Wednesday, November 26, 2008

Relative Size of Pledges... Part III

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.

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4 comments:

  1. MNovember 26, 2008 at 5:40 PM

    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...

    ReplyDelete
  2. JakeNovember 27, 2008 at 6:25 PM

    rafael- there's a good chart in this presentation:

    www.iaee08ist.org/DownloadPresentation.php?PI=85&T=2

    ReplyDelete
  3. MNovember 28, 2008 at 5:07 PM

    Thanks.

    ReplyDelete
  4. --jjsteinDecember 1, 2008 at 6:41 AM

    How about adding cost of WWII?

    ReplyDelete