Asheville Mountain Real Estate Blog

Asheville, NC real estate for sale. Information for buyers, sellers and mountain homeowners, without pressure. Rich content for those who are far away about what it is like to live here through the generous use of media. And some nostalgia with our, "Baby Boomers' Fun Stuff", Thanks for stopping by.

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Location: Mars Hill, NC, United States

A small, highly personalized real estate firm specializing in mountain homes and land in greater Asheville.

Thursday, December 04, 2008

Department of Bailouts, Perspective, & Pondering

What's it all add up to?

We've been wondering about the various headlines this year. The ones listing pledges of so many billions here and there by The Fed, etc, in addition to the big $700 billion one we all heard about.

It turns out that we are somewhere around $7.7 trillion in total bailout pledges to date. The San Francisco Chronicle though has reported the number at $8.5 trillion so far, with a chronology of how we got there and where it's going.

What does this amount of money buy?

It seems that when adjusted for inflation this amount of money would have paid for; The Louisiana Purchase, The New Deal, WW II, The Korean War, Viet Nam, the race to the moon, the S & L crisis, the invasion of Iraq, and NASA's budget since day one, with money left over.

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Black Bear Realty Website
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