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Unbelievable Graph Comparing Government Bailouts Since 1970

This really doesn't need a lot of explanation -just a bedpan. It makes me sick to read this knowing this was the most massive transfer of wealth in the history of the world. This cannot be blamed on any one man more than any one man can "fix it". This took the penultimate combination of greed and ignorance. Legislation will not prevent a repeat act possibly within some of our lifetimes.

historical graphical representation of government bailouts

It's pretty amazing. I actually did a bailout graphical comparison by year but 2008 was so big that only 1989 even registered. Let's face it, in the last 4 months we have spent $1,347,000,000,000 in bailouts. Brother and sister that's more damage than any terrorist group could have done. And no, Bush did not do this, the Republicans did not do this, Clinton did not do this and Obama cannot fix this. We did this and we can fix this.

Sources:
http://www.insurancejournal.com
http://en.wikipedia.org/wiki/Penn_Central
http://uspolitics.about.com/od/economy/a/lockheedBailout.htm
http://utvi.com

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Posted by Ken "Yes You Can" Cook on 11/26/2008 11:32 PM

Comments (5)

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5 Comments on Unbelievable Graph Comparing Government Bailouts Since 1970

NOV

I have to find the article I found yesterday pointing to a quote from the NYT... it was enlightening on several levels.

NOV

Graphics can really hit a reader in the gut. Excellent. You know I'm totally against this entire bailout giveaway. We have a housing crisis so we give over a Trillion Dollars to the very entities that caused it.

It's like killing a father and mother and putting the children of the victim in the care of the killer.

Send this to your congresspersons and let them know what we're thinking.

George Bush protected us from terrorist attacks for 7 years and then sat quietly by while American financial institutions raped the American home owners and tax payers. This thing is so wrongheaded it defies description.

We have about 75,000,000 home owners who are going to be held hostage to their real estate for many years.

Stop me, please!!

I flagged this for feature, for what it's worth.

Pretty powerful graph!! Puts everything right in front of your eyes!

A picture is worth a thousand words! The truth is so scary.

NOV

WOW! That graph really does hit home what's going on in our economy! I knew it was HUGE but, with the visual, it just gives you a nauseaous feeling, doesn't it?!

Debe in Charlotte

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