Comments on: Bailouts in Perspective

By: ChooseTheHero.com » Blog Archive » Is Obama Change Incarnate?

ChooseTheHero.com » Blog Archive » Is Obama Change Incarnate? — Mon, 01 Dec 2008 04:08:36 +0000

[...] The cost of the bailout. [...]

By: F3 Coalition - [Faith. Family. Freedom.] » Blog Archive » Is Obama Change Incarnate?

Sun, 30 Nov 2008 08:32:31 +0000

[...] The cost of the bailout. [...]

By: Greg Ransom

Greg Ransom — Wed, 26 Nov 2008 05:03:09 +0000

So now we know the actual cost of 8 years of Keynesian "stimulus", via the Fed's below natural rate interest rates and Bush's borrowing and spending -- combined with the CRA program, the Carter/Clinton/Bush program to encourage minorities to take take on subprime debt they couldn't afford. $3.92 trillion -- that's pretty penny to pay for bad economics and PC politics. I say blame the "idiot savants" who give us the brain dead macroeconomics of Keynes as if this pseudo-science were real knowledge.

By: Dave Schuler

Dave Schuler — Wed, 26 Nov 2008 02:15:11 +0000

If you use an analogous methodology to the one by which economist Joseph Stiglitz determined that the war in Iraq was a “trillion dollar war”, the cost of the bailouts goes up into the tens of trillions.

By: Michael

Michael — Wed, 26 Nov 2008 01:23:47 +0000

Kate, that is for the "invasion" of Iraq, basically everything up until "Mission Accomplished". That was a small fraction of the total money we've spend in Iraq.

By: Steve Plunk

Steve Plunk — Wed, 26 Nov 2008 01:18:04 +0000

Floyd is right. Much of this "bailout" is in the form of loans. The actual cost is not yet determined. All of the other costs were real outlays of cash.

I'm not sure I support much of what is going on but we have to discuss it in real terms not made up comparisons.

By: Kate

Kate — Wed, 26 Nov 2008 00:55:08 +0000

I'd question whether the figure for the Iraq war is correct. I can't be a good interwebs commenter and provide links, because I have to go to work (in Australia), but I've heard much higher estimates, especially if you include things such as future medical costs for injured soldiers.

Anyone heard anything credible?

By: Floyd

Floyd — Tue, 25 Nov 2008 22:49:27 +0000

The problem with the above is that the listed programs were real costs for the most part.
And the recent "bail-outs" are not real costs, in fact most experts expect that the government stands to actually profit from a large part of these "bail-outs". Besides much of this money is placed at risk in the same way a cosigner is at risk. If all goes reasonably well, then most of the money mentioned will never need be paid out.
All things considered, I would guess the real cost will wind up at about 1/10th the above figure, all in.

By: Below The Beltway » Blog Archive » Putting The Bailouts In Perspective

Below The Beltway » Blog Archive » Putting The Bailouts In Perspective — Tue, 25 Nov 2008 22:06:16 +0000

[...] James Joyner Related PostsPutting The Iraq War Into [...]

By: odograph

odograph — Tue, 25 Nov 2008 20:54:03 +0000

^ too much donburi at lunch. I blame the missing or wrong words above on an incipient rice coma.

By: odograph

odograph — Tue, 25 Nov 2008 20:49:57 +0000

I saw that. Pretty crazy and scary. With representative government and Congressional approval for Cabinet posts ... we're supposed to have sane people at these posts. We can take it on trust. With something this bizarre we can hope that's true, but how to know for sure? How the heck to we trust but verify? There are claim "too hot" or "too cold" or "just right" as each plan or change of plan is announced, but it is just so obscure to those of us not on Wall Street and not in Washington. Pundits who seem sure also seem to be operating on just as little information as the rest of us. ... but I think it's safe to say that if the disease really deserves this medicine, the disease is bad.