Love These Stats (and the Bailout)

I love statistics, maps, encyclopedias. I cried one Christmas when Rhonda gave me an unabridged dictionary! So, finding these stats that compare China to the USA was a gold mine. chinavsunitedstateseconomyYou can get the full wad and compare, compare, compare to your heart’s delight by clicking on this link to mint.com. Now, isn’t this so much more informative and useful than watching old reruns of “Britains Greatest Talent”?

If you want another mint.com fantastic visual of what happened to GM click here.

For a visual of the financial bailout to simplify what all has happened click here.

I’m wondering why Obama doesn’t give the next $35 billion to build some oil production facilities out west where 1.5 Trillion barrels of oil are locked in shale.

or set up three new nuclear power plants.

or give the money to ten steel production companies.

or help the hard working guy who came to our house today because his wife is in pain and they have no money for meds.

or pay for the 25% increase in property taxes those of us in Washington County will experience next year!

Yes, Someone Saw It Coming

economic“At a minimum, the mergers are creating a class of ‘too big to fail’ institutions – banks that must be bailed out, various presidents will inevitably tell us, to prevent a ‘domino’ economic effect.”

– Ralph Nader, The New York Times, November 12, 1995

“The real concern that we have is that we have got and developed, in this country, a very serious ‘too big to fail’ problem, and that problem, we’ve just recognized now in the current situation, how severe it is.”

- Federal Reserve Chairman Ben Bernanke, NYT, October 16, 2008

Full article here by University of Florida’s Travis Pillow