Bailout costs more than Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, Iraq war, Vietnam war

Dandelion Salad

by Barry Ritholtz
Global Research, December 2, 2008

Bailout costs more than Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, Iraq war, Vietnam war, and NASA’s lifetime budget — *combined*!

In doing the research for the “Bailout Nation” book, I needed a way to put the dollar amounts into proper historical perspective.

If we add in  the Citi bailout, the total cost now exceeds $4.6165 trillion dollars.

People have a hard time conceptualizing very large numbers, so let’s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.

Crunching the inflation adjusted numbers, we find the bailout has cost more than all of these big budget government expenditures – combined:

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion

TOTAL: $3.92 trillion

© Copyright Barry Ritholtz, Global Research, 2008

The url address of this article is: www.globalresearch.ca/index.php?context=va&aid=11265

see

“Oops, We Meant $7 TRILLION!” by Ellen Brown

Every Trick in the Book By Mike Whitney

Bailout costs $8.5 trillion

The Economy Sucks and or Collapse 2

3 thoughts on “Bailout costs more than Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, Iraq war, Vietnam war

  1. Pingback: Climate Change: World War III by another name? by William Bowles « Dandelion Salad

  2. Thanks so much– I was about to start looking for that scale I found, but unfortunately it was still back a few weeks at the Hoover Dam. Naomi did indeed warn about disaster capitalism, we all heard it, and yet not a word from the wise, they’re just laughing all the way to the bernank.

  3. Pingback: Crisis and Opportunity by Ralph Nader « Dandelion Salad

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