All of the bailouts are expected to $1.8 trillion and we get “green credits” and IRS fun!

Posted by Al Canata

Thanks to Declan McCullagh for his article that highlights the non-financial portions of the bailout.

Particularly useful is his chart (with information from Reuters) that shows that all the various bailouts of this year will cost $1.8 trillion.

Here are some useful comparisons: the GDP of the UK is $2.1 trillion.

The GDP of Australia is $646 billion.

I wonder if it makes more sense to rent Australia for a couple of years?

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10/04/2008 @ 3:22 pm | Bailout Watch, Politics as Usual | Comments

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