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accordingtoalannaFiled under: Business & Finance | Tags: bailouts, financial crisis, recession, where the hell is my money?!
every american currently has 15,330 of these invested in bailouts.
Howdy, kids! I know, I know…long time, no post. I’m sorry. And I’m sure you’re all on the very edge of your seats wondering about the current recession and economic crisis! Well, have no fear. I’m here to fuel your rage about the whole thing just a little bit more.
Let’s take a look at the recent government “investments”, or as I like to call them “bailouts for companies that should have just fallen by the wayside thanks to market evolution and a laissez faire approach to economy, but what do I know.”
Following the Citigroup bailout (and not counting the loan of probably about $15b to the automakers), the total “cost” the government has enacted is $4.61 TRILLION. That means, if we’re simply going by population numbers, that 100 percent of the income of EVERY citizen, including children, makes here in the good ol’ US of A for 3.9 months has been given to floundering companies by our fearless leaders. This means that every single one of American, yes, you too, have $15,330 invested in various failing companies. Congratulations! Your “You Lose, Sucka!” bumper sticker is in the mail.
If $4.61 trillion is still too big of a sum to break down in your head, here’s another way to look at things. With costs adjusted for inflation, the bailout as it stands is about $1 trillion MORE than the government spending on all of these COMBINED: Marshall Plan, Louisiana Purchase, Savings and Loan Crisis, Korean War, New Deal, Invasion of Iraq, Vietnam War and NASA.
Keep that in mind as you watch your investments flounder, your colleagues get laid off and your taxes increase (in the next few years) while Wall St. CEOs contemplate taking or leaving their multi-million dollar bonuses this year.
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