What has the Bush-Obama Bailout cost?

Well the bailout has now cost the American people well over 4 TRILLION dollars. I would say that is a bit more than the $700 billion congress had told us it would cost. People like to throw around numbers like that. Some many think ‘Oh well, what’s 4T to the US government?’

Well this is what it is:

And they said Bush's war was expensive...

And they said Bush's war was expensive...

So the bailout has costed us more than EIGHT times the amount spent on Dubya’s invasion of Iraq. But where are the naysayers now? Where are the people pointing at this, largely democrat supported, waste of tax payer dollars?

When a program has costed more than four times what the entire NASA program has spent since it’s creation. That’s a whole lot of dollars. While I question the government funneling so much money into the space program when we have barely searched our seas (but what don’t I question), I would say it is more prevalent than bailing out bankers.
What has the bailout brought us? Well I can tell you what it hasn’t done: fixed our economy.
But everyone knew it wouldn’t – just don’t tell that to Barney Frank or the rest of the pinheads that passed it off as legitimate to the American people.

I can tell you one thing the bailout has done – put money into the hands of the bankers. After recieving the money, it seems a lot of banks have used it, not to help themselves, but to buy up their competition. Go congress!
The other thing that the bailout has done is influenced other failing industries – like the American auto industry for instance – into coming to the government with open hands, groveling and begging for change.

So now, we have a bunch of businesses who BEFORE didn’t want government intervening in their business…now they are begging for a hand out.

In a perfect world, the government would not give the businesses money – then again they also would not do the majority of things our blessed government does.
We’ll see if the do-nothing congress does something, sadly it probably will. Under the guidance of their grandmaster Barack, congress will probably give the industry all it asks for – perhaps more.

2 Responses to “What has the Bush-Obama Bailout cost?”

  1. Might as well give them even more now as I don’t believe anyone really believes our currency system will survive this fiasco. Not that I personally believe it was supposed to survive it anyway. Perhaps we can now just go ahead and get rid of the unconstitutional federal reserve system at last. If nothing else, the internet has finally been successful in spreading the word about the consequences of such an institution, not to mention it’s predecessor’s role in determining our Founding Father’s decision to declare they’re independence. Great post, Jim

  2. I wish I had four trillion dollars…I’d pay off school, then take a vacation :D

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