Conservative Revolutionary American Party III

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Thursday, November 20, 2008

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.