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Bankster Bailouts Of 2008/9 Exceed Over 200 Years Of Major Government Spending
Combined cost of major historical events does not even come close
Steve Watson
Infowars.net
Thursday, June 18, 2009
The amount of US taxpayer money committed to bailouts over the last 12 months by far exceeds the combined cost of major historical events dating back over 200 years.
The combined amount spent, lent, consumed, borrowed, printed, guaranteed, assumed or otherwise committed to bailouts by the government from March 2008 to March 2009 amounts to some $15 TRILLION.
To emphasize how much money that is, the producers of the book Bailout Nation, put together the following graphic, which illustrates how almost every large one time expenditure of the US over the last 206 years is a drop in the ocean compared with the current level of spending.
The cost of World War Two, the race to the moon, the New Deal, and the Iraq, Vietnam and Korean wars combined does not come close to the amount spent so far in just 12 months on the bailout of a handful of privately owned offshore corporations.
Click for enlargement:
(Article continues below)
The graphic is based on the following inflation adjusted figures, put together by Bianco Research President James Bianco:
That amounts to $11 TRILLION+ less than the cost of the financial crisis so far.
The only event in US history that gets anyway near the current level of spending is World War Two, which originally cost $288 billion, $3.6 trillion according to Bianco’s inflation adjustment figures.
That means that the most expansive and encompassing military venture in human history still cost the US taxpayer over four times less, during a six year period, than the “rescue” of a select number of banks and financial institutions did in just one year.
If you still cannot imagine how much money we are talking about, watch the following clip which shows you what just $1 TRILLION looks like:
Now multiply that by fifteen.
Now multiply that by sixty-five.
And so on…
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28 Responses to “Bankster Bailouts Of 2008/9 Exceed Over 200 Years Of Major Government Spending”
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June 18th, 2009 at 9:55 am
Is it just me, or does this representation seem to leave out any number of expenditures over the past 200 years?
(Where’s the cost of WWI, for instance?)
The bailouts are easy enough to criticize without having to resort to sloppy reporting like this.
cheapogroovo Reply:
June 18th, 2009 at 10:42 am
The sloppy reporting is usually overlooked if the person/company is a sponsor of GCN or the AJ show
Social Viability Reply:
June 18th, 2009 at 1:55 pm
Sloppy reporting or sloppy thinking?
I didn’t read anywhere that these financial bailouts exceeded ALL spending during 206 years of American history. It simply juxtaposes the amount of money dumped into these bailouts with a bunch of other massive government spending actions that people are familiar with.
The point is simply to illustrate the sheer volume of money that has been stolen from you and I.
And your reaction to a very good illustration of the blatant robbery going on under your nose? You moan about how what you imagine should have been included in the article.
No wonder we’ve put up with an institution like the Federal Reserve looting us for so long.
Don’t fight the system:
Replace it
http://socialviability.com/
I'm So Bored With The U-S-A Reply:
June 19th, 2009 at 9:31 am
It says right in the headline that the bailouts “Exceed Over 200 Years Of Major Government Spending,” and that the “combined cost of major historical events does not even come close,” both of which are clearly incorrect.
(They even include spending on NASA, which is not a one time expenditure, but leave out the defense budget.)
And, since you obviously read my statement with the same attention to detail you devoted to the article itself, I pointed out just how easy it is to criticize the bailouts, so I am obviously not a supporter of this “blatant robbery.”
That said, when an article is full of omissions, distortions, and logical fallacies, and has apparently no concern for detail or fact, it is indeed sloppily written, even if you agree with its conclusion.
(I would actually say, ESPECIALLY if you agree with it.)
Anthony Reply:
June 18th, 2009 at 10:43 am
Sloppy?
Jim Lunsford Reply:
June 18th, 2009 at 3:13 pm
That would be Fox News for king of slop.
June 18th, 2009 at 10:38 am
http://www.youtube.com/watch?v=_Wy5qTeHqms
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Im tired of bein the victim
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nader paul kucinich gravel Reply:
June 18th, 2009 at 12:00 pm
The Wall Street Bailouts
The Wall Street Shuffle
June 18th, 2009 at 12:07 pm
The good thing about all this spending is you realize that you can do NOTHING to change it. The Admin and Congress do anything they want. We need that tunnel under the highway for the turtles. —ironically–Bush wasn’t that bad—with him the stimulus was a check in the mail, with Obama it is a bill in the mail.
June 18th, 2009 at 12:08 pm
CRIMINAL BANKERS NEED LOVE TO :
I RECOMMEND A TIME OUT……………
IN A FEDERAL FACILITY
June 18th, 2009 at 12:09 pm
“The cost of daily living, from buying food to getting medical care, will become difficult for all but a few as the dollar plunges. States and cities will see their pension funds drained and finally shut down. The government will be forced to sell off infrastructure, including roads and transport, to private corporations. We will be increasingly charged by privatized utilities—think Enron—for what was once regulated and subsidized. Commercial and private real estate will be worth less than half its current value. The negative equity that already plagues 25 percent of American homes will expand to include nearly all property owners. It will be difficult to borrow and impossible to sell real estate unless we accept massive losses. There will be block after block of empty stores and boarded-up houses. Foreclosures will be epidemic. There will be long lines at soup kitchens and many, many homeless. Our corporate-controlled media, already banal and trivial, will work overtime to anesthetize us with useless gossip, spectacles, sex, gratuitous violence, fear and tawdry junk politics. America will be composed of a large dispossessed underclass and a tiny empowered oligarchy that will run a ruthless and brutal system of neo-feudalism from secure compounds. Those who resist will be silenced, many by force. We will pay a terrible price, and we will pay this price soon, for the gross malfeasance of our power elite.”
http://www.truthdig.com/report....._bankrupt/
June 18th, 2009 at 1:20 pm
Sign the petition “An Open Letter to our Nation’s Leaders”
http://www.thepetitionsite.com.....leadership
These principles come from an open letter to America that was sent from a listener to the Glenn Beck Program. You can read the context here.
Principles
I. Illegal immigration. I want you to stop coddling illegal immigrants and secure our borders. Close the underground tunnels. Stop the violence and the trafficking in drugs and people. No amnesty, not again. Been there, done that, no resolution. P.S., I’m not a racist. This isn’t to be confused with legal immigration.
II. TARP. I want it repealed and I want no further funding supplied to it. We told you no, but you did it anyway. I want the remaining unfunded 95% repealed. Freeze, repeal.
III. Czars. I want the circumvention of our checks and balances stopped immediately. Fire the czars. No more czars. Government officials answer to the process, not to the president. Stop trampling on our Constitution and honor it.
IV. Cap and trade. The debate on global warming is not over. There is more to say.
V. Universal healthcare. I will not be rushed into another expensive decision. Don’t you dare try to pass this in the middle of the night and then go on break. Slow down!
VI. Growing government control. I want states rights and sovereignty fully restored. I want less government in my life, not more. Shrink it down. Mind your own business. You have enough to take care of with your real obligations. Why don’t you start there.
VII. ACORN. I do not want ACORN and its affiliates in charge of our 2010 census. I want them investigated. I also do not want mandatory escrow fees contributed to them every time on every real estate deal that closes. Stop the funding to ACORN and its affiliates pending impartial audits and investigations. I do not trust them with taking the census over with our taxpayer money. I don’t trust them with our taxpayer money. Face up to the allegations against them and get it resolved before taxpayers get any more involved with them. If it walks like a duck and talks like a duck, hello. Stop protecting your political buddies. You work for us, the people. Investigate.
VIII. Redistribution of wealth. No, no, no. I work for my money. It is mine. I have always worked for people with more money than I have because they gave me jobs. That is the only redistribution of wealth that I will support. I never got a job from a poor person. Why do you want me to hate my employers? What do you have against shareholders making a profit?
IX. Charitable contributions. Although I never got a job from a poor person, I have helped many in need. Charity belongs in our local communities, where we know our needs best and can use our local talent and our local resources. Butt out, please. We want to do it ourselves.
X. Corporate bailouts. Knock it off. Sink or swim like the rest of us. If there are hard times ahead, we’ll be better off just getting into it and letting the strong survive. Quick and painful. Have you ever ripped off a Band%u2011Aid? We will pull together. Great things happen in America under great hardship. Give us the chance to innovate. We cannot disappoint you more than you have disappointed us.
XI. Transparency and accountability. How about it? No, really, how about it? Let’s have it. Let’s say we give the buzzwords a rest and have some straight honest talk. Please try %u2011%u2011 please stop manipulating and trying to appease me with clever wording. I am not the idiot you obviously take me for. Stop sneaking around and meeting in back rooms making deals with your friends. It will only be a prelude to your criminal investigation. Stop hiding things from me.
XII. Unprecedented spending. Stop it now. Take a breath. Listen to the people.
Jim Lunsford Reply:
June 18th, 2009 at 3:17 pm
Done. Even though I despise Glenn Beck.
June 18th, 2009 at 1:46 pm
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June 18th, 2009 at 2:10 pm
This just the begining of the end of the story called – “THE BOTTOMLESS BASKET”
June 18th, 2009 at 2:22 pm
Check out this misinformation from Bill Maher: http://www.facebook.com/video/.....p;comments
June 18th, 2009 at 7:02 pm
Until we follow suit of many other countries who tossed these Zionist bastards out for doing the same thing, this circle of abuse will continue. These people are parasites, who cry anti semitism when the host nation grows aware of their crime.
June 18th, 2009 at 7:17 pm
http://www.youtube.com/watch?v=lQcRv9Pzk4c
Recent conversation during the formation of TARP….
Banker Paulson: Ive been thinking about ripping off the entire banking system
Banker Bernake: sounds good how do we do it?
Banker Paulson: easy I just add a credit to this account and now we have BILLIONS to play with…
Banker Bernake: Why not make it TRILLIONS?
Banker Paulson: Lets do it and see if we get away with it!!!
Of course the true definition of Bail-OUTS = still from the poor to enhance the banksters
June 18th, 2009 at 9:04 pm
Uncle Sam needs your help
June 18th, 2009 at 9:37 pm
A trillion $? How about a $QUADRILLION- $1 QUADRILLION in derivatives. (1 quadrillion = 1000 trillion)
http://www.RevokeTheFed.com
June 18th, 2009 at 9:47 pm
and we are not rioting in the streets, protesting or doing a fucking thing about it. So we are all fag cowards who condone them stealing our money, our country has turned into a group of useless chickenfucking sheep.
June 18th, 2009 at 11:20 pm
Exposing 9-11 will expose the bankers this is why the mainstream media is so harsh on 9-11 truth http://www.youtube.com/watch?v.....annel_page spawn of 9-11
June 18th, 2009 at 11:35 pm
Awakened your comment motivated me to become a new supporter of Obamah and I will now follow your lead and watch Dancing with the Stars! Thanks for showing me the way Awakened Loan Wolf, without you everyone on PrisonPlanet would steal be in the DARK.
Awakened Lone Wolf Reply:
June 19th, 2009 at 12:27 pm
Eat shit and die
June 19th, 2009 at 7:56 am
[...] Bankster Bailouts Of 2008/9 Exceed Over 200 Years Of Major Government Spending Filed under: Uncategorized — darthchaosofrspw @ 9:56 AM Bankster Bailouts Of 2008/9 Exceed Over 200 Years Of Major Government Spending [...]
June 20th, 2009 at 9:45 pm
we are fuck upthe ass with no vasaline
June 20th, 2009 at 10:12 pm
This is all good to me because we have seen the rise and now we are seeing the fall of america. God is destroying the US for what it has done to the slaves for 400 years of free labor. JUSTICE has come and the US has falling. Now the puppet masters are letting a blackman putting the finale touches on something thats been in the works for years.If you give me 400 years of free labor,watch how great I will bcome !! And may God bless AJ.
June 21st, 2009 at 2:56 pm
[...] Read more [...]