Bailout Tally: $4.28 Trillion So Far

We’re hearing of bailouts everyday, bailouts for every kind of industry – insurance, housing, mortgage, investment banks, credit card companies, automobile, etc. Even States are going insolvent and demanding federal bailouts now.

CNBC is keeping track of all the bailouts and where the money is going. Now the bailout has reached $4.28 trillion dollars.

“That’s $4,284,500,000,000 and more than what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources.”

Click the below link to see the line by line breakdown of where our taxes are going in this bailout that Naomi Klein calls “borderline criminal”.


CNBC: Financial Crisis Tab Already In The Trillions

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2 thoughts on “Bailout Tally: $4.28 Trillion So Far

  1. Any suggestions on how we get Congress and the President to stop giving away all of our money? The auto industry needs to go into bankruptcy, yet politicians aren’t listening, as far as I can tell, to we peons of the country. Labor rules. I say that they should replace all of our lost dollars in personal 401(k)s and IRA’s before they give a penny to the auto industry for pensions and benefits. Automakers are certainly less deserving than we are and no one’s stepping to the plate to help us out. We all need to pepper our representatives on a daily if not hourly basis to protest this bailout.

  2. Hi pitbullpatti,

    Thank you for the comments.

    This is exactly how people are feeling. Their elected reps are not listening and continue to bleed the country. I think more people need to feel the way you feel in order to bring real change.

    Maybe if enough people see what this bailout really is (looting of the treasury), they will be angry enough to demand a stop to it. History has shown that collectively people are “a power governments cannot suppress”.

    I am sure if a million people stood outside the White House demanding the President put a stop to this looting – it would stop.

    But for now – people seem ignorant or apathetic. Teachers here in California are being laid off while our taxes are being handed to pay for the bonuses of those Wall Street executives who are responsible for this mess. It is only by the will of the American people that we allow our government to spend billions of dollars for bombing Afghan wedding parties and deprive 10,000 kids a decent education in California:

    http://www.sacbee.com/101/story/1406360.html

    Please spread the word!

    Thank you.

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