Tuesday, July 7, 2009

New bailout numbers

This, for all those constantly raised eyebrows, comes from Reuters, which is not exactly your average, everyday right-wing news agency.

New estimates for the bailout package our elected officials have heaped upon us, when taking into account what the federal government will be able to buy (with our money) in terms of bad loans per year, how they'll be able to shed those loans, even at a loss (again, our money), and then repeat the procedure the following year, brings the new projected total to ...

Are you ready?

You might actually want to sit down.

Oh, and get a glass of water before you do so.

Or a wet cloth.

Might want to have a phone nearby, too ... just in case.

And the winning number is ...

$1.8 trillion.

That, by the way, doesn't include all the pork projects Democrats said they wouldn't allow on this particular bill but heaped on top regardless.

So let's see ...

$1.8 trillion bailout package.

Nearly $1 trillion in new spending proposed by Barack Uhbama.

And these tax cuts he and his bumbling, lying VP partner are championing are going to come from WHERE exactly?

The saddest aspect is that so many are buying their bullshit.

(Imported from Oct. 4, 2008)

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