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Bailout costs more than Marshall Plan
Barry Ritholtz sez, In doing the research for the "Bailout Nation" book, I needed a way to put the dollar amounts 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. Crunching the inflation adjusted numbers, we find 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 Adju
- Saved By: toms1393 and tonnyj1936
- Tags: iraq war , vietnam war , new deal , korean war , moonshot , bailout costs more than marshall plan , s l bailout , and and nasa s lifetime budget combined
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