Home | Business News | Browse by Publication | S | Synthesis/Regeneration

The real cost of the bailout and stimulus.

Publication: Synthesis/Regeneration
Publication Date: 22-MAR-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: The real cost of the bailout and stimulus.(Collapse of Capitalism?)

Article Excerpt
$9.7 trillion.

That is what Bloomberg reports as of February 9, 2009 has been committed on behalf of the American taxpayer to bail out America's finance system and stimulate the economy.

Only a small percentage of this money--$1.68 trillion--has been voted on by Congress. Congress has voted on the Bush era tax cuts of $168 billion, the Obama era stimulus of $800 billion, and the $700 billion TARP (Troubled Asset Relief Program) legislation to bail out the financial sector.

The vast majority of the spending, $8.1 trillion, has been off the Congressional books and made by the Federal Reserve and FDIC. The Federal Reserve (which is a non-government, private institution made up of US banks) and Federal Deposit Insurance Corporation have...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Synthesis/Regeneration
Getting catastrophe down to a science.(Thinking Politically)(Gaza stri..., March 22, 2009
Victory at Republic!(Collapse of Capitalism?)(Republic Windows & Doors..., March 22, 2009
A country awash in money but going broke.(Collapse of Capitalism?)(Uni..., March 22, 2009
Honduran workers' union under attack.(Collapse of Capitalism?)(Worker ..., March 22, 2009
Belem ecosocialist declaration.(Collapse of Capitalism?), March 22, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.