Yup… you read that right. 5 TRILLION dollars.
I recommend taking the time to go through and read every last detail in this article because there are little spending gems hidden throughout. Gems that you, most likely, wouldn’t hear about otherwise.
But the best part of this has to be the results… or, more accurately, the complete lack there of. After all lending between banks, which the government tells us is the most important problem, is still frozen even after interest rates have been cut by more than half. And it would appear the much touted bailout bill from October is nearly out of money to throw at the problem.
But, hey, take heart, the bottom is probably only another couple TRILLION taxpayer dollars away…
P.s. For more on the Massive Bailout Madness check out my earlier post. And for those who never saw this coming, check out Malkin’s latest.
UPDATE: Looks like the Massive Bailout Madness hasn’t helped stop or even slow foreclosures and some Senators are pissed at Paulson