What would the bailout plan cost you?

[Crabtownboy]

Bernanke warned that a recession might come if the bailout plan did not pass. And as much as I like the idea of the government bailout of Wall Street -- I hate government interference in the free markets, and bailouts can encourage more bad behaviour. It is hard to get a good understanding of the cost of this Wall Street bailout plan. But I ran some numbers that I thought were interesting.

$700 billion cost of proposed plan
305 million estimated number of Americans
$2,295 estimated cost per American
151 million estimated workforce (excludes retirees, kids, etc.)
$4,635 per working American
$13.8 trillion estimated US gross domestic product
5.1% cost of bailout plan in one year's domestic product
13 days each American has to work to pay off bailout plan (5% of a year)

http://www.bloggingstocks.com/2008/09/23/what-does-the-bailout-plan-cost-you/

 

[ReformedBaptist]

I have no problem with this as long as I get a return of, and and return ON, my investment. Personally, I don't care how much money CEOs make. As long as they make me money, I am glad to pay them their fee.

I'd like to see rought 8-10% total return on my investment from this.

RB

 

[billwald]

It will be closer to $5 trillion and will finish trashing the dollar. The costs of many imports will skyrocket. The Saudis will urinate on the Bush family and price oil in euros. The Dispensationalists will love it and a thousand preachers will write "end of the world books." It will only be the end of the American Empire. Great Britain lived through it. So will we.