Re: Is Bernanke a liar, living in a vacuum, or simply just an idiot ??? You decide
Ya know, throughout his entire term, Greenspan showed up regularly and lied, and lied, and lied, to Ron Paul, and all of us.
The lie continues. It will until it no longer works, as it's all they have.
Just as an example, here is another face of the lie; What has become of the "$700 Billion" bailout, while the press has looked the other way?
This is the complete fleecing if our country, and the next 3 generations of our families, if this country lasts that long. And no, "Obama will fix all that" won't change a damned bit of it, because all of his "answers" are nothing more than more of the same.
Just How Much Is the Bailout?
Posted by Lew Rockwell at LewRockwell.com:
If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so lets give this some context. The current Credit Crisis bailout is now the largest outlay In American history.
Jim Bianco of Bianco Research crunched the inflation adjusted numbers. The bailout has cost more than all of these big budget government expenditures combined:
Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion
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