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How large is the "Wall Street welfare" spending for this crisis? It is more expensive, inflation adjusted, than World War II, or the following projects combined:

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

TOTAL: $3.92 trillion [less than $4.6165 trillion]

You could run thoroughly "socialist" welfare and helath care systems (or Soviet Union itself) for decades on this money.

(Hat tip to Jim Bianco and Barry Ritholtz, of course.)

by das monde on Wed Nov 26th, 2008 at 03:17:47 AM EST

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