This is the last relative comparison I'll make of the pledges to date... for now. Below is a chart of some interesting analysis posted at Riholtz.com from Jim Bianco detailing past "big budget" government expenditures:
These massive expenditures pale in comparison to the current pledges made by the Fed, FDIC, Treasury, and FHA to date (again pledges, not costs).
Hey, I'd rather bail out banks than have another war, but a trip to Mars would have been awfully exciting.
Have you ever tried to plot "GDP growth x Oil price"? I read somewhere that all recessions since 1945 have been preceded by shocks in oil price...
ReplyDeleterafael- there's a good chart in this presentation:
ReplyDeletewww.iaee08ist.org/DownloadPresentation.php?PI=85&T=2
Thanks.
ReplyDeleteHow about adding cost of WWII?
ReplyDelete