Bailouts + Packages: Twice the Size of the War on Terror

And this DOES NOT include the potential / likely costs of all the new lending facilities / conversion of Morgan Stanley or Goldman...

War on Delever
Feb. 13: Initial Stimulus Package (i.e. rebate checks)

Mar. 17: Bear Stearns Guarantee

Sept. 7: Freddie / Frannie Bailout

Sept. 17: AIG

Sept. 20: Bail-out Proposal

TBD: Potential Auto Bailout

Just how big is this? It's roughly 2x the size of spending to date on BOTH the Afghanistan and Iraq wars to date... Ladies and gentlemen. We have a new financial war in progress....


Cost of the Iraq / Afghanistan Wars to Date

The Military Industrial Complex

I highly recommend The Economic Cost of the Military Industrial Complex The United States for an abundance of information on the unbelievable scale of the U.S. military. One snippet:

The only superpower remaining on earth, currently spends more on military than the next 45 highest spending countries in the world combined. The U.S. accounts for 48% of the world’s total military spending.

Our most recent war has now cost more real dollars than WW I, the Korean War, and the Gulf War combined (and that's after accounting for inflation)...