Tag: congress

Cash for Clunkers Unseen Side Effects

The program forced the destruction of 700,000 perfectly functional cars and light trucks.  If each car was roughly worth $3,000 with 700,000 vehicles totals $2.1 billion in wealth was destroyed. It is as if a hurricane came through and completely destroyed

Posted in Fiscal Policy Tagged with: , , , , , , , ,

US Debt issuance for 2009 currently $1.51 trillion

At the beginning of 2007, January 2nd we had $8.678 trillion in outstanding public debt. One year after Lehman went bankrupt, Sept 15th 2009, we have $11.8 trillion in outstanding public debt showing over a $2 trillion increase. The U.S.,

Posted in Fiscal Policy Tagged with: , , , , , , ,

Bailout Money Tracker – CNN Money

CNN Money is maintaining a great resource tracking all the bailout money. For an overall comprehensive list of all the bailout programs by Congress, Treasury and the Fed List of 650 banks, so far, which have received bailout money List of 94

Posted in Monetary Policy Tagged with: , , , , , , , , ,