something was askew... how sad and dependent amerika has become. :cocktail:
     
  19. catocom

    catocom Well-Known Member

    my guess only about 100mil on Adult people number though, so...
    we can play with the numbers all day, but it's still way toooo much money.
     
    1 person likes this.
  20. Gato_Solo

    Gato_Solo Out-freaking-standing OTC member

    I posted that on the fly and trusted Microsoft. Sue me. :p
     

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