{"id":2366,"date":"2008-11-26T01:24:03","date_gmt":"2008-11-26T06:24:03","guid":{"rendered":"http:\/\/www.brianarner.com\/weblog\/wordpress\/2008\/11\/conceptualizing\/"},"modified":"2008-11-26T01:24:03","modified_gmt":"2008-11-26T06:24:03","slug":"conceptualizing","status":"publish","type":"post","link":"http:\/\/www.brianarner.com\/weblog\/2008\/11\/conceptualizing\/","title":{"rendered":"Conceptualizing The Magnitude Of The Government Bailout"},"content":{"rendered":"<p>It&#8217;s getting increasingly difficult to simply imagine the amount of money the federal government is committing to get us out of the financial crisis.<br \/>\n<a href=\"http:\/\/www.ritholtz.com\/blog\/\">Barry Ritholtz<\/a> tries to put it in context by comparing it to <a href=\"http:\/\/www.boingboing.net\/2008\/11\/25\/bailout-costs-more-t.html\">the cost of previous big ticket government expenditures<\/a>:<\/p>\n<blockquote><p>\u2022 Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion<br \/>\n\u2022 Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion<br \/>\n\u2022 Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion<br \/>\n\u2022 S&#038;L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion<br \/>\n\u2022 Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion<br \/>\n\u2022 The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)<br \/>\n\u2022 Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion<br \/>\n\u2022 Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion<br \/>\n\u2022 NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion<br \/>\nTOTAL: $3.92 trillion <\/p><\/blockquote>\n<p>According to his estimate, the government has pledged <strong>$4.6165 trillion<\/strong> for this bailout.  On Monday <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=washingtonstory&#038;sid=arEE1iClqDrk\">Bloomberg reported<\/a> the government is prepared to make <strong>$7.76 trillion<\/strong> available to deal with the crisis.<br \/>\nWhatever the total, it&#8217;s almost an unimaginable sum.<br \/>\nUPDATE:  <a href=\"http:\/\/www.ritholtz.com\/blog\/2008\/11\/big-bailouts-bigger-bucks\/\">Full post<\/a> on Barry&#8217;s blog.<\/p>\n","protected":false},"excerpt":{"rendered":"<a href=\"http:\/\/www.brianarner.com\/weblog\/2008\/11\/conceptualizing\/\" rel=\"bookmark\" title=\"Permalink to Conceptualizing The Magnitude Of The Government Bailout\"><p>It&#8217;s getting increasingly difficult to simply imagine the amount of money the federal government is committing to get us out of the financial crisis. Barry Ritholtz tries to put it in context by comparing it to the cost of previous big ticket government expenditures: \u2022 Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion [&hellip;]<\/p>\n<\/a>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-2366","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uncategorized","7":"h-entry","8":"hentry"},"_links":{"self":[{"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/posts\/2366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/comments?post=2366"}],"version-history":[{"count":0,"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/posts\/2366\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/media?parent=2366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/categories?post=2366"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brianarner.com\/weblog\/wp-json\/wp\/v2\/tags?post=2366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}