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Some real good math on behalf of the US government...

Discussion in 'Politics & Religion' started by drmike, Jan 6, 2009.

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  1. #1
    Looking t a story in CNN it appears someone is trying to hide some... and that soemthing is... well an absolute LOT of money. According this this story (http://money.cnn.com/2009/01/06/news/economy/where_stimulus_fits_in/index.htm?cnn=yes) the US government has dished out $7.2 Trillion in bailouts...

    They reference $29 Billion to Bear Stearns
    They reference $245 Billion to Citigroup
    They reference $600 Billion to gaurantee money market deposits

    And then they stop by saying the list goes on and on.

    The list they provide equals up to $974 Billion.... so the on-going list must have the details on the other $6.2 Trillion.

    Perhaps if one looks deep enough they can find where that $6.2 Trillion went but it seems to me that this is pretty lazy journalism, doing a story on $7.2 Trillion worth of bailouts and only talking about $974 Billion worth of them in the article.
     
    drmike, Jan 6, 2009 IP
  2. shamus

    shamus Active Member

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    Typical CNN propaganda, that's why they can't tell you about the rest - because it's probably not true/entirely accurate.
     
    shamus, Jan 6, 2009 IP
  3. Lexiseek

    Lexiseek Banned

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    #3
    After $1 trillion people have a hard time counting accurately. I can't even understand a number that big.

    1,000,000,000,000,000,000,000,000,000
     
    Lexiseek, Jan 6, 2009 IP