Posts Tagged ‘economics’

The Cost of the Bailout

Monday, October 20th, 2008

With so many huge numbers being thrown around, the question must be asked, what is the real cost of the bailout? The answer: $3,222.78 per US Citizen. The number was the result of research done by Noah Holcomb, a mechanical engineer whose professional work includes quality control and cost analysis in the manufacturing industry. The following is his analysis of the bailout, complete with sources to the original data:

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Perceived Economic Crisis

Friday, September 26th, 2008

By now, everyone is talking about the economic crisis. From the workplace water cooler to bathroom chatter, everyone is mentioning it. And the situation is affecting everyone, or is it? Gas and food prices have been going up long before recent bank collapses and the problem in the housing market may have caused many home owners to lose their houses, but there are still plenty of apartments for rent. Is the government’s $700 billion bailout truly necessary, or is it simply placing more money into the hands of unscrupulous bankers whose poor decisions may not have the snowballing effect everyone is predicting?

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