2008 Wall Street bailout
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If you include the Citibank bailout, the total bailout cost now (2008-11-27) exceeds $4.6165 trillion. This is bigger than all of these prior historic government outlays combined, in inflation-adjusted dollars:
| Project | contemporary billion$ | 2008 billion$ |
|---|---|---|
| Marshall Plan | $12.7 | $115 |
| Louisiana Purchase | < $0.1 | $217 |
| Race to the Moon | $36.4 | $237 |
| S&L Crisis | $153 | $256 |
| Korean War | $54 | $454 |
| The New Deal | ~$32 | ~$500 |
| Invasion of Iraq | $551 | $597 |
| Vietnam War | $111 | $698 |
| NASA | $417 | $852 |
| Total: | $3926 |
Source: Bianco Research, via Barry Ritholtz, via Contrary Brin
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- 2008/11/25 [L..T] Big Bailouts, Bigger Bucks “The current Credit Crisis bailout is now the largest outlay in American history”, even when earlier outlays are adjusted for inflation.
- 2008/10/02 [L..T] Congressman Brad Sherman: Martial Law if We Voted No “A few Members were even told that there would be martial law in America if we voted "no."”
Video
- 2008/10/02 [L..T] Congressman Brad Sherman: Martial Law if We Voted No “A few Members were even told that there would be martial law in America if we voted "no."”