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	<title>Comments on: Citigroup Bailout</title>
	<atom:link href="http://www.oliverwillis.com/2008/11/24/citigroup-bailout/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.oliverwillis.com/2008/11/24/citigroup-bailout/</link>
	<description>Like Kryptonite To Stupid</description>
	<lastBuildDate>Sun, 22 Nov 2009 14:02:09 -0500</lastBuildDate>
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		<title>By: Sean D. Martin</title>
		<link>http://www.oliverwillis.com/2008/11/24/citigroup-bailout/#comment-128255</link>
		<dc:creator>Sean D. Martin</dc:creator>
		<pubDate>Wed, 26 Nov 2008 21:56:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=11536#comment-128255</guid>
		<description>&lt;i&gt;That’s insane.&lt;/i&gt;

No kidding.

And when you consider what came out of the Race to the Moon (just to pick one example) in terms of technical advances and the jobs that resulted from them you &lt;i&gt;really&lt;/i&gt; have to ask whether it makes any sense to bail out failing banks and auto makers.

Might not far more, and better, results come from letting the companies that are failing just fail, and spending money on (just to pick one example) a Race to Energy Independence?</description>
		<content:encoded><![CDATA[<p><i>That’s insane.</i></p>
<p>No kidding.</p>
<p>And when you consider what came out of the Race to the Moon (just to pick one example) in terms of technical advances and the jobs that resulted from them you <i>really</i> have to ask whether it makes any sense to bail out failing banks and auto makers.</p>
<p>Might not far more, and better, results come from letting the companies that are failing just fail, and spending money on (just to pick one example) a Race to Energy Independence?</p>
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		<title>By: Parthenon</title>
		<link>http://www.oliverwillis.com/2008/11/24/citigroup-bailout/#comment-128247</link>
		<dc:creator>Parthenon</dc:creator>
		<pubDate>Wed, 26 Nov 2008 20:43:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=11536#comment-128247</guid>
		<description>My bad. Lazy reading. That&#039;s insane.</description>
		<content:encoded><![CDATA[<p>My bad. Lazy reading. That&#8217;s insane.</p>
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		<title>By: Sean D. Martin</title>
		<link>http://www.oliverwillis.com/2008/11/24/citigroup-bailout/#comment-128244</link>
		<dc:creator>Sean D. Martin</dc:creator>
		<pubDate>Wed, 26 Nov 2008 20:12:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=11536#comment-128244</guid>
		<description>Parthenon: &lt;i&gt;Unadjusted for inflation, to be fair.&lt;/i&gt;

Huh?

&lt;blockquote&gt;If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. ...

    • Marshall Plan: Cost: $12.7 billion, &lt;b&gt;Inflation Adjusted Cost:&lt;/b&gt; $115.3 billion
    • Louisiana Purchase: Cost: $15 million, &lt;b&gt;Inflation Adjusted Cost:&lt;/b&gt; $217 billion
    • Race to the Moon: Cost: $36.4 billion, &lt;b&gt;Inflation Adjusted Cost:&lt;/b&gt; $237 billion
    • S&amp;L Crisis: Cost: $153 billion, &lt;b&gt;Inflation Adjusted Cost:&lt;/b&gt; $256 billion
    • Korean War: Cost: $54 billion, &lt;b&gt;Inflation Adjusted Cost:&lt;/b&gt; $454 billion
    • The New Deal: Cost: $32 billion (Est), &lt;b&gt;Inflation Adjusted Cost:&lt;/b&gt; $500 billion (Est)
    • Invasion of Iraq: Cost: $551b, &lt;b&gt;Inflation Adjusted Cost:&lt;/b&gt; $597 billion
    • Vietnam War: Cost: $111 billion, &lt;b&gt;Inflation Adjusted Cost:&lt;/b&gt; $698 billion
    • NASA: Cost: $416.7 billion, &lt;b&gt;Inflation Adjusted Cost:&lt;/b&gt; $851.2 billion

    &lt;b&gt;TOTAL: $3.92 trillion&lt;/b&gt;&lt;/blockquote&gt;

And that $3,920,000,000,000 is what you get if you add up the inflation adjusted numbers.</description>
		<content:encoded><![CDATA[<p>Parthenon: <i>Unadjusted for inflation, to be fair.</i></p>
<p>Huh?</p>
<blockquote><p>If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. &#8230;</p>
<p>    • Marshall Plan: Cost: $12.7 billion, <b>Inflation Adjusted Cost:</b> $115.3 billion<br />
    • Louisiana Purchase: Cost: $15 million, <b>Inflation Adjusted Cost:</b> $217 billion<br />
    • Race to the Moon: Cost: $36.4 billion, <b>Inflation Adjusted Cost:</b> $237 billion<br />
    • S&amp;L Crisis: Cost: $153 billion, <b>Inflation Adjusted Cost:</b> $256 billion<br />
    • Korean War: Cost: $54 billion, <b>Inflation Adjusted Cost:</b> $454 billion<br />
    • The New Deal: Cost: $32 billion (Est), <b>Inflation Adjusted Cost:</b> $500 billion (Est)<br />
    • Invasion of Iraq: Cost: $551b, <b>Inflation Adjusted Cost:</b> $597 billion<br />
    • Vietnam War: Cost: $111 billion, <b>Inflation Adjusted Cost:</b> $698 billion<br />
    • NASA: Cost: $416.7 billion, <b>Inflation Adjusted Cost:</b> $851.2 billion</p>
<p>    <b>TOTAL: $3.92 trillion</b></p></blockquote>
<p>And that $3,920,000,000,000 is what you get if you add up the inflation adjusted numbers.</p>
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		<title>By: Parthenon</title>
		<link>http://www.oliverwillis.com/2008/11/24/citigroup-bailout/#comment-128240</link>
		<dc:creator>Parthenon</dc:creator>
		<pubDate>Wed, 26 Nov 2008 19:34:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=11536#comment-128240</guid>
		<description>Unadjusted for inflation, to be fair.</description>
		<content:encoded><![CDATA[<p>Unadjusted for inflation, to be fair.</p>
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		<title>By: Sean D. Martin</title>
		<link>http://www.oliverwillis.com/2008/11/24/citigroup-bailout/#comment-128238</link>
		<dc:creator>Sean D. Martin</dc:creator>
		<pubDate>Wed, 26 Nov 2008 19:20:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=11536#comment-128238</guid>
		<description>Interesting &lt;a href=&quot;http://www.ritholtz.com/blog/2008/11/big-bailouts-bigger-bucks/&quot; rel=&quot;nofollow&quot;&gt;point to note&lt;/a&gt;:

- Marshall Plan
- Louisiana Purchase
- Race to the Moon
- S&amp;L Crisis
- Korean War
- The New Deal
- Invasion of Iraq
- Vietnam War
- NASA

&quot;The bailout has cost more than all of these big budget government expenditures – &lt;b&gt;combined&lt;/b&gt;.&quot;</description>
		<content:encoded><![CDATA[<p>Interesting <a href="http://www.ritholtz.com/blog/2008/11/big-bailouts-bigger-bucks/" rel="nofollow">point to note</a>:</p>
<p>- Marshall Plan<br />
- Louisiana Purchase<br />
- Race to the Moon<br />
- S&amp;L Crisis<br />
- Korean War<br />
- The New Deal<br />
- Invasion of Iraq<br />
- Vietnam War<br />
- NASA</p>
<p>&#8220;The bailout has cost more than all of these big budget government expenditures – <b>combined</b>.&#8221;</p>
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		<title>By: Duros62</title>
		<link>http://www.oliverwillis.com/2008/11/24/citigroup-bailout/#comment-128190</link>
		<dc:creator>Duros62</dc:creator>
		<pubDate>Wed, 26 Nov 2008 14:54:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=11536#comment-128190</guid>
		<description>Whew! got that bailout money just in time. Now they can still buy the naming rights for the Mets stadium.</description>
		<content:encoded><![CDATA[<p>Whew! got that bailout money just in time. Now they can still buy the naming rights for the Mets stadium.</p>
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		<title>By: durablend</title>
		<link>http://www.oliverwillis.com/2008/11/24/citigroup-bailout/#comment-128176</link>
		<dc:creator>durablend</dc:creator>
		<pubDate>Wed, 26 Nov 2008 09:47:05 +0000</pubDate>
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		<description>They&#039;re getting all that bailout money AND giving their customers a BIG thank you kiss...an across the board rate increase (and/or credit limit deduction).</description>
		<content:encoded><![CDATA[<p>They&#8217;re getting all that bailout money AND giving their customers a BIG thank you kiss&#8230;an across the board rate increase (and/or credit limit deduction).</p>
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		<title>By: anotherbozo</title>
		<link>http://www.oliverwillis.com/2008/11/24/citigroup-bailout/#comment-128173</link>
		<dc:creator>anotherbozo</dc:creator>
		<pubDate>Mon, 24 Nov 2008 13:42:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=11536#comment-128173</guid>
		<description>Part of me wants to dance on their grave.  They were a lousy bank for the little guy when I had an account.</description>
		<content:encoded><![CDATA[<p>Part of me wants to dance on their grave.  They were a lousy bank for the little guy when I had an account.</p>
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		<title>By: Grumpymann</title>
		<link>http://www.oliverwillis.com/2008/11/24/citigroup-bailout/#comment-128168</link>
		<dc:creator>Grumpymann</dc:creator>
		<pubDate>Mon, 24 Nov 2008 10:51:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=11536#comment-128168</guid>
		<description>Hand out for someone else = bad 

Hand out for me = good.</description>
		<content:encoded><![CDATA[<p>Hand out for someone else = bad </p>
<p>Hand out for me = good.</p>
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		<title>By: Jaim</title>
		<link>http://www.oliverwillis.com/2008/11/24/citigroup-bailout/#comment-128165</link>
		<dc:creator>Jaim</dc:creator>
		<pubDate>Mon, 24 Nov 2008 10:37:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.oliverwillis.com/?p=11536#comment-128165</guid>
		<description>George W. Bush = Socialist</description>
		<content:encoded><![CDATA[<p>George W. Bush = Socialist</p>
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