Comments on: Happy days are here again: Obama could spend $23.7 trillion to fix economy

By: Hyscience

Hyscience — Sat, 25 Jul 2009 15:14:56 +0000

$24 Trillion!…

Mind boggling.The Special Inspector General for TARP, Neil Barofsky, made headlines this week when he estimated that the Obama administration had committed itself to spending as much as $24,000,000,000,000 to fix the American economy. The Treasury fire…

By: Hot Air » Blog Archive » Barofsky fires back at Treasury, says $24,000,000,000,000 estimate sound

Sat, 25 Jul 2009 13:01:01 +0000

[...] this week when he estimated that the Obama administration had committed itself to spending as much as $24,000,000,000,000 to fix the American economy. The Treasury fired back at its own SIGTARP, saying that Barofsky [...]

By: Hot Air » Blog Archive » Obama to GOP on fiscal criticism: Have you no shame?

Thu, 23 Jul 2009 22:11:31 +0000

[...] he’s been planning all along. Bush supported TARP, ergo Republicans are on the hook for all $23.7 trillion of The One’s budget-busting [...]

By: Rhambo: We Rescued the Economy From Recession : The American Pundit

Rhambo: We Rescued the Economy From Recession : The American Pundit — Wed, 22 Jul 2009 21:07:12 +0000

[...] takes the opportunity to utilize his trademark snark: Unemployment at 9.5 percent and climbing, $23 trillion potentially spent to fix the economy, and this galactic tool has the stones to raise the “Mission [...]

By: Hot Air » Blog Archive » Boehner to Emanuel: Hey, thanks for “rescuing” the economy

Wed, 22 Jul 2009 20:02:11 +0000

[...] and tell the New York Times you’re a big success. Unemployment at 9.5 percent and climbing, $23 trillion potentially spent to fix the economy, and this galactic tool has the stones to raise the [...]

By: golfballs03

golfballs03 — Tue, 21 Jul 2009 03:36:32 +0000

we are in deep kim chee. smoke and mirrors can’t defy the laws of economics. we will either see our market collapse or runaway inflation. i think the latter, which the administration will do in an attempt to try and manage our astounding debt. either way it will destroy massive amounts of wealth in this country. brace yourselves folks, this is going to get really ugly.

By: TwoCents

TwoCents — Tue, 21 Jul 2009 00:03:35 +0000

Wow – $23.7 trillion?? Just cut checks for the poorer half of all adults in the US–they’d each get over $200K. Imagine what a boost to the economy and a fix for the housing market and unemployment that would be! The recipients would be spending like crazy and since no one would want to work, wages would go through the roof. And who would need nationalized health care?

By: The_Lid

The_Lid — Mon, 20 Jul 2009 23:51:41 +0000

Come on Ed, What’s 23.7 trillion worth these days. Its not like its real money. At least it isn’t real money anymore.

By: keep the change

keep the change — Mon, 20 Jul 2009 23:25:24 +0000

None of this insanity would be possible with a gold standard. That $23.7 trillion is not actual wealth. There is no wealth like that in the US or anywhere else. That is just $23.7 trillion worth of coupons obama will print, coupons that will have no value, and consequently, the coupons you already have and worked for? They will be worth nothing now as well.

By: Hucklebuck

Hucklebuck — Mon, 20 Jul 2009 22:43:54 +0000

Should read “$100B ZD bill”.

Gee,and to think I felt bad when the figure was $12 – 13T – representing about 14 times all the dollars in existance. Clearly, I’ve underestimated these guys.

By: Hucklebuck

Hucklebuck — Mon, 20 Jul 2009 22:40:58 +0000

The total amount of USD in worldwide circulation is approximately $900B. My calculator does go that high, but just rounding off to $24T (why not?) that comes to about 28 times all the dollars there are.

What could go wrong?

P.S. I bought a $100ZB bill on eBay last month for kicks. Cost: $6.95 USD.

By: 4shoes

4shoes — Mon, 20 Jul 2009 22:36:53 +0000

Forgive me if I’m mathematically challenged, but the three figures quoted for the Fed, the Treasury, and FDIC add up to $13.5 trillion. Has Barofsky found OTHER agencies that are going to spend an additional $10.2 trillion? Who are they, and where is the money going?

We need to know, even if Obama doesn’t care. It’s only paper.

Steve Z on July 20, 2009 at 5:00 PM

That’s just the money that goes missing from all the people skimming. That or the 0ne is paying back with interest all the Oil countries that donated to his campaign.
That is an unbelievable amount of $. The 0ne could buy his own planet to rule over with that much.

By: JellyToast

JellyToast — Mon, 20 Jul 2009 22:16:59 +0000

How many zeros is that?? At what point would it be better to just send us all checks for thousands of dollars?? Are we not getting close to that?? Isn’t this an example of just how insane this is becoming??

By: DFCtomm

DFCtomm — Mon, 20 Jul 2009 22:00:04 +0000

I just finished a book on the Salem Witch Trials, The Heretic’s Daughter. It is about sane, ordinary people behaving in ways that were insane. Eventually the people of community of Salem and its environs came to their senses, but not until dozens of people had lost their lives and dozens more had lost their property.

In some ways, this whole thing makes me think of that time. After all, 23.7 trillion is insane, it is crazy, that would turn the US into a third world country. Hopefully people will wake up to that before it is too late.

Terrye on July 20, 2009 at 5:18 PM

I wouldn’t bet on it, because financially we may have already passed the threshold of no return.

By: VIDEO: Miami to Protest Against Taxes & Gov. Spending – 7/21/2009 (Miami Protesta Contra Impuestos – Julio 21, 2009) « FactReal

Mon, 20 Jul 2009 21:44:29 +0000

[...] Air Video: Obama’s “wise Latina” moment or somethingHappy days are here again: Obama could spend $23.7 trillion to fix economyObama hits back at DeMint on health care: It’s not about meVideo: Mythbusters on [...]

By: Good News: Obama Could Spend $23 trillion to Fix the Economy : The American Pundit

Mon, 20 Jul 2009 21:42:58 +0000

[...] Stephan Tawney Or $23.7 trillion, to be more precise. But really, what’s another $700 billion matter when you’re already measuring expenditures in tens of trillions of dollars? As if it really [...]

By: Wyznowski

Wyznowski — Mon, 20 Jul 2009 21:40:11 +0000

“I must destroy America in order to save her…” – B.Obama

By: noodle

noodle — Mon, 20 Jul 2009 21:31:40 +0000

I predict another IG firing because of mental issues shortly…

By: Terrye

Terrye — Mon, 20 Jul 2009 21:18:44 +0000

I just finished a book on the Salem Witch Trials, The Heretic’s Daughter. It is about sane, ordinary people behaving in ways that were insane. Eventually the people of community of Salem and its environs came to their senses, but not until dozens of people had lost their lives and dozens more had lost their property.

In some ways, this whole thing makes me think of that time. After all, 23.7 trillion is insane, it is crazy, that would turn the US into a third world country. Hopefully people will wake up to that before it is too late.

By: Yoop

Yoop — Mon, 20 Jul 2009 21:18:40 +0000

Come on, people, pay attention to what really matters.

The new Harry Potter film grossed $400 million.

Michael Jackson was possibly murdered.

Walter Cronkite is dead.

guntotinglibertarian on July 20, 2009 at 4:58 PM

Harry Potter is pretend.

Michael Jackson is dead.

Walter Cronkite is ditto.

But Elvis told me to tell you… HE WON!

By: Conservican

Conservican — Mon, 20 Jul 2009 21:13:33 +0000

“I’ll tell you like you told me, cash rules everything around me sayin dolla dolla bill y’all”.

By: Tonus

Tonus — Mon, 20 Jul 2009 21:10:10 +0000

Let’s not fool ourselves with the “fix the economy” stuff. I agree that Obama could spend $23.7 trillion before he’s done, but he won’t be fixing the economy. More like leaving it beyond repair.

By: guntotinglibertarian

guntotinglibertarian — Mon, 20 Jul 2009 21:07:14 +0000

Clerk at Payday Loanz office: “Well, Mr…..Obama?…um, I just need to see a driver’s license.”

Obama: “I don’t have my driver’s license with me.”

Clerk: “Oh. Well…how about a birth certificate?”

By: Steve Z

Steve Z — Mon, 20 Jul 2009 21:04:18 +0000

Obamacare: Bend over and don’t worry. This won’t hurt…..much.

Rightwingguy on July 20, 2009 at 4:55 PM

Like a daily prostate exam?

New credit card commercial: What’s in your wallet?

Nothin’! Obama took it all !

By: faraway

faraway — Mon, 20 Jul 2009 21:02:45 +0000

That’s a lot of ham.