Nine hundred billion
Nine-zero-zero, zero-zero-zero, zero-zero-zero, zero-zero-zero.
No, that number's not from the odometer on the Starship Enterprise nor the distance from here to the center of the galaxy.
US dollars, that is.
First Bear-Sterns, then Fannie Mae and Freddy Mac, now AIG; all are being bail-out by the US government!
That means the US taxpayers (not those who top the 5% stratum and have been getting all the breaks from Reagan-omics Mark II but all the rest of us) are now being forced by the administration to borrow more money to bail-out companies mismanaged by greedy, unscrupulous gamblers.
Meanwhile, some 4,000,000 home-owners who were at the mercy of predatory loan-sharking are forced from their homes for lack of government support. Not to mention our deteriorating infrastructure, under-financed education system, nearly-non-existent health care system, etc which could be - should be – at the front of the line for disbursements rather than these vipers in pin-stripe.
Add that astronomic number to the billions spent (and borrowed) every week to pay for the conflicts in Iraq and Afghanistan and anyone with more numeric savvy than a third-grade can see that the US economy is in deep doo-doo.
To hear Bush and McCain talk, you’d think otherwise.
“Sound Fundamentals”? Fundamentally F***ed, you mean, don’t you?