Posted by Scott Malensek on 1 April, 2009 at 7:02 am. 18 comments already!


The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008.

According to the Congressional Research Service (a non-partisan group that Senator and now President Barack Obama doesn’t even know exists), the war in Iraq cost about $500billion over 6years.

Allegedly, the Bush tax cuts cost about $400billion over 10years.

President Obama’s first 2 1/2 months cost as much as:
7 wars in Iraq
25 Bush tax cuts
1 full year of every American’s productivity
(1 year of our Gross Domestic Product)

They’ve been spending money and giving it away for almost half a year now.

I think it’s time to say it’s not working.

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