Whenever I discussed the current bailout situation with people, I find they have a hard time comprehending the actual numbers involved. That became a problem while doing the research for the Bailout Nation book. I needed some way to put this into proper historical perspective.

If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so let’s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.

Jim Bianco of Bianco Research crunched the inflation adjusted numbers. 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: $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: $3.92 trillion

All of these past events cost 3.92 trillion dollars in adjusted amounts. Amazingly Obama’s current stimulus bills have already spent 4.6165 TRILLION. What are the American People thinking. These cash loans are being floated by Countries like China. Recently Hillary Clinton delivered a Document to the Chinese Government granting EMINENT DOMAIN on American soil. WTF! here is your source link:

http://boards.msn.com/MSNBCboards/thread.aspx?threadid=981726

Again MR Scholar someday you will learn to support your arguments with data and facts and not some twisted belief system where you blindly follow a party. Wake up SCHOLAR Wake UP!

http://mediamatters.org/items/200902260026?f=h_top

In a February 26 Associated Press article on the omnibus legislation passed by the “Democratic-controlled House” on Tuesday, David Espo reported that “Republicans assailed the legislation as too costly” and quoted Republicans criticizing the bill as, in the reporter’s words, “bristl[ing] with earmarks.” While Espo included examples of Democratic earmarks, at no point did he give any indication that many of the earmarks were included in the bill at the request of Republicans. Moreover, Espo cited the Taxpayers for Common Sense as a critic of the earmarks in the bill, without noting that the group cited earmarks by both Democrats and Republicans.

While quoting Republicans attacking the bill for earmarks, Espo did not note a handout distributed on February 24 by House Majority Leader Steny Hoyer (D-MD) titled “You can’t spell ‘earmark’ without an ‘R,’ ” asserting that “40% of the earmarks in the omnibus appropriations bill are Republican earmarks.” The handout also stated that “[t]he earmarks in the omnibus appropriations bill total less than 1% of the budget,” and that they “were reduced by 43% last year, and the omnibus appropriations bill reduces earmarks by another 5%.”

Espo also wrote that “[a]fter persuading lawmakers to keep earmarks off the stimulus bill, Obama made no such attempt on the first non-emergency spending measure of his presidency. The result was that lawmakers claimed billions in federal funds for pet projects — a total of 8,570 earmarks at a cost of $7.7 billion, according to Taxpayers for Common Sense [TCS].” He added: “Majority Democrats declined to provide a number of earmarks, but said the cost was far smaller, $3.8 billion, 5 percent less than a year ago.” However, Espo did not note that TCS highlighted both Republican and Democratic earmarks.

Indeed, in its February 24 item on the earmarks in the omnibus bill, TCS reported that Rep. Dennis Rehberg (R-MT) sponsored an earmark designating $300,000 for a “Montana World Trade Center,” Rep. John Peterson (R-PA) sponsored an earmark designating $200,000 for an “Oil Region Alliance,” and Rep. Barbara Cubin (R-WY) sponsored an earmark designating $190,000 for the “Buffalo Bill Historical Center.”

I know it kills you to think that Republicans might be hypocritical when it comes to what they say and what they do, but the sooner you realize this fact, the better.