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Synonyms for “700 Billion Dollars”:

posted September 25, 2008 - 7:01pm
Synonyms for “700 Billion Dollars”:

700,000 Million Dollars.

1,759 Bridges to Nowhere (at $398 million each).

6,542,056,075 Barrels of Oil (at $107 per barrel).

175,000,000 Gallons of gas (at $4 per Gallon).

3,608 McCain Attempts at the White House (based on McCain’s spending of $195 million on this campaign so far, as of 09/21/08).

233,333 Nader Attempts at the White House (based on Nader’s spending of $3 million on this campaign so far, as of 09/21/08).

9,763 Wall Street CEO's Annual Compensations (based on Lehman Brothers’ CEO Richard Fuld’s 2007 annual salary package of $71,770,000).

148,462 Golden Parachutes (based on the combined $9.43 million that Fannie Mae executive Daniel Mudd and Freddie Mac executive Richard Syron took home after the Feds took over the ruins of their companies).

700 Billion Lee Iacocca 1979 Salaries (when the government bailed out Chrysler, Lee Iacocca's paycheck that year was $1).

1 Monstrously Ill-Conceived Government-Run Hedge Fund That Will Buy Up Bad Mortgage-Backed Debts To Bail Out Wall Street Allowing The Rich To Become Richer And ...



Comments

That's right, lmorovan, blame the Democrats for everything

Are you not familiar with the way the economy works? It takes an average of ten years for the policies of government to trickle down to the rest of the economy. To place the blame on the Democrats who have controlled Congress only since January 2007--which is far LESS THAN TWO YEARS, by the way, since the problems with the economy started showing before October 2008--is simply disingenuous. One of the direct causes of the Wall Street meltdown is the ending of Glass-Stegall in 1999 by the passing of the Gramm-Leach-Bliley Act, which enabled the corporations on Wall Street to play games with investor money without oversight. When the economy took a downturn, which is what happens in business cycles, Wall Street was unable to cover all of its markers and turned to the government for help. Who controlled Congress on November 12, 1999, when the Gramm-Leach-Bliley Act was signed into law? The Republicans. Who is the Gramm of Gramm-Leach-Bliley Act? Phil Gramm, former Republican senator from Texas, who most famously was Republican presidential candidate John Sidney McCain III's campaign co-chair and chief economic advisor and who said that the tanking economy was a "mental recession" and we were a "nation of whiners". The fact of the matter remains that the Republican partisan blame game cannot replace known facts about who did what and when. The biggest obstacle to the McCain Campaign has been the instant fact-checking ability of Joe Sixpack and Sally Soccermom to use the Internet to find out the reality of the accusations instead of just accepting them at face value and basing a belief system on them. What I find particularly amusing is that you Republicans smear Barack Obama with the "Socialist" label, while you fully and publicly support the looting of the U.S. Treasury for all manner of corporate socialist programs and bailouts. The Socialist Party has been proven to be the Republican Party for its activities in "redistributing the wealth" of ordinary Americans to anyone but the people who pay their fair share of taxes. JOIN XOMBA IF YOU HAVE SOMETHING TO ADD!

Imorovan, I agree with you, BUT...

The alternative of doing nothing would have been catastrophic BUT the bailout should have included very strict restrictions on how the money could be spent. It is absurd that the same companies that are being bailed out are spending money on extravagant retreats, bonuses, and dividends. Why give huge bonuses and golden parachutes to those same people who got us into this mess? I also agree with you that the Democrats are more to blame than the Republicans (some of the policies that encouraged Wall Street's destructive practices originated in the Clinton administration), BUT both parties do share the blame. In general, I am no supporter of government regulations BUT without regulation of Wall Street, the greedy executives will figure out a new way to fleece the public once again...

Wondering

You do realize what the alternative would have been, right? You also realize that the Democrats were in charge of the Congress for the last 2 years when the whole economy started to go down? I think you do. To read my posts and articles click here: http://www.xomba.com/xombyte/lmorovan

To read my posts and articles click here:

http://www.xomba.com/xombyte/lmorovan

THE BIGGEST BANK HEIST EVER!

700 Billion Dollars = THE BIGGEST BANK HEIST EVER! Check out the link at: http://blogs.moneycentral.msn.com/topstocks/archive/2008/10/31/50-billion-of-bailout-going-to-pay-exec-bonuses.aspx "As if the economic bailout by U.S. taxpayers isn't enough to make you sick to your stomach, new information has come to light that several banks are planning to pay billions of dollars in year-end bonuses from the bailout funds they received."

700 Billion Dollars Equals ONLY $2,293.68 Per Each US Citizen

There are about 305,186,613 people in the United States. 700 billion dollars amounts to ONLY $2,293.68 per person if divided equally. Why can't we just get along and each donate this amount so that Wall Street big wigs making tens of millions of dollars in bonuses each year can get on with their lives without suffering terrible losses? PLEASE CONTRIBUTE TODAY!!!

Mark my words...

...this could very well be the catalyst for major revolution. Anarchist or no, I don't fancy that idea.

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