06 December 2008

Wow, wrap your head around this

Last week, the gang over at Consumerist ran a short piece on the amount of money on the line for 2008's historic bailout. The numbers being bandied about are massive to the point of incomprehensibility and all of these numbers are being removed of all context in order to make the whole unseemly thing more palatable. Anyhow, Consumerist put all of it in an inflation-adjusted context and every one needs to see this. Check out this pie chart:


Mind bending. Really. Here's their inflation-adjusted breakdown:
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: $551b, 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: $3,920,000,000,000
2008 BAILOUT TOTAL AS OF NOV 2008: $4,616,000,000,000


This is being undertaken by a Republican administration. Can we please never hear the phrase "tax and spend liberal" in another campaign?

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