[quote=asianautica]TheBreeze, please stop with the false information of $10T. Unless you consider people on welfare, students, veterans, people who got helped because of the hurricanes, etc. are the richest folks.

BTW, you can thank the Democrats congress for passing the $850B bailouts recently. They’re the majority who voted for the bailouts.[/quote]

Fannie and Freddie ~ $5 trillion
reflation injection into 9 biggest banks ~ $250 billion which after 10:1 leverage allowed by the Fed = $2.5 trillion
reflation injection into regional banks ~ $250 billion which after 10:1 leverage allowed by the Fed = $2.5 trillion

That gets us to $10 trillion right there and was done unilaterally by the Bush administration.

Then you have
-$30 billion Bear Stearns bailout
-$125 billion AIG bailout replete with 1/2 million dollar weekend boondoggle
-Rolling $850 billion No Banker Left Behind Act

You’re right. It looks like we are closer to an $11 trillion bailout for the super-rich. My bad.

Thank God none of that bailout money went to reduced price lunches for poor children. Could you imagine the uproar from you and other faux conservatives if any of the bailout money had went directly to poor folks? I shudder to think of the backlash.