Quote:
Originally Posted by Option84
Also I don't get how Bush's 145 billion tax rebate is going to do anything when Citigroup's market value loss alone was 155 billion.
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It is a drop in the bucket when weighed against the overall economy.
Some unpopular comparisons - the Iraq conflict is costing American taxpayers about 1% of GDP (versus 9% for Vietnam) and the American defence budget at around $650 billion I believe, which is about four times the size of the announced economic package, is around 4% of GDP, maybe a little lower.
So . . . . $155 billion isn't much relative to the size of the economy it's trying to influence.
A good, pragmatic, numbers article in the Wall St. Journal today:
http://online.wsj.com/article/SB1200...s_inside_today
Cowperson