The numbers in review
Bloomberg has a handy list of financial numbers for the year 2008.
Among items noticeably absent are: the cost of the Iraq war ($900 billion), the increased liabilities of the Fed (now more than $2 trillion) and the enormous budget shortfalls most states have (collectively about $42 billion).
No need to worry though, all hail Obama.
Comments (8)
charleydan
What about the trillions of dollars in world economy created by Kissinger signing for oil to use dollars. That the world is rejecting now. I assume that would be treated as excessive imports.
Anyone have a number on that?
Published: January 1, 2009 5:22 AM
Bruce Koerber
No one under the persuasion of the unConstitutional coup is holding the empiricists accountable for their abysmal forecasting record. Why? Numbers tell their lies when the ego-driven interpreters get their hands on them. What could be more obvious than the complete removal of data as part of their report?
This deviousness is in addition to the totally erroneous application of an empirical methodology to subjective economic science.
What is in it for the unConstitutional coup? Propaganda, indoctrination, and totalitarianism.
However, the equilibrium forces of the economy will ultimately snuff out these abominations and the unConstitutional coup will be wiped out!
Published: January 1, 2009 8:02 AM
Michael Smith
Just one correction, Tim. The way your comment is worded makes it sound as if the *2008* cost of the Iraq war was $900 billion. But the article to which you linked says the *cumulative* cost of the Iraq war since 2001 is $687 billion.
Published: January 1, 2009 9:12 AM
Ryan
Staggering. It's difficult to remain optimistic in the face of such awesome figures. This bit of news does not make me feel any better either: http://www.bloomberg.com/apps/news?pid=20601068&sid=aZm0zupPvbB8&refer=home
Heading into '09 we march further down the road to serfdom. Hopefully we soon reach a fork in the road...
Published: January 1, 2009 10:32 AM
David Carlson
It's too bad most people don't just stop and think what kind of spending binge we are on.
-DC
http://www.davidcarlsonpolitics.com
Published: January 1, 2009 1:43 PM
Paul Hancox
Remember the "good" old days when it was $700 Billion (with a B)?... I mean, like 3 months ago. :)
I wonder who is going to bail out the one doing the bailing out.
Paul
http://www.optimalpersuasion.com/?tag=mises
Published: January 1, 2009 2:47 PM
bARRY gORDON
Aa my father used to say,
"figures lie, and liars figure"
Published: January 2, 2009 1:51 PM
seo
Spending as been out of control for an age, and the banks knew it.
Published: July 24, 2009 2:31 PM