I received this from a friend.  It’s insane what our government thinks it’s ok to do with our tax money.  They aren’t helping anyone, they are simply postponing the inevitable fall of companies that do not know how to create a viable business plan and compete.  They are grandstanding with a self-created hero complex where government swoops in and saves the day.

If we add in the Citi bailout, the total cost of the bailout now exceeds $4.6165 trillion dollars.

The bailout has cost more than all of these big budget government expenditures – combined:

    • 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: $551 billion, 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

 

The only expenditure that comes close is WWII, and even that cost less.