Cost of the Bailout: 7.4 Trillion?

by Dual Income No Kids on November 24, 2008 · 0 comments

This story is burning up the blogsphere. Evidently someone at Bloomberg added up government’s lending to prop up the economy. The grand total is nearly $7.4 trillion dollars – or half the total GDP of the entire country in the last year.

Thats hardcore economic interventionism. The worst part is that most of it being done through the Federal Reserve bank, which doesn’t exactly have a reputation for transparency.

Click here for the story.

Best,

James

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