Tuesday, December 23, 2008

Where's our outrage part 2

Yeah, so last night my "federalist" bonus dad (a.k.a John, VERY conservative) wanted to know where I got my numbers in my previous post. Of course, now I can't find the link. I started the search over and I find numbers ranging all over the place.  I googled "total cost of bailout". So far, on the first page of results I am not seeing my original number of 8.4 Trillion; however, the "low" end is 4 Trillion, high end is 7.4 Trillion. But really, is 4 TRILLION any better??? Can you even wrap your brain around that number??? Here's a great way to put it : In simple terms (and using the accepted US numbering system) a million is a thousand thousand, a billion is a thousand million, and a trillion is a thousand billion, or a million million. To put that into perspective, if you stacked fresh, new US $1000 bills on top of each other, a stack worth US$1 million would be 109 millimetres high. A stack worth US$1 billion would be 109 metres high. The stack would reach about a third of the way up Sydney's Centrepoint Tower.

The stack of US$1000 bills needed to equal US$1 trillion would be 109 kilometres high. The Earth's atmosphere reaches out about 120 kilometres from the surface. (http://au.ibtimes.com/articles/20081204/how-much-four-trillion-dollars.htm)

So now, here's some articles discussing where the totals are coming from. You decide for yourself.

http://www.cnbc.com/id/27719011

http://abcnews.go.com/business/economy/Story?id=6332892&page=1

http://voltagecreative.com/blog/2008/11/scary-bailout-money-info-graphic/

This will get you going. Google for more if you're interested...

1 comment:

RattleFox said...

Isn't that so frustrating! I appreciate how quickly evolving the internet is, until you try to find what you saw the other day.