10-06-2008, 12:29 AM
October 5, 2008 at 08:13:32
<b>Now that Wall Street has been bailed out, where is the rest of USA going?</b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->So far, the United States has spent about $985 billion in corporate welfare for the Wall Street Bailout ($700 billion), the nationalization of Fannie Mae and Freddie Mac ($200 billion), and the takeover of AIG ($85 billion). Altogether that figure represents about seven percent of the US Gross Domestic Product (GDP). <!--QuoteEnd--><!--QuoteEEnd-->
<b>Now that Wall Street has been bailed out, where is the rest of USA going?</b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->So far, the United States has spent about $985 billion in corporate welfare for the Wall Street Bailout ($700 billion), the nationalization of Fannie Mae and Freddie Mac ($200 billion), and the takeover of AIG ($85 billion). Altogether that figure represents about seven percent of the US Gross Domestic Product (GDP). <!--QuoteEnd--><!--QuoteEEnd-->