These numbers from Barry Ritholtz put things into perspective:
• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion
Related: Citigroup Bailout? Is Anybody Tallying These Bailouts?
Subscribe to:
Post Comments (Atom)
http://www.spiegel.de/international/business/0,1518,592658,00.html
ReplyDeleteGood time to buy a Porche.
Fydor: Interesting article. How fragile are they that two lousy quarters and they're sending out the SOS that they're sinking? In Vancouver, I'd say BMW is as popular as Toyota. They're everywhere. The article states it's pure boneheaded management.
ReplyDelete