Chronological history of U.S. bailouts:

[babylonsister]

Simple to read/understand, but I don't know how to post, so here's the link~

http://www.propublica.org/special/government-bailouts

From 1970, $3.2B

To 2008 $315B...so far

:wow:

[mrcheerful]

1. Funny how every bailout was during republican leadership.

Wonder why that seems to be the case?

[ColbertWatcher]

4. Obviously you haven't been paying attention: Clinton signed it into law. n/t

[mrcheerful]

6. No where in the chart is Clintons name mentioned

the chart goes from 1989 to 2001 and no bailouts were shown inbetween 1989 or 2001 which were clinton years.

1989 After the widespread failure of savings and loan institutions, President George H. W. Bush signed and Congress enacted the Financial Institutions Reform Recovery and Enforcement Act in 1989.

[ColbertWatcher]

8. B-b-but CLINTON! n/t

[ColbertWatcher]

9. dupe. n/t

[unblock]

14. carter was president when chrysler was bailed out.

but note that THAT bailout saved JOBS.

[cyberpj]

2. Great Graph and Info - and notice (bush) who (bush) had the (bush) 2nd huge (bush) total (bush)

WAKE UP AMERICA!

[babylonsister]

7. I hear you; everything he touches turns to shit. He needs to

go away; likewise McBush, who will just be more of the same.

[cyberpj]

11. I'm talking about Daddy Bush and the Savings and Loan bailout at 294 Billion.

Jr's total will be over one trillion by the time he's done.

[babylonsister]

12. Hey, he beat his dad at something. nt

[cyberpj]

17. kick for more reading opportunities -

[ColbertWatcher]

3. The three biggest ones occurred under GOP administrations. n/t

[Warren Stupidity]

5. 2008 is a disaster of staggering proportions

2008, not counting the 500 - 1,000 billion new bailout, already amounts to almost as much as all the prior bailouts combined.

347.5 - total prior to 2008, in 2008 dollars.
333.6 - total in 2008, not including yesterday's insane action.

I think we are basically in uncharted territory.

[hootinholler]

10. Nice find. K&R n/t

[cyberpj]

13. K&r people - this is a GREAT find.

[Pab Sungenis]

15. Reminds me of the old Arlo Guthrie/Pete Seeger song.

I am changing my name to Chrysler.
I'm heading down to Washington DC.
I will tell some power broker
What they did for Iacoca
Will be perfectly acceptable to me.

I am changing my name to Chrysler.
I am heading for that big receiving line.
When they hand that million grand out
I'll be standing with my hand out.
Yessir, I'll get mine!

[Karenina]

16. ttt