Bailout Tally: $3.8 Trillion and Counting

Posted by Faiz Shakir, Think Progress at 12:10 PM on November 17, 2008.

"Three-point eight trillion dollars. That's $3,800,000.000.000. More than what was spent on WW II, if adjusted for inflation."

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CNBC is keeping tabs on the amount that the federal government has been forced to spend to bail out corporate America. The total? 'Three-point eight trillion dollars. That’s $3,800,000.000.000. More than what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources.' Check out CNBC’s line-by-line breakdown of where the taxpayer funds are going.

Tagged as: economy, bailout

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the figure stands at... [Report this comment] Posted by: undrgrndgirl on Nov 17, 2008 12:53 PM Current rating: Not yet rated [1 = poor; 5 = excellent] 4.2 trillion according to the link in the article...maybe it has to do with the 3 hour time difference from the east coast to the west (where i am reading)... this money should have been used to pay off consumer credit card & student loan debt...now THAT would have spurred the economy !!! [« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5] And to think the Republics... [Report this comment] Posted by: Quannah on Nov 17, 2008 1:15 PM Current rating: Not yet rated [1 = poor; 5 = excellent] are throwing a hissy fit over $25 billion to the car manufacturers... [« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

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