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$700 billion is nothing

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Voters are rightly furious at the proposal to spend $700,000,000,000 that the government doesn't have to bail out Wall Street bankers who created the current economic crisis in the first place. But why then aren't we concerned about the trillions of dollars the Federal Reserve is pumping into the system? Or the trillions missing from the Pentagon? Or the quadrillion dollar derivatives bubble.For more news and economic analysis, visit: http://www.corbettreport.com

Channel: News & Politics
Uploaded: December 31, 1969 at 6:59 pm
Author: corbettreport

Length: 06:52
Rating: 4.53
Views: 57134

Tags: bailout  billion  crisis  derivatives  dollar  ecnomic  fed  hundred  paul  proposal  quadrillion  ron  seven  street  trillion  wall  

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seeksthetruth7 (December 31, 1969 at 6:59 pm)
all of us who got ripped off should go take our money back and end the Big Banks
chris2fer43 (December 31, 1969 at 6:59 pm)
I have known this for a while and i laugh when i hear people complain about the big three bailout. They have 62 trillion in bad paper 2 trillion more than the gross domestic product of the entire planet earth. In other words Game Over Phil Gramm Alan Greenspan and the parade of morons have screwed us.What did they think would happen when no one minded the store? I will tell you Alan, greed takes over.Anyone ready for the Amero?
SlaveStorm (December 31, 1969 at 6:59 pm)
The Great 08 economic splurge: No bankster left behind.Shop for victory, spend for security, debt is freedom, hate is love, war is peace, Satan is Jesus, ignorance is strength.The court historians are rewriting history, the court reporters are dictating the future and the court jesters are keeping the public amused.The government isn't out of control. It's in full control and all you can do is quietly complain among yourselves.MX, JFK, MLK, RFK, The island of Deigo Garcia, Palestine etc
Clemrm (December 31, 1969 at 6:59 pm)
: /
JohnRinNoHo (December 31, 1969 at 6:59 pm)
$2.3 trillion missing from a $260 billion budget does not make sense.
TheUnspeakableTruth (December 31, 1969 at 6:59 pm)
Jeez no wonder why they have 2 tacos for a buck at Jack in the Box
abcinstaller (December 31, 1969 at 6:59 pm)
The Iraq war costs $500.00 every second.
kaleselak77 (December 31, 1969 at 6:59 pm)
thats a lot of cheeseburgers
summacruzlaude (December 31, 1969 at 6:59 pm)
I think that's what is appalling... the fact that it was TRILLION!
JohnRinNoHo (December 31, 1969 at 6:59 pm)
The numbers given as missing from the defense budget do not make sense.I looked up the defense budget for 1999,it was in the neighborhood of 260 billion dollars.2.3 trillion dollars is more than 8 times the total defense budget for that year.Someone please explain.I suspect that McKinney meant to say 2.3 billion.

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