[hope_full]

I do not understand something about all this "bailout" business.

In November 2008, Congress approved $850 billion for TARP. Now Obama is talking about an economic stimulus of $825 billion. Is BO talking about *another* $825 billion, or is talking about allocating that original $850 billion?

If he's talking about another $825 billion, then we're talking about spending $2,000,000,000,000 in about 90 days time. A little back of the envelope calculating shows that an alternative would be to give every American household (110 million) a check for $18,181.

Now *that* would be a stimulus check.

So, how many trillions is BO talking about here? Is he really talking about an addition $825 billion? If so, where on earth is he going to get those dollars? That's a lot of moola.

[wd]

Let me see ... we are talking about 8 trillion and more.

825 is "another".

You might want to take a look at this:

http://www.bloomberg.com/apps/data?pid= ... YrUuvkygWs

[mefistofeles]

Anywhere between three to five trillion. According to Nouriel Roubini at rgemonitor the figure is three trillion six hundred billion dollars:


Roubini Estimates True Costs are Three Point Six Trillion

I have also seen the five trillion dollar figure bantered about by various organizations.

Personally I think the costs will exceed five trillion. Since there is no way for the US to raise this sort of money the dollar will probably crash.

I've even started to hear estimates from people who were bullish on Treasuries just months ago that the dollar could lose 50% of its value.

[pedalling_faster]

$this->bbcode_second_pass_quote('mefistofeles', 'A')nywhere between three to five trillion. According to Nouriel Roubini at rgemonitor the figure is three trillion six hundred billion dollars:

...

I've even started to hear estimates from people who were bullish on Treasuries just months ago that the dollar could lose 50% of its value.

[bratticus]

[flash width=425 height=344]http://www.youtube.com/v/4es7u93zRlY[/flash]

[ReverseEngineer]

$this->bbcode_second_pass_quote('hope_full', 'I') do not understand something about all this "bailout" business.--snip-- Now *that* would be a stimulus check. So, how many trillions is BO talking about here? Is he really talking about an addition $825 billion? If so, where on earth is he going to get those dollars? That's a lot of moola.

[Jotapay]

The last announced figure was 8.5 trillion.

[dinopello]

$this->bbcode_second_pass_quote('', 'W')e need to invest money, but we will borrow that from our kids and our grandkids. We won't worry about that in Washington. But the two things we can't borrow from you is time and energy, and that schematic curve that we showed a little bit ago, we can't even use all of that oil that's available to us for our ordinary economic activities or we'll have nothing to invest in these alternatives, so we have got to embark on a very aggressive conservation program so we have something to invest.

[Tyler_JC]

We have no choice but to spend trillions of dollars to prop up the economy and create growth.

If we don't create economic growth, how are we supposed to pay back all of the debt that was incurred to prop up the economy?

[Sixstrings]

pedalling_faster wrote:
$this->bbcode_second_pass_quote('', 'a')nyway, i would be very relieved if the US dollar only fell 50% from where it is now, during the next 10 years.

[EndOfGrowth]

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('hope_full', 'I') do not understand something about all this "bailout" business.

In November 2008, Congress approved $850 billion for TARP. Now Obama is talking about an economic stimulus of $825 billion. Is BO talking about *another* $825 billion, or is talking about allocating that original $850 billion?

If he's talking about another $825 billion, then we're talking about spending $2,000,000,000,000 in about 90 days time. A little back of the envelope calculating shows that an alternative would be to give every American household (110 million) a check for $18,181.

Now *that* would be a stimulus check.

So, how many trillions is BO talking about here? Is he really talking about an addition $825 billion? If so, where on earth is he going to get those dollars? That's a lot of moola.

[ReverseEngineer]

$this->bbcode_second_pass_quote('EndOfGrowth', '
')Some of the banks are actually using the money to restore their balance sheets.

[EndOfGrowth]

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('EndOfGrowth', '
')Some of the banks are actually using the money to restore their balance sheets.

[jasonraymondson]

When will you all wake up and agree with me.

Lets petition for the clear cutting of the burdening

[shady28]

$this->bbcode_second_pass_quote('hope_full', 'I') do not understand something about all this "bailout" business.

In November 2008, Congress approved $850 billion for TARP. Now Obama is talking about an economic stimulus of $825 billion. Is BO talking about *another* $825 billion, or is talking about allocating that original $850 billion?

If he's talking about another $825 billion, then we're talking about spending $2,000,000,000,000 in about 90 days time.