Wednesday, November 26, 2008

How big is the bailout?

$7.8T and counting. Via Barry Ritholz: http://www.ritholtz.com/blog/2008/11/78-trillion-bailout/

How does that compare to other very large US expenditures? (Via Barry Ritholz again: http://www.ritholtz.com/blog/2008/11/big-bailouts-bigger-bucks/)

Plan$ Cost (billions)$ Inflation Adjusted Cost (billions)
Marshall Plan12.7115.3
Louisiana Purchase15217
Race to the Moon36.4237
1980's S&L Crisis153256
Korean War
54454
The New Deal
32500
Invasion of Iraq  
551597
Vietnam War
111698
NASA416.7851.2 
World War II2883.6 Trillion

COMBINED TOTAL: $7.52T, or $0.28T less than the bailout so far.

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