Economic Stimulus Update: How Much Has Been Spent on Bailouts?

Miranda Marquit — Tue, 24 Feb 2009 18:55:40 +0000

Every so often, CNN Money releases a handy visual showing how much money has been devoted to “economic stimulus” — starting from December 2007 when the hapless efforts to avoid recession began. I like to post it here. As you can see, so far more than $11 trillion has been promised for economic stimulus efforts. Kind of makes the recently passed $789 billion look pretty paltry. I’ve been saying it for months: Most of our economic stimulus spending is not being passed in large packages. Most of it is adding up with $100 million here and $1 billion there. Also, look who the biggest beneficiaries are. Ben Bernanke has been vowing to help the banks, and the government certainly has been throwing plenty of money at them.

What do you think of these economic stimulus efforts, and where the money is going?

Post from: EveryJoe

EveryJoe » Economic Stimulus Act of 2008

Economic Stimulus Update: How Much Has Been Spent on Bailouts?